ROLE PURPOSE:
The role is responsible for preparation and vetting of documentation relating to credit facilities and accurate detailing before inputting the same into the Banks system. Further he/she is responsible for ensuring the enforceability/authenticity of the security documents executed by the customers
KEY ACCOUNTABILITIES
Reviewing the prepared in-house Bank standard Facility Offer Letter/ Term Loan Agreement internal legal negotiated Facility Offer Letter/ Term Loan Agreement security / support documentation in accordance with the credit approvals.
Ensuring all security / support documents lodged for in-house documentation have been properly executed and signatures are verified and authenticities of the signatories are supported by resolution / POA.
Ensuring rectification of existing discrepancies / deficiencies in security documentation for facilities released under legacy records.
Ensuring approval from relevant authorities is held for deferral / waiver of incomplete documents.
Ensuring integrating accurate and timely internal reporting and regulatory reporting. ROLE DETAILS Functional title: AVP & Lead Documentation No. of Direct Reports: 0 Corporate Title: AVP & Team Leader Documentation (Commercial Banking & Program Lending) No. of Total Reports: 0 Grade: C Location: Group Function: Evaluated on: Sub Department: Credit Administration Dept. Reports To/Line Manager: Head of Documentation Unit Head of CAD Group Head of Documentation Unit AVP & Team Leader Documentation (Commercial Banking & Program Lending) Classification: PrivateFAB HRStaff data
Reviewing documentation deficiency (expired / deferred documents) reports and following up for its timely submission / renewal.
Ensuring updation of collateral data in the Banks system.
Ensuring periodical clean-up of old and obsolete security documents to keep updated / valid security
documents in the security folder.
Verifying and confirming periodically at the renewal of credit line all required security / support documents are physically held in safe custody.
Authorizing security documents / collaterals in the Banks system.
Reviewing / verifying approvals obtained for permanent release of collaterals security documentation and ensuring there are no liabilities or outstanding and facilities are cancelled.
Supporting in creation/release/amendments of securities/mortgages/charges/registrations with local government authorities and free zone authorities in various Emirates as per Banks POA holders.
Reviewing and checking on daily basis all the lodged documents in Banks system to ensure 100% accuracy.
Reviewing and signing all the memos/ letters related to cash dividends Credit Information Report and EMCR.
Handling other projects assigned in a timely manner in addition to the BAU functions.
Distributing work among team members and also ensure smooth flow of day-to-day transactions.
Qualifications :
Knowledge & Experience:
Bachelors Degree in Accounting / Finance. 8-10 years experience in Corporate Banking with at least 8 years experience in the Corporate CAD function.
Skills:
Knowledge and use of banking software systems basic PC skills and common MS applications like Excel and Word.
Good knowledge of English language (both written and spoken).
Good knowledge of Banks financial system.
Very good knowledge of Banking Products / Corporate Credit Administration functions.
Good knowledge of U.A.E. legal environment & Central Bank regulations.
Team worker ability to work under pressure fast learner attention to details
Remote Work :
No
Employment Type :
Full-time
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