Job Purpose

The role is responsible for preparation and vetting of documentation relating to credit facilities and accurate detailing before inputting the same into the Bank’s system. Further, he/she is responsible for ensuring the enforceability/authenticity of the security documents executed by the customers. 

Key Accountabilities

• Preparing the in-house Bank standard Facility Offer Letter/ Term Loan Agreement, security / support documentation and check the internal legal negotiated documents, 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
• Preparing documentation deficiency (expired / deferred documents) reports and following up for its timely submission / renewal
• Maintaining up to date collateral data in the Bank’s system
• Performing 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 lines, all required security / support documents are physically held in safe custody
• Ensuring all security documents are kept safe in the vaults and a checklist maintained in the file
• Lodging security documents / collaterals in the Bank’s system
• Reviewing / verifying approvals obtained for permanent release of collaterals, security documentation and ensuring there are no liabilities or outstanding and facilities are cancelled
• Advising Credit Control Unit for release of credit lines in the Bank's system.

Knowledge & Experience:

• Bachelor’s Degree in Accounting / Finance. 3-5 years’ experience in Corporate Banking with at least 3 years’ experience in the Corporate CAD function.
• 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 Bank's 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