Specialist- Documentation - Real Estate Credit & Islamic RE

Job Description

ROLE PURPOSEThe role is responsible for preparation and vetting of documentation (Islamic & Conventional) 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

• Preparing Facility Offer Letter and related set of ijara documents, security / support documentation in accordance with the credit approvals (Conv & Islamic)
• Ensuring all Ijara set of documents, security / support documents have been properly executed, signatures are verified and authenticities of the signatories are supported by resolution / POA.
• Ensuring rectification of existing discrepancies / deficiencies in security documentation for all facilities which have been disbursed.
• Ensuring approval from relevant authorities is held for deferral / waiver of incomplete documents.
• Ensuring integrating accurate and timely internal reporting and regulatory reporting.
• Preparing & circulating documentation deficiency (expired / deferred documents) reports and following up for its timely submission / renewal.
• Maintaining up to date collateral data in the Banks 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. If required.
• Ensuring all ijara documents, security documents are kept safe in the vaults and a checklist maintained in the credit file.
• Lodging security documents / collaterals in the Banks system.
• Regularly monitoring unit MIS of pending mortgage registrations and update the MIS accordingly.
• Involve in Projects for automation of processes & process enhancements etc.
• Be aware of property mortgage regulations / changes and provide updates to internal stakeholders as appropriate.
• Coordinate & collaborate with all internal stakeholders and deliver the services seamlessly.
• Ensure all the services are provided as per SLA and meets the TAT.

• Bachelors Degree in Commerce / Finance. 6-8 years experience in Islamic Banking with at least 6 years experience in the Consumer Banking CAD Islamic functions of Real Estate.

• Knowledge and use of banking software systems, basic PC skills and common MS applications like Excel and Word.
• Good knowledge of Arabic & English language (both written and spoken is a must).
• Good knowledge of Banks financial system.
• Very good knowledge of Islamic Banking Products / Consumer Banking 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.

Keyskills :

About Company

FAB, the UAE’s largest bank and one of the world’s largest financial institutions offers a an extensive range of tailor-made solutions, and products and services, to provide a customised banking experience. Through its strategic offerings, it looks to meet the banking needs of customers across the world via its market-leading Corporate and Investment Banking and Personal Banking franchises.
Headquartered in Abu Dhabi, in Khalifa Business Park, the bank’s international network spans over 19 countries, across the world, providing the global relationships, expertise and financial strength to support local, regional and international businesses seeking to do business at home and abroad. In line with its commitment to put customers first, to Grow Stronger, FAB will continually invest in people and technology to create the most customer-friendly banking experience and will support the growth ambitions of its stakeholders across the global network in which the bank operates.