Credit Control Officer

1.00 to 10.00 Years United Arab Emirates 15 Apr, 2022

Job Location	United Arab Emirates
Education	Not Mentioned
Salary	Not Mentioned
Industry	Other Business Support Services
Functional Area	Not Mentioned

Role : Credit Control OfficerLocation : Abu DhabiRole Purpose:

The position acts as the last filter in the limit approval process where the exposures undertaken by the Bank of its customers are being reviewed and scrutinized for its adequacy /correctness in terms of approvals, adherence to Credit policies laid down in the Credit Policy, Product Manuals and department SOP?s, compliance to documentation standards in terms of security and facility agreements.
To ensure that Bank is protected at all times with appropriate source documents, legally enforceable charge documentation / securities, duly assigned insurance policies and adequate underlying value of securities prior to feeding of limits and are effectively controlled and monitored through a follow up system for routine actions.

Key Accountabilities of the role

Ensure that all terms and conditions stipulated in the Credit Approval as precedent to disbursement of limits have been duly complied with and all securities and required documents have been obtained prior to releasing limits for the assigned segment. If not, specific waiver / deferral must be available on record.
To prepare FOL/Agreements/Security documents to ensure compliance to legal standards, credit policies and approvals.
Ensure timely update of all systems with credit related information such as Risk rating, Expiry dates and Collateral details.
Review and report Excess over limits in a timely manner.
Provide the best customer service to business partners and maintain turnaround time as per SLAs for all Credit Control related functions.
Identify irregularities/deviation/exceptions and log them in exception report after obtaining required approvals for tracking and monitoring purpose.
Ensuring adequate safe custody of all Credit and security documentation for assigned segment.
Preparation of documentation checklist for all clients for the assigned segments.
Process release of security requests after ensuring required approvals have been obtained and facilities have been settled.

Specialist Skills / Technical Knowledge Required for this role:

A thorough understanding of Bank?s Policies and product knowledge.
A thorough understanding of Islamic Credit Products.
Good understanding of technological issues with sound analytical ability and PC skills.
Effective communication skills in English and Arabic.
Ability to work independently with minimal supervision.

Previous experience:

7 ? 10 years of banking experience with 3+ years? experience in credit documentation and operations.

Keyskills :

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