hireejobsgulf
Register for Job

Senior Restructuring & Remedial Associate

1.00 to 10.00 Years   United Arab Emirates   29 Apr, 2022
Abu Dhabi Islamic Bank
1 Jobs Openings
Job LocationUnited Arab Emirates
EducationNot Mentioned
SalaryNot Mentioned
IndustryOther Business Support Services
Functional AreaNot Mentioned

Job Description

Role : Senior Restructuring & Remedial AssociateLocation : Abu DhabiRole Purpose:Manage assigned portfolio for remediation, restructuring & recovery activitiesKey Accountabilities of the role

  • Work closely with the obligors and focus on the recovery and turnaround of each classified account in the assigned portfolio.
  • Negotiate and recommend restructuring/ settlement that maximize the prospect of recovery.
  • Prepare and present credit proposals with well analyzed and evaluated restructuring and/or strategic recommendations to senior management for approval.
  • Restructure facilities in order to preserve the bank?s capital and maximize the prospects of recovery after analysis of the case and relevant markets.
  • Coordinate with Bank?s collection Legal department for collection efforts where legal action has been recommended.
  • Follow up for earliest realization of proceeds from foreclosures/other legal actions.
  • Ensure proper implementation and follow up on the operational aspects of the account management with timely and proper internal administration and record keeping.
  • Coordinate with Sharia Department to ensure that restructurings are in line with Sharia principles.
  • Monitor the recoveries of the assigned portfolio.
  • Ensure that Collection Policies and procedures with respect to classified accounts are complied with.
  • CCRs and annual renewals are prepared in a timely manner and security documents are updated as and when required.
  • Conduct trade transactions (if applicable) for accounts that have been restructured (where limits are available).

Keyskills :

APPLY NOW

Related Jobs

© 2023 HireeJobsGulf All Rights Reserved