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30 November 2016

Senior Officer Credit Administration Documentation Vacancy in Dubai

Our client within the banking industry are looking for experienced Credit Administration - Documentation Officer in Dubai to be employed on outsourced payroll.

Position details:

Department : Credit Administration

Domain : Credit Documentation

Location : Dubai

Job Description
Ensure that facilities pertaining to SME & WM / RMU accounts have been approved within the approving authorities’ powers and that accurate authorizations are in place for each approval. Also, ensure that proper authorizations by the approval authorities are in place for cases where there are deviations approved from the laid down procedures.
Prepare documentation check-list to determine the documents, securities to be obtained prior to actual preparation of the required documents for the approved/renewed/enhanced credit facilities.
Preparation of Facility Offer Letters (FOL), ensuring that all securities, terms and conditions, pricings, required documents, expiry of limits have been mentioned therein as per approval terms, and that the same are well communicated to the borrowers. Draft copy of FOL’s are to be cleared jointly in liaison with the Relationship Manager, thereafter signature of Head of CAD’s is to be obtained on final copy.
Preparing & sending other documents to the relationship teams as per outlined checklist within agreed turnaround time for new and/or existing borrowing corporate clients, ensuring that the same are Sharia compliant and that the Bank’s exposure is well covered.
Vetting of signed/executed documents, once received from the teams/borrowers, to ensure their accuracy and completeness and to assure that all required legal documents and/or undertakings are well in place prior to release of facilities in the system through the Credit Control Unit (CCU).
Upon satisfying that the executed documents are complete in all respects, arrange formal release of facilities to the CCU under joint signatures to enable them to input the approved credit lines/limits in to the system.
Ensure that complete sets of documents against respective facilities are delivered to the respective documentation officer for lodgment in the Documents Lodgment Register (DLR) and ensure proper filing/safe-keeping as per Standard Operating Procedure.
Release securities based on appropriate authority’s approval after taking clearance from CCU/MIS units where limits/lines are to be amended/ cancelled in the system and/or shares/DP position is to be adjusted.
Diarize deferrals & follow-up with the concerned corporate teams for receipt of required and/or expired documents.
Generate reports regarding the expired/expiring documents and disseminate the same to the concerned teams with rigorous follow-up so that the exceptions are rectified immediately besides enabling the teams to take appropriate steps to get the expiring documents renewed/revalidated well ahead of the respective expiry dates.
Responding to in-coming credit enquiries on the banks clients form other banks /financial institutions & Obtaining credit checking from other banks.
Candidate requirements:
Min. 2 years banking experience, of which min. 1 year in the Corporate account handling or Credit Administration area.
Sound knowledge about “Islamic Products” and required Sharia compliant documentsis s desirable.
Strong analytical and decision-making skills.
Self-motivation and results-oriented approach.
Strong oral and written communication skills in English.
Bilingual (Preferred English, Arabic, or Urdu).
Ability to work in a time-sensitive environment.
Strong organizational skills.
Flexible to work in all shift.
Computer and banking system savvy.
AED XXXEXPIREDXXX (Depending upon the qualification and experience).
Standard company benefits.

If you or any of your friends or colleagues would be interested in pursuing an opportunity, kindly send us your updated CV to bankingoperationscv at gmail dot com with the below details.

Reason for change : Elaborate please
Current Remuneration : Salary + benefits in AED
Expected remuneration : Salary + benefits in AED
Notice period : Immediate / 1 - 3 months
Current visa status : Visit / Tourist / Employment / Residence
UAE Driving license : Yes / No
Education degree attested : Yes / No
OK to work long hours, as per dept. requirements : Yes / No

We do not have any openings available for candidates with no banking/financial industry experience.

Due to high volume of CV's being received by us, only shortlisted candidates will be contacted.

Do not send sales banking profiles as we do not work on them nor have the time to forward them to relevant people.

If you are not looking for change you may want to refer someone.

Thank you and all the best in your career endeavors!