Credit Admin Asst. Manager Branch

Credit Admin Asst. Manager (Kuwaitization)

Will support the Credit Admin Manager in executing credit facilities sanctioned for Corporate customers. The incumbent will be responsible for reviewing periodic reports within the system and verifying that facility administration activities of the Kuwait branch follow the terms of sanction and Bank’s current policies & procedures.

• Perform all activities, as assigned by the reporting authorities, in compliance with applicable regulations, Doha Bank’s policies and approved Credit Administration policies and procedures.
• Check and confirm the accuracy of Balance confirmation/Credit Info. Prepared by CAD Officer.
• Check and verify all manual business transactions, including, but not limited to recovery of management fee, loan commission, release of syndicated loans, Loan disbursement/ loan recovery/ loan reschedule.
• Verify the calculations in relation to and ensure recovery of periodic interest disbursement of loan/recoveries of installments.
• Check and verify system loaded data pertaining to new and existing credit facilities which includes change of collaterals decrease/increase in facility limits, changes of expiry date etc.
• Verify opening of ledgers of project finance, and all other accounts in the online system, as applicable.
• Review, release and/or amend the hold amounts related to Commercial Credit Facilities for entire Doha Bank functions, as applicable.
• Verify and ensure that there are no inaccuracies in effecting credit transactions to the corporate customer's accounts, and that financial transaction in customers' accounts are strictly in line with terms of sanction as specified on Facility Release form.
• Verify and ensure that all the security documents are fully complied with the approval terms before loading the limits.
• Verify and ensure that requested facilities are processed within the specified Service Level Agreements.
• Verify and ensure that all electronic and hard copies all documents are maintained in the respective files, in the prescribed order of documents filing, including but not limited to past dues / EOL reports for LTR and Loans, and other supporting documents in relation to the corporate credit administration, and; ensure that no documents / files are misplaced.
• Ensure that there are no delays in completion of activities, in relation to the corporate credit administration activities.
• Verify and ensure processing of new credit facilities and amend existing facilities of Corporate & Commercial and all the local branches, sanctioned by the Credit Committee.
• Verify and ensure up-to-date track of the due dates of Commercial Loans and ensure recovery of:
• Verify and ensure release/decrease and/or amendment of credit limits as per necessary approvals received.
• Verify and ensure review of project loans wherein payments are irregular and not settled, after the completion of contract period.
• Verify and ensure manual recovery of past dues, loan / LTR and EOLs of LTR and Loans.
• Process manual recovery of past dues, loan / LTR and EOLs of LTR and Loans.
• Temporarily reinstate the expired credit limits in order to open L/Cs and issuance of L/Gs’ upon request of Trade Finance Dept. duly approved by the Credit Committee.
• Prepare internal memos and submit relevant periodic/ad-hoc reports to the relevant stakeholders, as applicable.
• Provide necessary data and printed copies of system reports on the due dates for review of the Credit Administration Manager / Management.
• Ascertain and report on the changes required in system, including but limited to customization of reports, implementation of new functionalities and modifications and computer applications, in alignment with the requirements of the users and management.
• Process activities related to Project financing, including but not limited to verification of data input in relation to project finance details, approved limits/disbursement of project loans, disbursement of L/C Loan upon settlement of L/C in project finance, appropriation of assigned payments towards funded liabilities, ensuring project record maintenance, and liaison with Account officers for project…