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First Abu Dhabi Bank (FAB) · 5 hours ago

Manager - Credit Administration

Washington, United States

Full-time

Onsite

Senior Level

7+ years exp

First Abu Dhabi Bank is an inclusive environment that values diverse perspectives and experiences. The role of Manager - Credit Administration involves managing documentation, credit control, and MIS activities for the CIB business post credit approvals, ensuring compliance with credit approvals and maintaining accurate records.

BankingFinanceFinancial ServicesLending

Responsibilities

Recording all the transactions in the Share Point Workflow system

Processing of daily work assigned and ensuring smooth flow of day-to-day activities and transactions

Maintaining credit facility files with all the relevant documents received from the Coverage teams, scanning of facility documentation before recording them in the vault for safe custody

Preparation and Review of standard & non-standard documentation, Syndicated Agreements, Facility Offer Letters, Security related documents, Internal & External legal opinions and other condition precedent documents, etc. in compliance with sanctioned credit approvals

Ensuring all security/support documents have been properly executed, signatures are verified, and authenticities of the signatories are supported by resolution/POA

Coordinating with CAD-International team in Head Office/Product Specialists/Coverage and Credit Teams as and when required in order to complete the documentation process/limit release in the Bank’s Systems

Ensuring approval from relevant authorities is held for deferrals/waiver of any incomplete documents. Ensuring rectification of existing discrepancies/deficiencies (if any) in documentation

Preparing and circulating documentation deficiency (expired/deferred documents) reports and following up for its timely submission /renewal

Lodging documents and updating of collateral data in the Bank’s system

Verifying and confirming periodically at the time of renewal/review of credit limits that all required security/support documents are physically held in safe custody and periodic clean-up of old and obsolete facility/security documents upon settlement

Reviewing/verifying approvals requested for permanent release of collaterals, security documentation and ensuring that there are no liabilities or outstanding and facilities are cancelled from the system

Encoding and releasing of credit limits and ensuring accurate detailing before inputting the same into the Bank’s system

Maintaining accuracy with regards to application of interest rates, commission, charges and various types of fees

Preparing instructions for provisioning of accounts, customer grade changes, suspension of interest changes and write-off entries

Preparing Facility Summary Sheet and sharing copies of Loan Agreements to Loan Middle Office for processing Loan Draw Downs, repayment changes, loan settlements and recovery of various Fees & Income

Carrying out monthly activities such as review of limits in GLCMS and Core Banking System (T24), amendment of overdraft interest rates as applicable

Encoding up to date interest rates codes in the Bank’s system

Preparing Monthly Activity Report on rotation illustrating the total volume of transactions processed by the department in each month

Periodically reviewing the Standard Operating Procedures (SOPs) for Credit Administration Department and providing suggestions to make them more robust from a risk and control perspective

Completing the annual Risk and Control Self-Assessment (RCSA) for CAD USA

Ensuring the timely closure of internal and external audit observations

Updating the annual business continuity plan for CAD USA

Preparing and analyzing various reports requested by the Unit Head/Ho CAD/Senior Management

Preparing accurate and timely internal and regulatory reporting

Ensuring completion of mandatory training requested by the Bank from time to time

Qualification

Credit AdministrationLegal DocumentationFinancial ReportingRisk AssessmentTeam CoordinationAnalytical SkillsCommunication Skills

Required

Bachelor's degree in finance, Accounting, Economics, Commerce or any relevant discipline

Minimum 7-8 years with at least 5 years of experience in Credit Admin function and legal documentation within a Financial Institution, preferably with international experience across multinational banks, extensive experience and involvement in credit approval process

Company

First Abu Dhabi Bank (FAB)

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.

Founded in 1979

Dubai, Dubai, ARE

1001-5000 employees