12 Oct
First Abu Dhabi Bank
Abu Dhabi
Company Description:
Now it’s your time to join the #1 bank in the Middle East and one of the most prestigious financial companies in the region. Shaking up the world of banking requires a lot of smarts and skill. We’re looking for the brightest and best to help us reach our goals and we’ll also help you reach yours.
Your success is our success as you grow stronger in your career. Join us and leave a legacy of your own, as a pioneer in both the company and the industry.
Job Description:
JOB PURPOSE:
Conduct initial in-depth credit assessment of credit applications seeking financing for large residential and/or commercial real estate. This portfolio consists of 700 plus accounts with a portfolio value of AED 12 Billion and growing.
The job role includes providing support to the Credit Managers, head of underwriting, senior underwriting, and head of policies, and to the head of real estate credit, mainly focusing on performing technical credit applications assessment, updating the senior management checklist for approvals, and other admin tasks for the underwriting process.
KEY ACCOUNTABILITIES:
1. Review loan proposals and related documents submitted keeping in mind the approved credit policies, procedures, and market dynamics to produce high-quality credit assessment memos for underwriting purposes.
2. Adhere to & comply with departmental policies, standard operating procedures, and practices so that the work is carried out in a smooth & methodical manner.
3. Exhibit consistency with the organization’s values and ethics always to demonstrate a value-driven culture within the bank.
4. Contribute towards continuous improvement and sustainability of policies, systems, processes,
and methods in line with changing needs and requirements to efficiently carry out the duties.
5. Have an in-depth understanding of regulatory and internal retail bank policies.
6. Exhibit good communication & writing skills when preparing & submitting credit proposals to approving authorities within the Bank.
7. Back-up to the credit manager(s).
Job Context:
1. Initial review of credit applications received from various business units efficiently and within the agreed SLA’s & ensuring all documents are complete. Gather collateral and other related data.
2. Contact respective RMs to gather any required or missing documents/data.
3. Perform all internal credit checks required to verify customer’s creditworthiness.
4. Assist Credit Managers in other credit-related tasks i.e.,
Restructuring/Rescheduling/Deferrals/Waiver/Excess Fund Release & Release of Mortgage.
5. Diarize and follow up with RMs on submission of annual reviews.
6. Ensure that all approved loans and proposal-related documents are complete and shared in the public folder to safeguard against any missing or misplaced documents.
7. Regular review of existing loan conduct and coordinate with the rental monitoring team on rental routing and PMC issues.
8. Uploading received cases in the Tracker and ensuring it is updated on a daily basis & monitor the status of the active cases.
9. Ensure completion of the required MIS as required on an ongoing basis.
10. To be able to work under pressure without compromising on quality.
11.
To perform any additional job-related tasks/projects as and when assigned by Line Manager/Credit Manager.
Qualifications:
Qualification:
1. Minimum Education required: Minimum Bachelor’s degree preferably in Finance/Banking/Commerce.
Minimum Experience:
1. 5 years’ relevant experience in credit/credit administration and/or banking experience.
2. Time-management skills.
3. Advanced financial and credit analysis knowledge and skills.
4. Communication & interpersonal skills. Ability to communicate with various internal customers, including several coverage counterparties, credit administration team,
etc.
5. Detail-oriented team player with a strong understanding of Real Estate markets and credit underwriting skills.
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▶️ Specialist- Credit - Real Estate (Emiratised)
🖊️ First Abu Dhabi Bank
📍 Abu Dhabi