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July 19, 2019
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Home » Job Feeds » Assistant Manager – Remedial & Workout at Commercial Bank of Kuwait – Al Kuwait

Assistant Manager – Remedial & Workout at Commercial Bank of Kuwait – Al Kuwait

Job Description

– Ensure receipt of approval from the Credit Committee for transferring irregular and offloaded Corporate and IBD accounts to the Restructuring and Follow-up Unit.- Ensure all documents pertaining to irregular accounts are acquired from CCD/IBD respectively, and create individual case files.- Work in close coordination with Credit Administration Department (CAD) and legal department about all Legal and operational follow-ups.- Manage and perform follow-up procedures relating to the recovery of the outstanding balances with the Customer.- Develop constructive ideas to increase recovery- Coordinate with other creditors towards formulate a settlement plan for syndicated clients.- Prepare and present to management settlement/restructuring proposals for approval.- Communicate the approval & obtain suitable documentation from clients.- Ensure that the lines are made available & the facilities processed as per approvals.- Effect day to day management of the account with regard to various financing vehicles.- Ensure compliance of the terms of approval throughout the facility usage/settlement tenor.- Responsible for obtaining and maintaining the collateral coverage and other covenants as per the approval.- Ensure day to day monitoring of the account relationship and initiating appropriate measures if and when required vis-à-vis changes in financial position, economic trend, business environment, legal status.- Responsible for the timely recovery and debt servicing.- Handle interim requests of customers for changing/amending facilities as appropriate.- Meet with the Company’s owners, Directors, Financial Managers, etc… in order to build a strong relationship.- Visit clients’ offices, factory, warehouses, etc. to ensure authenticity and legitimacy of the business.- Report to Manager on the status with appropriate timely recommendations.- Daily contact the customer to regularize the position.- Review and approval of day-to-day transaction regarding approval of L/Cs, L/Gs, and other required transactions.- Transactions processing, ensure error free review.- Eliminate internal audit points.- Perform any other job as requested by Management. Key Performance Indicators (KPI’s): – Maintain a healthy portfolio of accounts assigned to him/her.- Reduce Non-Performing Loans and associated provisions.- Reduce/eliminate backlog of new assignments.- Reduce past-due loans and overdrawn/over limit accounts.- Reduce customer complaints.- Achieve profitability and growth targets set for him by his Supervisor.- Contribute to the cross-selling of other products promoted by other divisions/departments of the Bank.- Timely delivery of tasks and prompt attendance to clients’ requests.

Skills
Knowledge – University Degree in Commerce and Finance or Accounting- Knowledge about the economy, market condition and local Commercial Laws & regulations- Investments literate, awareness of stock market, Private Equities, Mutual funds, etc.- Knowledge of Credit products- IT literate- Awareness of legal procedures (added value).  Skills- Negotiations skills- Capable of dealing with critical / difficult customers- Ability to originate / develop constructive ideas to increase recovery- Risk assessment skills- Credit Restructuring skills- Presentation skills Experience – Prior 5 – 10 years experience as a Senior Credit Analyst or Senior Credit Officer/Relationship Manager/Credit manager

Job Details

Job Location
Al Kuwait, Kuwait

Company Industry
Banking

Company Type
Employer (Private Sector)

Job Role
Other

Employment Type
Full Time Employee

Monthly Salary Range
Unspecified

Number of Vacancies
1

Preferred Candidate

Career Level
Mid Career

Years of Experience
Min: 5 Max: 10

Residence Location
Kuwait

Degree
Bachelor’s degree / higher diploma

Click here to apply

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