Restructuring Specialist

ADIB Group; Abu Dhabi; On-site; AED 200,000 - 300,000; Full time

Job summary

A financial institution in Abu Dhabi is seeking a Restructuring Specialist to manage classified assets and maximize recoveries. The ideal candidate will have at least 10 years in the banking sector, including 5 in restructuring. Responsibilities include overseeing restructuring activities, developing strategies, producing credit proposals, and ensuring compliance with regulations. This role requires strong analytical, presentation, and negotiation skills, along with a Bachelor's degree in a related field.

Qualifications

• Minimum 10 years of experience in the banking/financial sector.
• 5 years in Special Assets/Restructuring and Workouts.
• Experience in credit and financial analysis.

Responsibilities

• Manage restructuring and/or settlement activities until completion.
• Develop strategy for each relationship under management.
• Produce credit proposals analysis and recommendations.

Skills

Analytical skills

Presentation skills

Negotiation skills

Ability to work under pressure

Team player

Education

Bachelor's Degree in Business Administration/Finance/Accounting

Job description

Overview

Description

Role : Restructuring Specialist

Location : ADIB - HQ Abu Dhabi

Role Purpose: Manage identified classified assets to minimize loss and maximize recoveries by adapting appropriate workout solution.

Responsibilities

• Conduct monitor and steer overall restructuring and/or remedial and/or settlement activities (workout) until completion for relationships under management.
• Develop/review strategy for each relationship under management and confers the same with line manager and/or Head of GSAM to ensure effective adherence to approved workout strategy.
• Produce credit proposals analysis and recommendations on the best way to manage distressed accounts through workout in order to maximize recovery.
• Attend all internal and external audit issues promptly to comply with Banks policies and Central Bank regulations.
• Maintain updated data/statistics for accounts under management and complete files (including documentation contracts securities with respective credit/Legal/Sharia approvals).
• Ensure well-ordered and effective housekeeping portfolio with no overdue and expired items.
• Propose legal action wherever necessary and coordinate with internal and external legal counsel to identify the appropriate legal strategy and follow up on the legal proceedings for the cases in litigation within the assigned portfolio.
• Review preemptively the classification and provision level of the accounts and propose amendment where necessary in line with the Banks Credit Loss Provisioning Policy.
• Provide input for improvement of systems processes and practices while considering best practices and any changes in the business environment which demand proactive action plans.
• Coach junior team members in order to improve their competencies to reach next level.
• Report and update the status of the assigned portfolio regularly to maintain quality and standards of the Bank.
• Ensuring that key decisions with significant impact on the Bank and/or GSAM Department are always referred to the Head of GSAM.
• Comply with laws rules regulations including but not limited to AML OFAC/ sanctions and reporting suspicious activities.
• Strict adherence to Sharia principles and the values of the bank

Specialist Skills / Technical Knowledge

• Capable of analyzing situations strategize and select best course of action.
• Experience in developing markets.
• Ability to work as part of a team or alone.
• Good presentation and negotiation skills.
• Ability to work under stiff target work pressure rightly prioritizes and delivers results.
• Ability to align Risk Mitigants and Business Objectives to support recovery objectives.
• Team player able to work within a group and promote cross functional environment.

Experience & Qualifications

• Bachelors Degree in Business Administration /Finance/Accounting or equivalent specialization.
• 10 years of workexperience in banking/financial sector out of which 5 years should be in Special Assets/Restructuring and Workouts Debt Advisory M&A Advisory.
• Previous experience in credit and financial analysis project finance departments
• Knowledge of Islamic / Sharia compliant banking products/practices would be an added advantage.

Required Experience

Unclear Seniority