Specialist- Documentation CMB & PL - AUH (Emiratised Role)

First Abu Dhabi Bank; Abu Dhabi; On-site; AED 120,000 - 200,000; Full time

Job summary

A prominent banking institution in Abu Dhabi is looking for a Credit Documentation Officer. The role involves preparing and vetting documentation for credit facilities, ensuring the authenticity of security documents, and maintaining accurate collateral data. Ideal candidates should hold a Bachelor's degree in accounting/Finance, possess 1-3 years of experience in Corporate Banking, and have strong knowledge of banking software and UAE regulations. This is a full-time on-site position.

Qualifications

• 1-3 years experience in Corporate Banking.
• At least 1 year experience in Corporate CAD function.

Responsibilities

• Prepare and check documentation for credit facilities.
• Ensure enforceability of security documents.
• Maintain up-to-date collateral data in the Bank's system.
• Authorize security documents in the Bank's system.

Skills

Knowledge of banking software systems

Basic PC skills

Excel

Word

Good English language proficiency

Knowledge of Bank's financial system

Understanding of Banking Products

Knowledge of U.A.E. legal environment

Team worker

Attention to details

Education

Bachelor's degree in accounting/Finance

Job description

JOB PURPOSE:

The role is responsible for preparing, checking, and vetting of documentation relating to credit facilities and accurate detailing before inputting the same into the Bank's system. Further, he/she is responsible for ensuring the enforceability/authenticity of the security documents executed by the customers.

KEY ACCOUNTABILITIES:

• Preparing/Reviewing the prepared in-house Bank standard Facility Offer Letter/Term Loan Agreement internal legal negotiated Facility Offer Letter/Term Loan Agreement security/support documentation in accordance with the credit approvals.
• Ensuring all security/support documents lodged for in-house documentation have been properly executed and signatures are verified and authenticities of the signatories are supported by resolution/POA.
• Ensuring rectification of existing discrepancies/deficiencies in security documentation for facilities released under legacy records.
• Ensuring approval from relevant authorities is held for deferral/waiver of incomplete documents.
• Checking documentation deficiency (expired/deferred documents) reports and following up for its timely submission/renewal.
• Maintaining up to date collateral data in the Bank's system.
• Performing periodical clean-up of old and obsolete security documents to keep updated/valid security documents in the security folder.
• Verifying and confirming periodically at the renewal of credit lines all required security/support documents are lodged in the Bank's system.
• Ensuring all security documents are kept safe in the vaults and a checklist maintained in the file.
• Authorizing security documents/collaterals in the Bank's system.
• Reviewing/verifying approvals obtained for permanent release of collaterals security documentation and ensuring there are no liabilities or outstanding and facilities are cancelled.
• Supporting in creation/release/amendments of securities/mortgages/charges/registrations with local government authorities and free zone authorities in various Emirates as per Bank's POA holders.
• Advising Credit Control Unit for release of credit lines in the Bank's system.

Qualifications:

Bachelor's degree in accounting/Finance. 1-3 years experience in Corporate Banking with at least 1 year experience in the Corporate CAD function.

Skills:

• Knowledge and use of banking software systems, basic PC skills, and common MS applications like Excel and Word.
• Good knowledge of English language (both written and spoken).
• Good knowledge of Bank's financial system.
• Very good knowledge of Banking Products/Corporate Credit Administration functions.
• Good knowledge of U.A.E. legal environment & Central Bank regulations.
• Team worker, ability to work under pressure, fast learner, attention to details.

Remote Work:

No

Employment Type:

Full-time