Job closed
Ref: LP452-283
Job description / Role
Responsible for the monitoring and compliance of the ADCB Syndication portfolio of +/-AED46BN
Co-ordination of drawdown, rollover requests submitted by the Facility Agent.
Collection of repayments from the Facility Agent and allocation thereof to the loan account.
Reporting of fees collected and due where ADCB is a participant
Monthly syndicated portfolio management information
Main Tasks and Responsibilities
• Review and provide comments on draft Facility Agreements from an Operational perspective as required
• Ensure conditions precedents have been met and notification received from the Facility Agent
• For all new syndications for SCD, FID, BBG and GOV obtain a new CID and prepare the control/monitoring sheet for the facility.
• Ensure fees as specified in the facility agreements are paid at the time of drawdown.
• Ensure fees are collected annually as specified in the facility agreement.
• Arrange for disbursement of funds to Facility Agent.
• Vetting of drawdown notices ensuring CP Compliance.
• Ensure all rollovers & repayments as notified by the Facility agent are in a timely manner and that LIBOR/EBOR rates are in line with rate fixing for the interest period as provided by ADCB treasury or as specified in the facility agreement.
• Notification of intention to Agent Bank to invoke clauses, such as market disruption
• Notification to Agent Bank of any default, actual or potential, relating to compliance with covenants/information undertakings and other terms of the agreement.
• Tracking and collection of conditions subsequent/information undertakings from the Facility Agent and distribution thereof to the Business unit.
• Provide monthly reports fees due to be received within the next 30 days for all syndications where ADCB is the facility agent.
• Portfolio reporting on a monthly basis
Requirements
Minimum Education Level
High School Diploma/Bachelors
Professional Qualification
Higher Diploma in Finance is desirable (e.g. CPA/Diploma in Business administration)
Experience
Minimum 5 years banking experience.
An understanding of Legal documentation.
An understanding of Trade Finance is desired.
Organisational & strong time management skills.
Proficiency in Microsoft word and excel
Conscientious & methodical approach.
Ability to work under pressure
About the Company
ADCB is a full-service commercial bank offering a wide range of products and services such as retail banking, wealth management, private banking, corporate banking, commercial banking, cash management, investment banking, corporate finance, foreign exchange, interest rate and currency derivatives, Islamic products, project finance, and property management services.