Credit Administration Assistant

Job description / Role

The Company
Established as one of Bahrains top locally owned Banks, our client was set up over 60 years ago and now has over 500 employees. They have a major share of the domestic banking market. Our client is urgently looking for a Credit Administration Assistant for their Riyadh Branch.

Duties & Responsibilities:
Coordinating with Credit Manager to resolve irregularities in transactions.
Timely review all corporate loan proposals, in accordance with set procedures for receiving, processing, checking.
Reviewing all credit documents, ensuring all necessary procedures/ calculations have been taken with regards to loan draw-downs, rollovers, repayments, interest rate fixing, fees collection and payment scheduling, red flag any deficiencies for correction or rejection of corporate credit proposal.
Follow up on missing documentation with the concerned RM.
Ensuring all security / support documentations have been properly executed, signatures are verified and authenticities of the signatories are supported by resolution.
Preparing, reviewing, circulating documentation deficiency (expired / deferred documents) reports and following up for its timely submission / renewal.
Ensuring all documents are kept safe in the vaults and a checklist maintained in the credit file.
Prepare confirmation letters.
Monitor all blocked fixed deposits taken as security.
Ensure all papers related to consumer banking customer (loans/flexis) credit files/ documentation files are filed and kept in a neat manner.
Maintain high standard of credit administration (correspondence, insurance etc.).
Ensure covenants are followed up with facility agents and deviations if any are highlighted in credit reviews.
Assist internal, external and SAMA auditors at the time of review.
Prepare / complete availment tickets and forward the same for the required approval.
Lodge the documents after completion of the required formulations, i.e., signature verification, microfilming, etc.
Obtain and answer bank checking.
Prepare credit related repots and submit the same within the stipulated time limit to management and H.O., as follows:
- Monthly Reports:
1. Accounts Status & Pending Items Report.
2. Credit Risk Report (BD250M and above).
3. Credit Risk Report (Below BD250M).
4. CA Approved Jointly by GM and GM-Risk.
5. Compliance Group Report.
6. Loans Rescheduling.
7. Pending Documentation.
8. Production Plan.
9. Loan Against PDCs.
10. Facilities secured by pledge over Shares.
11. AACP Status Report.
12. Covenants & Requirements Report
13. Documentation Deficiencies status Report.
- Quarterly Report:
1. Retail Banks'/Financing Companies' Exposure to Real Estate.
Ensuring all flexi credit outstanding are advised to the insurance companies every month end ensuring insurance premiums relating to consumer banking customers (loans / flexi credit) are paid on due dates.
All paid files are marked cancelled and removed from the current section on a half yearly basis.
Attend to any other assignment given by Credit Manager.
Update TC/4 system for market value and loanable value of securities as well as add new obtained securities.
Send documents for scanning and check and verify them when returned back.

Requirements

Qualifications & Experiences:
Accounting graduate with 2 to 5 years experience in banking or financial institution and relevant certifications
Good knowledge of P.C. and relevant software
Excellent command of English

About the Company

Propel Consult delivers a service in step with the needs of both our client companies and candidates. Our ability to add value to all levels of recruitment stems from our wholehearted belief in providing a professional service to both parties. We have built relationships with many leading indigenous and mulitnational organisations throughout the Middle East and internationally in countries such as UAE, Qatar, Saudi Arabia, Oman, Bahrain, Kuwait, Egypt and many more. Concentrating our resources has created 5 distinct specialist divisions:

• Banking & Finance
• Human Resources
• Oil & Gas
• Construction
• Architecture & Engineering