Job closed
Ref: KP709-233
Job description / Role
A leading financial institution in Dubai seeks a VP level for Remedial Management. The corporate remedial management function is to identify, measure and monitor the Corporate and SME portfolios and ensure minimizing losses and maximise Bank’s revenue.
Job Description:
• Develops and implements workout strategies for CBNA - Commercial Banking and Commercial Real Estate Finance
• Performs initial evaluation of assigned accounts, including business issues, likely loss or recovery, and documentation deficiencies, if any.
• Coordinates the retention of legal counsel and manages the relationship on an ongoing basis, including directing the parties' involvement in the workout and managing fee expenses.
• Manages account on an ongoing basis until workout is complete and account is resolved via payment (in full or as a compromised settlement), bankruptcy plan is approved, returned to the originating business unit, liquidated, or abandoned.
• Interacts with the clients, review financial statements and appropriate financial analysis, and negotiates any changes in documentation or terms and conditions of loan.
• Advises originating business and risk management of progress of the workout.
• Participates in periodic reviews held by Remedial Management, Risk Management, and the various businesses.
Requirements
• Bachelors Degree in finance or accounting (MBA a plus)
• 5-7 years Commercial underwriting/workout experience
• Knowledge of UAE legislation in relations to collection and recovery
• Bank credit training program (preferred)
• Work well within a team environment with varying deadlines
• Specialized skills: workout experience, bankruptcy, real estate finance, and computer literacy.
About the Company
Building businesses, changing lives
At Tandem, we’ve built a vast network of top-tier professionals across the globe. We empower businesses to thrive by delivering unmatched talent solutions. With our global reach, collaborative approach, and unwavering commitment to excellence, we drive transformative growth and shape exceptional teams.
Who we are.
We are a team of industry experts, driven by a passion for innovation and excellence. We are dedicated to providing unique talent solutions and nurturing collaborative partnerships that redefine success.