Assistant Manager – Remedial & Workout – Commercial Bank of Kuwait – Kuwait


– Ensure receipt of approval from the Credit Committee for transferring irregular and offloaded Corporate and IBD accounts to the Remedial & Workout Department.


– Ensure all documents pertaining to irregular accounts are acquired from CCD/IBD respectively, and create individual case files.

– Work in close coordination with Credit Administration Department (CAD) and legal department about all Legal and operational follow-ups.

– Manage and perform follow-up procedures relating to the recovery of the outstanding balances with the Customer.

– Develop constructive ideas to increase recovery

– Coordinate with other creditors towards formulate a settlement plan for syndicated clients.

– Prepare and present to management settlement/restructuring proposals for approval.

– Communicate the approval & obtain suitable documentation from clients.

– Ensure that the lines are made available & the facilities processed as per approvals.

– Effect day to day management of the account with regard to various financing vehicles.

– Ensure compliance of the terms of approval throughout the facility usage/settlement tenor.

– Responsible for obtaining and maintaining the collateral coverage and other covenants as per the approval.

– Ensure day to day monitoring of the account relationship and initiating appropriate measures if and when required vis-à-vis changes in financial position, economic trend, business environment, legal status.

– Responsible for the timely recovery and debt servicing.

– Handle interim requests of customers for changing/amending facilities as appropriate.

– Meet with the Company’s owners, Directors, Financial Managers, etc… in order to build a strong relationship.

– Visit clients’ offices, factory, warehouses, etc. to ensure authenticity and legitimacy of the business.

– Report to Manager on the status with appropriate timely recommendations.

– Daily contact the customer to regularize the position.

– Review and approval of day-to-day transaction regarding approval of L/Cs, L/Gs, and other required transactions.

– Transactions processing, ensure error free review.

– Eliminate internal audit points.

– Perform any other job as requested by Management.

 

Key Performance Indicators (KPI’s):

 

– Maintain a healthy portfolio of accounts assigned to him/her.

– Reduce Non-Performing Loans and associated provisions.

– Reduce/eliminate backlog of new assignments.

– Reduce past-due loans and overdrawn/over limit accounts.

– Reduce customer complaints.

– Achieve profitability and growth targets set for him by his Supervisor.

– Contribute to the cross-selling of other products promoted by other divisions/departments of the Bank.

– Timely delivery of tasks and prompt attendance to clients’ requests.

Job Details

Posted Date: 2019-12-05
Job Location: Al Kuwait, Kuwait
Job Role: Other
Company Industry: Banking

Preferred Candidate

Career Level: Mid Career
Degree: Bachelor’s degree

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