Corporate Limits Officer

GENERIC GM ACCOUNTABILITIES

People management Develop, motivate and coach people in line with succession & career planning requirements 

SPECIFIC ACCOUNTABILITIES

Prepare portfolio documentation perfection (limit less EGP 20 Million and its equivalent)

Document analysis:

(To minimize credit risk and expedite the credit approval terms and conditions implementation on the core system.)

• Receive credit applications after credit committee’s approval.
• Check approved terms & conditions against the credit policy of ABK and CBE regulations

Document preparation:

(To ensure the perfection of on hand documents to save the bank rights.)

• Prepare check list for the required documents to be sent with each credit approval to the CBD & SMEs to prepare the required documents to be signed by the clients
• Separate the on hand documents in the check list and get the legal approval on the documents validity or get new documents based on the legal department opinion.

Documentation completion

(To ensure the perfection of on hand documents to save the bank Collaterals and securities).

• Ensure received documents from legal department to be submitted after prepare the check list as per credit approval terms and conditions.
• Following up obtain Credit Risk officers opinion regarding any financial term as per credit approval terms and conditions.
• Following up obtain the legal department opinion concerning perfection of documentation.
• Following up obtain any missing document or credit approval term and condition.
• Following up obtain the insurance consultant about the validity of the insurance policies to save the bank securities.
• Receive copy of the POA to mortgage and mortgage contracts from the legal departments to save the Bank collaterals.
• After fulfill the clients signature ensure verification and fulfilling the terms and conditions of the credit approvals before issue the permission of utilizing the facilities for all credit facilities clients regardless the amount of utilization.
• Ensure all legal original Documents such as (Commercial register, BOD, Company contract, company contract amendment, etc.,…. )
• Review the drafting of documentation through legal counsel for Syndication deals.(mathematical perspective)
• Ensure perfection of security documentation like Joint Pari Passu charges, Rank.
• Review document Deficiencies in context to approvals
• Prepare overdraft/finance documents as per approvals and all kind of syndicated loans
• Receive that obtained original legal documents are consistent with credit approval.
• Ensure that the documentation including periodic reviews of loan and security documents
• Receive all securities required by the credit approval terms and conditions have been obtained prior to utilization of facilities.
• Issuing permit Memo to all concerning departments in ABKE to insert the limits
• Ensure that all credit transactions (LC's,LG's,..etc) are within approved terms, conditions & operating structure unless otherwise appropriate credit approval is obtained.
• Ensure that security documents, limits, collaterals & guarantees to be released after full settlement of the outstanding.
• Arrange for Safekeeping of Collaterals and Documents and Update the Concerned Reports and that Collaterals Register is up to date.
• Submit to the archiving unit original documents and keep a copy of the utilization permit and relevant documents.

Other general accountabilities

• Follow up for post fact terms and conditions including financial covenants target date and compliance letter for syndication loans to ensure safeguard the bank collaterals and securities and that all credit approval terms and conditions are in place.
• Follow up status for pending documents to ensure expedite implementation of credit approvals on the core system after issuing the utilization permit.
• Receive updated commercial registries for Corporate & SMEs & verify their data with signed on hand doc to comply with CBE requirements.
• Receive the undertaking of clients have facilities from Kuwaiti Banks to ensure compliance with Head Office reporting.
• Follow up receiving new PNs before maturity date of dated PNs.

Education:

• Bachelor Degree of related discipline

Knowledge:

• Good  understanding of Credit Control function  & Documentation management
• Knowledge of  Documentation review

Experience:

• 1 - 3 years’ experience in Credit Documentation team in a bank
• Experience of Documentation review & it's related functions