The posting
Job Description
Job Purpose:
The job exists to conduct detailed credit assessment and preparation of credit appraisal memos for financing against various types of properties in UAE; to manage the overall health of the allocated portfolio and to guide and lead a small team of credit analysts.
Key Accountabilities:
- Review, analyse & assess loan proposals keeping in mind the approved credit policies, procedures and market dynamics to produce high quality of credit assessment memos for underwriting purposes.
- Approve credit requests in line with any delegated credit authority, where allowed.
- Manage the allocated portfolio of clients in terms of timely annual reviews, monitoring delinquencies, early warnings, adherence to covenants, documentary deferrals etc and actively engage with the respective business counterparts on regular basis to address any credit related issues for the allocated portfolio.
- Actively participate in any digitisation and automation based projects and represent Group Credit in the respective project teams and/or lead any such initiatives within Group Credit Business Banking.
- Given the High Networth and sensitive nature of the clientele, actively engage with the senior business counterparts (Area Managers/Executive Directors etc) to ensure that the proposed facility is adequately structured to meet the clients’ expectations within the bank’s underwriting standards.
- Accompany the business counterparts to client meetings and to develop better understanding of the client and the proposed credit facility.
- Adhere to & comply with departmental policies, standard operating procedures and practices so that the work is carried out in a smooth & methodical manner.
- Exhibit consistency with organization’s values and ethics at all times to demonstrate a value driven culture within the bank.
- Contribute towards continuous improvement and sustainability of policies, systems and processes in line with changing needs and requirements.
- Have in-depth understanding of regulatory and internal bank policies.
- Exhibits good communication & writing skills when preparing & submitting credit proposals to approving authorities within the Bank.
- Guide and train a small team of credit analysts for credit underwriting.
Job Responsibilities:
- Analyse clients audited financial statements/bank statements/Rental Roll Reports/ Collateral details etc and assess clients’ credit history/credit reports/ system checks in line with the bank’s lending standards.
- In depth analysis of borrower’s financial ratios like profitability, solvency, cashflow, debt service coverage ratios etc in order to produce error free underwriting and ensuring that the borrower has sufficient repayment capacity to repay the proposed loan facilities.
- Review & analyse valuation reports of the underlying properties in the context of prevalent market conditions.
- To work out the credit risk rating and check RAROC of the customer as per the bank’s portals.
- Ensure completeness & accuracy of documentation submitted with the credit request in order to avoid fraud and/or delinquency in the future.
Ensure compliance to the bank’s credit underwriting policies and address any exceptions to the policy.
- Perform portfolio management activities in terms of pastdue monitoring, breach of covenants, stress testing etc.
- To review the excess rental release request of the clients taking into account the available and expected rental cashflows.
- To work in co-ordination with other stakeholders such as Business Units, Credit Administration, Collections, Operations etc. to streamline any issues affecting the credit facilities.
- Review/Approve deferral or waiver requests by the customers in the context of credit risks involved.
- Ensure that all loan applications and service requests are dealt with efficiently within the agreed SLAs.
- Ensure completion and maintenance of the required departmental MIS as required on ongoing basis.
- Ensure that all the approved loans and proposal related documents are complete and stored in the common folder/system to safeguard any missing or misplaced documents.
- To be able to work in pressure conditions without compromising on the credit underwriting quality.
- To perform any additional Job-Related tasks/projects as and when assigned by Line Manager.
Qualifications & Experience:
- Bachelor’s degree preferably in Finance/Banking/ Commerce.
- Minimum 15 years in Credit and/or related banking experience.
About Us
About Us:
First Abu Dhabi Bank (FAB) is the largest bank in the UAE and one of the world's largest and safest financial institutions. We offer a comprehensive range of personal and private banking services, including credit cards, Islamic banking, investments, loans, and mortgages. Our commitment to excellence and innovation drives us to provide top-tier financial solutions to our clients.
Life at FAB:
Working at FAB means being part of a team of talented and passionate individuals with a shared vision to support the ambitions of our stakeholders to "Grow Stronger." We embrace the needs of our customers across the globe with a sense of responsibility and confidence driven by extensive expertise that can only be delivered by an ambitious world-class organization
Career Development:
FAB offers unique career choices, a chance to innovate, craft solutions for the future, and express yourself in a performance-based culture that will unleash the best in you. Whether you are an experienced professional or just starting your career, FAB provides a range of learning and development initiatives to support all employees through training and skill development.
Our Values:
At FAB, we place our customers at the core of our activities, live our values each day in every way, celebrate achievements, and empower each other to deliver leading solutions. We have structured plans for the recruitment and career progression of Emirati talent to enable them to make a mark in the financial and banking sector both regionally and globaly that rewards your hard work and dedication.
Join our team and be part of a journey to shape the future of banking.
