• Assistant Manager - Remedial & Workout Jobs in Kuwait City - 25672475

  • Commercial Bank of Kuwait
  • Kuwait City
  • Save Job
  • 5 - 10 Years
  • Posted : above 1 month

Job Description:

- Ensure receipt of approval from the Credit Committee for transferring irregular and offloaded Corporate and IBD accounts to the Restructuring and Follow-up Unit

- 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--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 Companys 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 (KPIs)

- 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



- University Degree in Commerce and Finance or Accounting

- Knowledge about the economy, market condition and local Commercial Laws & regulations

- Investments literate, awareness of stock market, Private Equities, Mutual funds, etc

- Knowledge of Credit products

- IT literate

- Awareness of legal procedures (added value)


- Negotiations skills

- Capable of dealing with critical / difficult customers

- Ability to originate / develop constructive ideas to increase recovery

- Risk assessment skills

- Credit Restructuring skills

- Presentation skills


- Prior 5 10 years experience as a Senior Credit Analyst or Senior Credit Officer/Relationship Manager/Credit manager

Job Details Job Location Al Kuwait, Kuwait

Job Role Other

Employment Status Full time

Employment Type Employee

Number of Vacancies 1

Preferred Candidate Career Level Mid Career

Years of Experience Min 5 Max 10

Residence Location Kuwait

Degree Bachelors degree

Profile Summary:

Employment Type : Full Time
Eligibility : Any Graduate
Industry : Financial Services/Stockbroking, Banking
Functional Area : Accounting/Tax/Company Secretary/Audit
Role : Cost Accounting/ ICWA
Salary : As per Industry Standards
Deadline : 15th Jul 2020

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