Job Position: Assistant Manager – Restructuring & Follow Up
Job Description: Commercial Bank of Kuwait – Kuwait City – – 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-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 r…see more details
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