JOB PURPOSE

To facilitate the setup of new agency roles, co-ordinate with internal teams on borrower requests and monitor initial disbursements, collection and repayment, prepayments, payment of interest, commissions and fees to ensure all conditions are met and funds can be dispersed

ACCOUNTABILITIES

Customer On Boarding: Create new agency Client Identify Data (CID) and prepare control and monitor sheets to ensure required records are in place for all new customers\xe2\x80\x99 facilities. Complete facility agent and security agent activities to ensure drawdowns, roll overs, remittances are within agreed turnaround times (TATs) and compliance of documentation under the facility agreements

Condition Precedents: Complete all activities to ensure condition precedents are met, fees are paid and notification is received from the facility agent to enable disbursement of funds

Covenants: Ensure information covenants are distributed to the Lenders when received from the Borrowers, updating internal systems to ensure accuracy of data recorded. Complete diligent follow ups and passing of information to all parties when in breach to ensure all are up-to-date and aware of potential issues

Rollovers: Action all rollovers and payments as notified by the facility agent within agreed TATs and ensure Secured Overnight Financing Rate (SOFR)/ Emirates Interbank Offered Rate (EBOR)/Euro Interbank Offered Rate (EURIBOR) are in line with rate fixing for the interest period as provided by ADCB Treasury or specified in the facility agreement to ensure all conditions are met and funds can be dispersed

Efficiency: Provide valuable feedback to the processes and policies of the department based on the actual work experiences in order to improve the efficiency of the department

Policies, Processes, Systems and Procedures: Adhere to all relevant organisational and departmental policies, processes, standard operating procedures and instructions so that work is carried out to the required standard and in a consistent manner while delivering the required standard of service to customers and stakeholders

Self-Management: Manage self in line with the Bank\xe2\x80\x99s people management policies, procedures, processes and practices to ensure adherence and to maximise own contribution to business performance

Customer Service: Demonstrate Our Promise and apply the ADCB Service Standards to deliver the Bank\xe2\x80\x99s required levels of service in all internal and external customer interactions

Skills

EXPERIENCE, QUALIFICATIONS & COMPETENCIES

Minimum Experience

At least 4 years of experience of legal documentation and interest/fee calculations

Minimum Qualifications

Bachelor\xe2\x80\x99s Degree in relevant specialisation

Knowledge and Skills

Microsoft Office (Word, Excel and PowerPoint)

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