Credit operations

Direct message the job poster from TASC Outsourcing

Senior Manager - Credit Operations

• Type - Outsourced
• Contract Duration - 12 months (Extendable)
• Work Location - Dubai

Mandatory - Minimum of 5 years Experience in Corporate/Retail banking

Key Responsibilities

• Transaction Management - Manage day-to-day credit operations including loan drawdowns, settlements, overdraft PPC discounting/dropping, and profit rate updates.
• Fee Processing - Process all types of fees (management, processing, commitment, one-off) and update facility limits as per Facility Offer Letters (FOL).
• Deposit & Letter Handling - Handle release of fixed deposits, issuance of liability/no-liability letters, and update extensions, deferrals, and instalment deferments.

Facility & Limit Monitoring

• Monitor validity of facilities and update expired limits in the system.
• Verify finance credit limits and collateral against assigned thresholds.

Documentation & Compliance

• Review security documents prior to disbursement and confirm borrowing powers.
• Prepare and review Facility Offer Letters, security documentation, and supporting documents to ensure completeness and compliance with company policies, Central Bank regulations, and Shari'a requirements.
• Draft and review Letters of Intent, Murabaha agreements, and registration letters for Auto Finance.
• Obtain and retain approvals from relevant authorities for deferrals or waivers of incomplete documentation.
• Ensure timely and accurate lodging of security documents in line with Standard Operating Procedures (SOPs).

Stakeholder Coordination

• Liaise with internal departments to ensure seamless delivery of services to corporate clients.
• Provide operational support to relationship managers and credit teams for smooth facility release.

Regulatory & System Updates

• Update CBRB records for borrowing and non-borrowing customers, including removal of obligors for closed/settled accounts.

Regards

TASC Recruitment Team