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Loan / Credit Officer

Company: DISYS
Location: Baltimore
Posted on: September 17, 2020

Job Description:

Position Details: Work Location: -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- Washington DC Job Title: -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- Credit Administration officer Duration: -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- Contract to hire -- The role is responsible for carrying out all the activities related to Credit Administration Function in USA. -- The Group Credit is a credit organization that enables a balanced business growth of Client Bank PJSC's business segments, meets the service aspirations of all our customers and remains an independent assurance provider of credit quality through the possession of sound credit risk, product and market knowledge. CAD-International Unit is responsible for managing and controlling the Documentation, Credit Control and MIS related activities for CIB business post credit sanctions/approvals across Head office, representative and International branches in different geographical locations. -- Key Responsibilities: -- -- -- -- -- -- Provide guidance, training, technical support and interpretation of credit policy and work procedures to team members and new staff. -- -- -- -- -- Allocation and review of daily work assignment among team members and ensuring smooth flow of day to day activities and transactions. -- -- -- -- -- Maintaining credit facility files with all the relevant documents received from the Coverage teams, scanning of facility documentation before recording them in the vault for safe custody. -- -- -- -- -- Preparation and Review of LMA standard & non-standard documentation, Facility Offer Letters, Security related documents, Internal & External legal opinions and other condition precedent documents, etc. in compliance with sanctioned credit approvals. -- -- -- -- -- Ensuring all security/support documents have been properly executed, signatures are verified and authenticities of the signatories are supported by resolution/POA. -- -- -- -- -- Coordinating with CAD-International team in Head Office/Product Specialists/Coverage and Credit Teams as and when required in order to complete the documentation process/limit release in the Bank's Systems. -- -- -- -- -- Ensuring approval from relevant authorities is held for deferrals/waiver of any incomplete documents. -- -- -- -- -- Ensuring rectification of existing discrepancies/deficiencies (if any) in documentation. -- -- -- -- -- Preparing and circulating documentation deficiency (expired/deferred documents) reports and following up for its timely submission /renewal. -- -- -- -- -- Encoding Lodgment of documents and updating of collateral data in the Bank's system. -- -- -- -- -- Verifying and confirming periodically at the time of renewal/review of credit limits that all required security/support documents are physically held in safe custody and periodic clean-up of old and obsolete facility/security documents upon settlement. -- -- -- -- -- Reviewing/verifying approvals requested for permanent release of collaterals, security documentation and ensuring that there are no liabilities or outstanding and facilities are cancelled from the system. -- -- -- -- -- Encoding and releasing of credit limits and ensuring accurate detailing before inputting the same into the Bank's system. -- -- -- -- -- Maintaining accuracy with regards to application of interest rates, commission, charges and various types of fee. -- -- -- -- -- Processing of day-to-day transactions - Bilateral Loan Draw Downs/Syndication Draw Downs, Processing Tickets, Progress Payment Certificate discounting and dropping and adjusting overdraft against shares as per daily shares valuation report. -- -- -- -- -- Preparing instructions for provisioning of accounts, customer grade changes, suspension of interest changes and write-off entries. -- -- -- -- -- Preparing instructions for Loan Centre for processing Loan Draw Downs, repayment changes, loan settlements and recovery of various Fees & Income e.g. Management Fees, Commitment Fees, Processing Fees etc. -- -- -- -- -- Preparing instructions for Operations for releasing excess margin held against facilities as per approval. -- -- -- -- -- Preparing Liability and No Liability Letters for the customers. -- -- -- -- -- Preparing Balance Confirmation Letters/Reports. -- -- -- -- -- Database management for the syndication portfolio handled. Activities include accurate compilation & timely updating of all Facility terms and conditions required for the ongoing monitoring & administration of facilities during its entire life cycle. -- -- -- -- -- Analyze and verify requests received for drawdowns, re-pricing, rollovers, repayments etc. from Facility Agents related to the syndication & structured Finance portfolio and ensure timely execution and servicing of the same. -- -- -- -- -- Carrying out monthly activities such as review of limits in GLCMS and Core Banking System (CBS), amendment of interest rates of Overdraft pricing linked to Fixed Deposit and deferring loan instalments or extending loan maturity date. -- Knowledge & Experience: -- -- -- -- -- -- Bachelor's Degree in Commerce / Finance. 5-8 years' experience in Corporate Banking with at least 5 years' experience in the Corporate CAD function. -- Skills: -- -- -- -- -- Good knowledge of English language (both written and spoken) -- -- -- -- -- Very good knowledge of Banking Products / Corporate Credit Administration functions. -- -- -- -- -- Good knowledge of Bank's Core Banking System and any other associated systems. -- -- -- -- -- Knowledge and use of banking software systems, basic PC skills and MS Office. -- -- -- -- -- Very good knowledge of USA legal environment, LMA Documentation, AML rules and KYC principles. -- -- -- -- -- Good Analytical Skills. -- -- -- -- -- The applicant must already be authorized to work in USA, i.e. he/she must be either a U.S. citizen OR a permanent legal resident (green card holder)

Keywords: DISYS, Baltimore , Loan / Credit Officer, Other , Baltimore, Maryland

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