Senior Associate – Credit Administration
- Saudi Arabia
- Permanent
- Full-time
The role will be responsible for implementing ITFC’s credit administration policies, by processing transaction tickets, monitoring compliance and reporting unresolved issues. This will include credit limits/amendment tickets validation in the system at the level of maker, follow-up pending issues with relevant departments/functions, monitoring credit utilization and reporting. It will also play the role of a key holder for safe custody of security documentation in the absence of the Senior Manager Credit Administration or the Manager, Credit Administration.2.0 KEY RESPONSIBILITIES:Check limit and amendment requests for all credit operations, perform the first leg of limitsetting/amendments in the system before the final decision is taken by the SeniorManager, Credit Administration.
Review financing agreements and security documentation for approved transactions toensure accuracy and completeness for the purpose of execution and pinpoint anydiscrepancies.
Articulate requirements for security/collateral documentation and standard operatingprocedures for approved transactions and provide comments/feedback.
Perform the first step of collateral creation and link them with relevant limits to controlutilization of facilities.
Act as the dual custodian to safeguard and archive security documentation for facilities ina manner consistent with the standard policies and procedures in the absence of the Senior Manager Credit Administration or the Manager, Credit Administration.
Prepare data required for the periodic revaluation of collaterals and, if needed, highlight discrepancies.
Act as a dual signatory of safe custody register for securities/collaterals, holder of safe custody register in the absence of the Manager, Credit Administration, and ensure timely update.
Monitor facilities on regular basis to ensure subsequent utilization is in adherence with the terms of approval. Liaise with Operations to ensure adherence and escalate concern areas to the Senior Manager, Credit Administration.
Follow-up on pending/deficient documentation vis-à-vis credit operations/transactions with Trade Finance, Operations and other relevant functions to ensure timely resolution.
Raise day-to-day system issues/bugs and follow-up for their resolution.
Take note and report policy breaches to the Senior Manager, Credit Administration.
Carry out record keeping and filing as required.3.0 QUALIFICATIONS AND COMPETENCIES:Bachelors Degree in Trade, Banking or Economics;
Master’s Degree with a specialization in Finance or relevant certification is a plus.Experience:
Minimum [2] years of experience.Language:
English is compulsory.
French or Arabic is a plus.