Specialist- Documentation CMB And PL

First Abu Dhabi Bank (FAB)

Job Description
JOB PURPOSE:

The role is responsible for preparing, checking, and vetting of documentation relating to credit facilities and accurate detailing before inputting the same into the Bank s system. Further, he/she is responsible for ensuring the enforceability/authenticity of the security documents executed by the customers.

Key Accountabilities

• Preparing / Reviewing the prepared in-house Bank standard Facility Offer Letter/ Term Loan Agreement, internal legal negotiated Facility Offer Letter/ Term Loan Agreement, security / support documentation in accordance with the credit approvals.
• Ensuring all security / support documents lodged for in-house documentation have been properly executed and signatures are verified, and authenticities of the signatories are supported by resolution / POA.
• Ensuring rectification of existing discrepancies / deficiencies in security documentation for facilities released under legacy records.
• Ensuring approval from relevant authorities is held for deferral / waiver of incomplete documents.
• Checking documentation deficiency (expired / deferred documents) reports and following up for its timely submission / renewal.
• Maintaining up to date collateral data in the Bank s system.
• Performing periodical clean-up of old and obsolete security documents to keep updated / valid security documents in the security folder.
• Verifying and confirming periodically at the renewal of credit lines, all required security / support documents are lodged in the Bank s system.
• Ensuring all security documents are kept safe in the vaults and a checklist maintained in the file.
• Authorizing security documents / collaterals in the Bank s system.
• Reviewing / verifying approvals obtained for permanent release of collaterals, security documentation and ensuring there are no liabilities or outstanding and facilities are cancelled.
• Supporting in creation/release/amendments of securities/mortgages/charges/registrations with local government authorities and free zone authorities in various Emirates as per Bank s POA holders.
• Advising Credit Control Unit for release of credit lines in the Banks system.
  
  

Qualifications

• Bachelor s degree in accounting / Finance. 1-3 years experience in Corporate Banking with at least 1 year
  
  

experience in the Corporate CAD function.