banking jobs in UAE | Mashreq Bank emirates careers
Mashreq Bank announced, through its Linkedin account, a bank job in uae (Senior Credit Manager - Real Estate Portfolio) according to the following:
- This is a specialized credit role for reviewing and approving credit proposals related to commercial real estate business of Mashreq across residential, hospitality, Office space and Retail sectors globally.
- The role entails approving or recommending credit facilities to support asset growth strategy of real estate segment of CIBG after thorough evaluation of the credit worthiness and debt repayment capacity.
- Such review would entail a detailed assessment of projected cash flows, real estate valuations and assessment of financial covenants suitable for financing of long tenor facilities for completed and under construction projects.
- The role ensures and maintains a quality portfolio of corporate assets by minimizing credit losses and maximizing return on assets and shareholders’ return.
- Developing and spreading a strong credit culture throughout the business segment (UAE and overseas locations), related to real estate business through training, counselling and advising.
- Assisting CRM to review credit policies and procedures related to real estate business on a periodical basis and recommend and implement changes where appropriate.
- Assisting the business teams to structure credit facilities which meet the client’s business needs within acceptable risk criteria.
- Maintenance of good quality of assigned loan portfolio, as measured by % of classified outstanding and hence loan loss provisions, which has direct impact on Group profitability.
- Actual vs Target asset growth within the acceptable risk appetite.
- Assisting in developing training curriculum for any in-house training programs (including on-the-job training) for development of superior credit culture.
- Formation of / participation in focus groups for regular review of policies / procedures related to real estate business of Mashreq Bank
- Minimizing downward migration across risk grades without an early warning
- Early detection of warning signals to ensure timely corrective action, and hence minimize loan losses.
- Maintaining targeted turnaround time.
- Volume of credit proposals processed.
- Ensuring high standards of presentation by minimizing the % of proposals returned / rejected by CCO or Credit Committee.
- Accompanying RM teams on calls where necessary, both domestic and international, to maintain an awareness of market and business conditions.
- Helping untangle complex industry / business issues in different geographic locations and simplify understanding enabling smooth and reasoned credit decisions.
- Interact proactively within Group / Division and across related operating / support divisions to find enduring solutions to on-going business issues.
- Recommend / approve corrective action on problematic relations.
- Resolving issues related to recruitment, training and career paths for personnel within his area of control
- University Graduate. MBA or equivalent is preferred.
- Minimum 15 – 20 years lending/corporate banking experience in a Commercial bank of which minimum 10 years should be related to real estate business in UAE and GCC and minimum 5 years experience in a credit approval role.
- High degree of lending skills (credit, analytical, judgmental) and exposure to geographic locations.
- Ability to critically assess the basis and quality of asset valuations provided by the real estate valuers.
- Good knowledge of legal and regulatory issues related to real estate business in UAE and region.
- Awareness of historical real estate market cycles and their impact.
- Excellent written / verbal communication skills with ability to present to senior forums including the credit committee.
Details and apply for this Mashreq Bank job as follows:
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