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banking jobs in UAE | Invest Bank careers

 banking jobs in UAE | Invest Bank careers

 

banking jobs in UAE | Invest Bank careers

 Invest Bank announced, through its Linkedin account, a bank job in uae (Corporate Recovery Manager) according to the following:

  • This job revolves around active engagement and participation in the early stages of collection/recovery process. 
  • To own and drive mid or late stages of the recovery process to optimize loss mitigation by reducing the defaulted client exposure through restructuring, recovery and/or realization of collateral.
  • Proactively develop, evaluate and implement strategies for the assigned portfolio (including NPLs and Written-Off accounts) to minimize loss/provisions and maximize recovery.
  • Ensure proper handover/takeover of assigned delinquent accounts from relevant Business Unit.
  • Perform a full review of the available securities and ensure all documentations are in place.
  • Conduct a root causes analysis to diagnose the reasons of the financial troubles for each vulnerable case.
  • Carefully evaluate relevant revival capability and design account strategy, and identify suitable treatment, options and optimum exit strategy.
  • Work closely with the borrowers, and other stakeholders, lead negotiations and enforce solutions with a focus on recovery and turnaround of each assigned NPL/account while maintaining compliance with regulatory requirements.
  • Present good quality proposals on assigned accounts with adequate strategy in order to maximize the recovery.
  • Ensure meeting set recovery targets.
  • Bachelor’s degree in Business Administration, Finance, Accounting or similar.
  • Experience
  • Minimum 8 years’ experience in Corporate Banking of which at least 5 years in Corporate Recovery.
  • Strong knowledge in credit / operations / legal & Risk
  • Strong Financial Analysis/analytical skills.
  • Excellent communication and negotiation skills.
  • Capable of analyzing the different situations and strategies, and select the best course of action.

Details and apply for this Invest Bank job as follows:

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