banking jobs in UAE | Mashreq Bank careers
Mashreq Bank announced, through its Linkedin account, a bank job in UAE (Senior Engineer – Corporate Credit (Remote Working)) according to the following:
- Contracting Finance has long been recognized as one of the highest risk industries for commercial bank lending.
- However, well-managed successful contracting businesses can and do make bankable customers if risk is properly assessed and monitored.
- Manage the bank’s credit engineering function.
- Perform forensic audit of running projects.
- Assess costs to complete for distressed projects.
- Maintain high level contact in industry & market.
- Give senior management of the bank timely information on early warning signal / heads up signs etc.
- Assessing a contractor’s technical capability,
- Monitoring the technical progress of the project, and
- Picking up signals of project lag/distress
- Investigate delay in payments of PPCs.
- Senior Engineer will manage and/or assist Senior Manager – ESU in managing the banks credit engineering function / allocate the contracts in engineering projects and ensure quality of work / output.
- It is a continuous function of the Senior Engineer to look into the distressed projects in depth, understand the deterioration and suggest ways of improvement to enable the bank to avoid a loss.
- The Senior Engineer will assist in investigations, if required, for any undesirable activities such as fraudulent PPCs, inaccurate presentation, or false reporting to the bank.
- Timely feedback will enable the bank to take remedial action.
- The Senior Engineer will estimate and advise ‘costs to complete’ for distressed projects.
- The Engineer would recommend the additional cost, if required, and would monitor disbursal according to the requirement and monitor the progress of the project on a day-to-day basis.
- It is expected that the Engineer would maintain high level of contacts in the industry and market which will lead to timely / frequent updates on industry developments such as labor trends, market prices, cost increases, delays in the projects etc.
- The Senior Engineer is required to give the Senior Managers in Credit Risk Management and Contracting Finance Division timely information or ‘early warning signals’ / ‘heads up’ with particular reference to problems faced by the industry and/or specific contractors.
- Prepare ‘Technical Capability’ on a Contractor.
- Prepare ‘Project Analysis Report’ of a proposed project financing.
- Prepare ‘Project Progress Report’ on a running project.
- University Graduate in “Engineering” preferably “Civil Engineering”.
- 15 years (plus) experience in a Contracting / Consultant’s firm with significant years of field experience plus exposure to project management; and / or
- Experience in a similar capacity with a financial institution.
- Good Inter-personal skills to deal with a broad spectrum of clients / consultants / owner rep etc
- Strong Technical knowledge / understanding.
To know more details about the vacancy and how to apply kindly check the link below:
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