General Manager, Special Assets – ()

Job Responsibilities/ Accountabilities:

The General Manager, Special Assets will play a key role in the success of the Group’s management of problem accounts.
Ensure that the high-risk portfolio is well managed to mitigate against potential provisions and achieve write backs where provisions have been booked by the Bank.
Responsible for leading in strategy setting, oversight over the portfolio, presentations to Credit Committee and Board Credit Committee, forecasting potential provisions and management of provisions to be within budget.
Responsibility of negotiating and recommending settlement proposals of all substandard, loss and doubtful loans, including recommending write offs to the appropriate authority.
Manage high value complex recoveries and distressed assets with a view to mitigating further deterioration.
Recommend the appropriate structure of facilities to preserve the bank’s position and maximize the prospects of recovery.
Oversight over recoveries of the written off book.
Review contracts with external lawyers and participate in negotiations to finalize and sign in accordance with sanction terms and to follow up for oversight of implementation of Legal Strategy in cases where legal action has been recommended or is being already undertaken.
Ensure proper implementation and follow up on the operational aspects of the account management with timely and proper internal administration and record keeping. Monitor the recoveries of the assigned portfolio.
Participate in the determination of the provisioning requirements as per CBK guidelines.
Lead in the preparation of all MIS reports, recovery budgets, quarterly provisions reviews, Independent Business
Reviews (IBR), portfolio stress testing, and other relevant exercises to aid the management of the portfolio

Senior Manager, Special Assets – ()

Job Responsibilities/ Accountabilities:

The Senior Manager Special Assets shall primarily be responsible for strategy setting, financial analysis, review of credit paper preparation and documentation of the department’s loan portfolio.
Responsible for interpreting and analysing interim and annual financial statements.
Monitoring account conduct and timely payment offacilities.
Manage daily, weekly, and monthly reports.
Completion of credit reference bureau checks.
Checks and due diligence activities.
Monitoring covenants and document material financial changes and covenant defaults.
Liaise with Special Assets Managers to ensure accurate covenant testing and monitoring.
Responsible for identifying, mitigating, and properly documenting risks and policy exceptions, recommending risk ratings and exposure strategies.
Interpreting and analysing interim and annual financial statements.
Ensuring timely submission approval of memos, interim reviews, annual reviews, and Special Assets Board Papers.
In conjunction with the relationship teams, acts as the primary contact between the Bank and customer.
Attending customer visits and meeting with third party vendors such as monitoring agents, consultants, and external lawyers.
Documenting, sending, and archivinghard copy letter communications to the customer.
Following up on receipt of signed offer letters and other required loan approval documents from the customer.
Ensuring that all approval conditions are met in a timely manner.
Attend customer visits and meeting with third party vendors such as monitoring agents, consultants, and external lawyers.
Responsible for negotiating and communicating the appropriate loan restructure to customers.
Liaising with internal customers/stakeholders to support timely delivery of the credit process.
Support the Group Head of Special Assets when necessary.
Complete special projects when assigned.
Meet the department’s learning e-learning and training goals.
Participate in the department’s team building activities.

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General Manager, Special Assets – ()

Senior Manager, Special Assets – ()