Job Purpose:
The Senior Manager Special Assets
will play a key role in the success of the Group’s management of
problem accounts with a specific focus on exposures above $
500,000 (USD Five hundred thousand only). The role
holder ensures that the high-risk portfolio
is well managed to mitigate against potential provisions and
achieve write backs on where provisions have been booked in the Banks’
books.
They must be well versed on
matters pertaining to turning around accounts as well as recovery
strategies and processes where customers have defaulted.
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 of
facilities.
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 archiving hard 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.
Qualifications
Key Critical Competencies:
Good credit risk skills
Good relationship management skills
Strong analytical and numerical skills
Strong communication and report writing skills
Good knowledge of Microsoft Excel and other
spreadsheet/database applications
Strong planning, coordination, and time management
skills
Proficiency in use of internal IT systems.
A minimum of five years of relevant management
special assets in the corporate segment is required.
Knowledge and understanding of Cash flow lending
required.
Ability to manage deals simultaneously.
Clear and concise communication skills.
Excellent interpersonal skills
Ability to coach, mentor, train, and transfer skills
to others.
Experience in engaging senior executives in
facilitating decision-making and reporting.
Strong understanding of overall banking operations,
systems, and processes.
Strong negotiation skills.
Willingness to travel.
Academic Qualifications and Competencies:
A university degree in a Business-related field. A
Masters’ Degree will be an added advantage.
A minimum of five years of banking experience in
turning around accounts, recoveries and portfolio management experience.
Loan approval authority experience.
Any professional qualifications related to credit,
business recovery and turning around accounts.
Experience in working in banking environment will be
an added advantage
How To Apply
