Manager-Business Support Services
EMIRATES ISLAMIC BANK PJSC
Total years of experience :26 years, 9 Months
Responsibilities include:-
Syndication Agency and operational activities
Manage and execute Syndication Agency and Participation roles activities
Interpret credit agreements and related documentation for making new draw-downs/Rollovers
Responsible to ensure limits availability in the system in correct limit notes for disbursement/Rollover purpose & ensure to update the limit/review date for every rollovers.
Making new drawdowns for syndicated/Bilateral transactions, Rollovers for syndicated/Bilateral transactions, executing risk participation-buying transaction, sell-down funded/unfunded transactions, and Commodity Liability Murabaha transactions.
Commodity trading with DD & Co. (Broker) in case of LMA transactions
Executing Murabaha /Wakala documents with the Counterparties
Opening and maintaining of required transactional accounts (clients’ and internal)
Execute and maintain security mortgage/collateral
Monitoring to ensure post-transaction requirements are fulfilled
Monitoring all suspense accounts, Covenant monitoring and follow-up
Monitor, calculate and coordinate repayment process from clients, distribution of repayment proceeds to various participating banks and agents
Administrative processes of transactions during tenor of the financing
Addition, reduction, release of security/collaterals
Review of Transaction Documents
Preparation of Term Sheet
Review all transaction documents (prepared by external legal counsel) to ensure that all approved business/commercial terms and conditions are effected in the documents.
Reviewing completeness of executed documentation
Interaction/coordination with the client, legal counsel (internal & External), sharia department, participating banks to finalise the documents
Evaluation of business proposals
Initial and final evaluation of all types of business proposals
Prepare all the new and renewal proposals
Ensure all the required information (credit and risk evaluation) for the new/renewal proposals are available
Ensure proper strengths and weaknesses of the proposals are highlighted for the management decision
Ensure accuracy and timely submission of all types of proposals
Addressing all types of queries and enquiries received from credit department related to the proposals
Prepare all types of commitment letters and ensure that all approved terms and conditions are incorporated in the commitment letter before it is sent to the customer for its sign off.
Client Relationship/MIS
Maintaining relationships with customers (both corporates and FIs), peer banks, multilateral agencies, external legal counsels and other external counterparties
Coordinate client coverage, credit and other major processes throughout tenor of the financing (reviews, changes in terms, special requests, changes in client circumstances, etc.)
Limit Management from inception to settlement
Co-ordination with Internal Auditor, External Auditor, CB Auditor, Government Auditor, Credit & other department.
Assisting in preparing department annual budget
Reporting & consolidations with finance and other stakeholders
In-charge of Accounts & Finance Department of all group companies reporting to the Group Managing Director.
Finalization of Accounts of all group companies
Monthly/Quarterly MIS Reports, Preparation of projected financial Statement & other data for bank finance.
Coordinate with bank officials for bank credit facilities.
Preparation of daily bank report, International Import &Export Letter of Credit.
Working capital management, Banking Facility Utilization
Preparation of cash flow forecast for the month & Daily reporting of cash flow.
Supervising month end stock taking & year end stock taking
Interaction with the IT department for any modification and changes required in the various software modules to ensure better internal controls.
Responsibilities include:-
Finalization of Accounts, Analysis of Cost division wise & Cost centre wise.
Management Information system for decision making Purpose.
International Import & Export Letter Of Credit, Foreign Currency Booking for payment.
Working Capital Management.
Banking Facility Utilization, Fund Flow & Cash Flow Statement
Preparation of projected financial Statement & other data for bank finance
Completed Cost and Management Account (CMA)
Pass with Distinction