Credit & Collections Manager
Al Israa for Islamic Finance & Investment plc
Total years of experience :25 years, 6 Months
August First, 2008 to 30/11/2014
Al Isra'a For Islamic Finance & Investment plc. -
Amman - Jordan
Credit & collections Manager
Duties & Responsibilities :
Create a credit risk management environment of an acceptable quality, in terms of established credit guidelines
Assist in developing sound, acceptable credit policies
Analyze delinquent accounts and prepare report on highest risk accounts including recommendations for resolution.
Interact with customers to obtain additional credit information to support credit lines
Reconcile transactions and balances to maintain accurate accounts
Initiate credits and adjustments to customer accounts within company policy limits
Check for credit viability on requests for extended terms, and evaluate various adjustments or exception documents
Submit requests to senior management and supporting documentation for accounts requiring credit lines
Research and make decisions on finance charges
Maintain bad debt and bad debt recovery records
Monitor receivables and collections and provide updates of receivables and provide appropriate reporting procedures
Identify problem accounts and provide regular updates of receivables to management
Negotiate payment programs with delinquent customers
Identify accounts requiring collection agency or legal action and coordinate collections with third party contractors
Monitor violations of credit policies, provide analysis, conclusion and recommendations, present findings to senior management and suggest actions/penalties to be taken when appropriate
Develop processes and procedures for evaluating customer financials and setting and changing credit lines/limits, as necessary to major delinquent account as approved
Generates legal documents used in the credit function
Directing, reviewing and supervising institution’s activities to ensure Shari’a compliance.
Shari’a advice and guidelines.
Shari’a approval on products and services.
Shari’a review
Co-ordinate activities with internal personnel involved with credit approval and credit administration between Corporate Banking Division and high credit committees
Review the credit reports prepared by credit officer's branches. Includes checking legal and commercial documents such as registration, contracts, financial status, management's background and track record to avoid any problems in the future.
Checking customer's accounts position such as accounts movement, returned cheques, or unauthorized transactions. Discusses any anomalies with the manager. Ensures that all head office approvals and instructions are adhered to and properly executed.
Checking Conducts financial and performance analysis of the customer to assess the risk and determine if he is applicable to grant facilities Also I have responsibility for Prepares recommendations accordingly to be given to the internal credit committee & advance committee. Ensures that credit recommendations are based on justified grounds.
Any other tasks duties and orders assigned by supervisors and head credit risk management & advances
Supervisor and involve over more than (6) Billions, around 60% out of total bank's credit portfolio (Funded & Non-Funded) belong with Constructions Projects & Real State sectors
& Responsibilities :
Appraised and analyzed the customer outstanding concerning their financial standing, creditability & ability to pay back and present the same as recommendations in a memorandum to make sure that every thing is clear to facilitate the process of decision make.
Appraised and analyzed the sufficiency of the collateral presented by the customers to facilitate the process of decision make.
Implemented the marketing plan of the bank to achieve the objectives set by the team leaders also I had responsibility for strengthens and assures the relation between the bank and its regular customers to secure keeping them as customers by rendering service to them in a proper way.
Maintains & monitors the customers position with the bank periodically to make sure that their position is stable & within the bank's standards further, that I had followed up the defaulted loans until the loan is repaid or sent to the foreclosure unit to secure the banks rights