Gulf African Bank is one of the few fully Sharia'h compliant banks operating in this region. Our products address the needs of not just Muslims, but everyone in the market. Some of our innovative products have won awards, and our customer service has been labeled exceptional.
We are more than just a financial service provider – we are a real partner in business.
We are currently inviting applications for the following vacant positions:
Remedial Manager
Key Responsibility:
Reporting to the Head of Credit, the Remedial Manager will ensure adequate management and controls over all overdrawn accounts and non-performing loans (NPLs), realising collateral in a timely manner and implementing prompt legal action in order to maximise recovery of the debt and ensure that all unrecoverable debt is written off once the recovery process has been exhausted.
This includes facility restructuring where possible.
Main tasks:
- To ensure that the correct level of provision is raised in line with regulatory requirements and the bank's internal procedures and that all set targets for the reduction / recovery of debt are met.
- To ensure all Bank and statutory returns related to NPLs are accurately and timely produced.
- To ensure that all the necessary systems and controls are in place to properly manage the NPL book and maximise the recovery of debt.
- To control and monitor the outsourced recovery process.
- To recommend the correct level of provision in line with regulatory requirements and the bank's internal procedures. Resolve all customer queries that arise on accounts that have been placed under the remedial actions.
- To recommend write off of unrecoverable debt once all the recovery avenues and processes have been exhausted.
- To ensure compliance with Central Bank regulations.
- To ensure that all monthly and quarterly CRB, credit risk and non-performing loan returns/reports are properly prepared, signed off and submitted within set deadlines.
- To peruse Internal Audit reports and ensure that any shortcomings highlighted with regard to NPLs have been sufficiently addressed.
- To prepare Credit proposals for restructured facilities and/or repayment proposals.
Qualifications, skills and experience required:
- A Degree preferably in Finance or Business from a recognized university
- Experience in remedial management is compulsory
- Possess credit analysis skills
- Legal knowledge in recovery will be an added advantage
- Previous corporate banking relationship management is also an added advantage
- Good interpersonal and negotiation skills are necessary due to nature of the job
- Have worked in a busy credit control/recoveries department for at least 3 years
Only short-listed candidates will be notified within two weeks of the closing date.
