• ABK Egypt careers | Utilization Officer وظائف البنك الأهلي الكويتي

    ABK Egypt careers | Utilization Officer وظائف البنك الأهلي الكويتي

    Location: Egypt

    Job Description

    Alahli Bank of Kuwait - ABK Egypt is currently seeking an Utilization Officer who will be responsible for manual settlements of unpaid discount chqs and follow up settlements

    Duties and Responsibilities

    Your main responsibilities in this role include the following:

    • Checking purposes of any transaction pre-fact according to the terms and conditions of credit approvals/ Credit policy /CBE banking law

    • Responsible for approving all counter and clearing chqs.

    • Responsible for approving all type of LGs and insuring the existence of cash cover / commission before issuance.

    • Responsible for approving local and foreign transfers.

    • Responsible for approving opening all types of LCs (local and foreign).

    • Ensures obtaining proper approvals in case of any irregularity prior to perform any transaction.

    • Responsible for disbursement of refinance

    • Responsible for approving any form4 or IDC to insure having the related percentage of cash cover

    • Ensures that any excess in the facilities is approved by the appropriate level of approval & follow-up on settlement of excesses with corporate officers.

    • Follows up on target dates to rectify discrepancies through the liaison between the department & corporate heads.

    • Adherence to terms and conditions of credit approvals/ Credit policy /CBE regulations

    • Responsible for follow up and settlement of interest, commissions, and installments related short /medium term loan.

    • Responsible for flagging any of the facilities either to be exempted or no from stamp duty fees.

    • Prepare manual customers’ borrowing positions & the excess tickets prior to submission to lending officers.

    • Custodian of transactional documents ( Trust Receipts / PN) to insure safeguarding banks assets and assuring that customers are in powered to sign such documents according to the companies by-law & responsible for manually check & count of T.Rs on monthly basis.

    • Monitors returned checks from clients as advised by different department to take the necessary actions in case of shortfalls or excess.

    • Identify the commissions for all advance payment checks as per CP and direct the collection to the correct current account.

    • Responsible for Manually Calculating & Creating and monitoring due settlement of ticklers for corporate and sme clients OVD with time intervals to each withdrawal

    • Monitors all advance payment checks and identifies the commissions as per CP.

    • Opens new files for each client including all credit approvals & the daily specially approved transactions.

    • Specifies assignments fees as per CP regarding operation cheques in the name of PBE after decreasing the limit through CFU.

    Job Requirements

    • BA Commerce or equivalent discipline

    • Minimum 1 years’ experience in credit admin to have the full responsibility of the job

    • Knowledge of:

      • Credit admin Knowledge

      • CBE regulations

      • Banking accounts.

    Job Details

    Company/Organization: Alahli Bank of Kuwait - ABK Egypt

    Vacancy Type: Full-time Job

    Job Functions: Operation

    Job Location: Egypt

    Application Deadline: N/A


    Apply on ABK website