Job Description
Gulf Bank of Kuwait is currently seeking to recruit Collateral & Support Officer
To coordinate with Corporate and International Banking groups and obtain required information about GB clients in order to prepare accurate and timely credit documentation in coordination with Credit Admin - Legal Team.
Duties and Responsibilities
Your main responsibilities in this role include the following:
Document Receiving: Receive credit applications after credit committee’s approval and check approved terms & conditions against the credit policy of GB and CBK regulations.
Document Checking: Check all borrowing collateral/ support documents ensuring appropriate consolidation of required documents
Document Processing: Coordinate in the preparation of Credit Documentation (e.g.: Borrowing Agreement, Commitment Letters, Letters of Lien, Legal Contracts, Letters of Subordinations, Promissory Notes etc.) by ensuring accurate documentation Input approved limits, feed interest rates & commission on system as per the up-to-date GB guidelines and procedures
Follow-ups: Follow up with the account officers regarding all outstanding cases related to non-compliance with the Credit Policy.
Coordination: Coordinate with the Credit Admin Legal Team and GB Legal Department for certain cases ensuring closure of gaps and inconsistencies; Coordinating between legal department and Account Officer.
Reports: Provide necessary reports to the Department Manager as require and prepare monthly reports regarding documentation outstanding issues and the compliance of covenants and submit them to MSC.
Updating limits in the system after being processed.
Debiting fees such as commitment fee, advisory fee, restructure fees, mortgage fees and evaluation fees.
Daily Registration for all the above works in the bank system
Job Requirements
Diploma / Bachelors degree in accounting
1-2 years in Credit Administration or in a credit review role within a bank
Job Details
Company/Organization: Gulf Bank of Kuwait
Employment Type: Full-time
Job Location: Kuwait City, Kuwait
Application Deadline: N/A
