Workout and Restructuring Lead

6 days ago


Abu Dhabi, Abu Dhabi, United Arab Emirates First Abu Dhabi Bank Full time

**Role Summary:**

The Workout and Restructuring Lead position at First Abu Dhabi Bank involves managing the restructuring of non-performing advances and analyzing client loan exposures. The successful candidate will evaluate problematic debt exposures, develop strategies to mitigate default scenarios, and collaborate with internal teams to achieve business objectives.

Key Responsibilities:

  1. Evaluate problematic debt exposures to identify potential workout situations and default scenarios through detailed financial analysis.
  2. Develop and implement strategies to mitigate default scenarios and maintain accurate financial records.
  3. Prepare and review financial models, challenge cash flows, and apply SWOT Pros & Cons sensitivity analysis.
  4. Evaluate information memoranda and independent business reviews to inform decision-making.
  5. Collaborate with internal teams to achieve business objectives and ensure compliance with regulatory requirements.
  6. Monitor project milestones and costs, and ensure that all general and information undertakings are adhered to.
  7. Monitor payments and repayments, process drawdowns, and ensure regular repayments of interest and principal.
  8. Collect rental income, sales proceeds, share dividends, and other assigned income.
  9. Work with product partners to ensure all documents are perfected in accordance with the latest sanction.
  10. Process stress tests on sufficiency of current provisioning and propose adjustments as necessary.
  11. Spread financials on MRA and ensure correct risk rating is reflected in all internal systems.
  12. Maintain proper follow-up and coordination with the legal department in case of legal action being pursued.
  13. Attend to legal and court calls, work closely with legally appointed accounting experts, and process applications for upgrade and removal from vulnerable portfolio.


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