Credit Restructuring Specialist

5 days ago


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

**Job Overview:**

We are seeking a highly skilled Credit Restructuring Specialist to join our team at First Abu Dhabi Bank. The successful candidate will be responsible for managing the restructuring of non-performing advances, analyzing client loan exposures, and developing strategies to mitigate default scenarios.

Key Responsibilities:

  1. Evaluate problematic debt exposures to identify potential workout situations and default scenarios through detailed financial analysis.
  2. Prepare and review financial models, challenge cash flows, and apply SWOT Pros & Cons sensitivity analysis.
  3. Evaluate information memoranda and independent business reviews.
  4. Analyze various applicable scenarios and make recommendations on how advances should be restructured to avoid default.
  5. Liaise closely with internal teams and keep management informed.
  6. Undertake required internal reporting, scrutinize clients' financial performance, and monitor project milestones and costs.
  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.
  14. Participate/assist the team to produce & share with business and risk lessons learned based on cases within own portfolio.


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