Credit Restructuring Specialist
5 days ago
**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:
- Evaluate problematic debt exposures to identify potential workout situations and default scenarios through detailed financial analysis.
- Prepare and review financial models, challenge cash flows, and apply SWOT Pros & Cons sensitivity analysis.
- Evaluate information memoranda and independent business reviews.
- Analyze various applicable scenarios and make recommendations on how advances should be restructured to avoid default.
- Liaise closely with internal teams and keep management informed.
- Undertake required internal reporting, scrutinize clients' financial performance, and monitor project milestones and costs.
- Monitor payments and repayments, process drawdowns, and ensure regular repayments of interest and principal.
- Collect rental income, sales proceeds, share dividends, and other assigned income.
- Work with product partners to ensure all documents are perfected in accordance with the latest sanction.
- Process stress tests on sufficiency of current provisioning and propose adjustments as necessary.
- Spread financials on MRA and ensure correct risk rating is reflected in all internal systems.
- Maintain proper follow-up and coordination with the legal department in case of legal action being pursued.
- Attend to legal and court calls, work closely with legally appointed accounting experts, and process applications for upgrade and removal from vulnerable portfolio.
- Participate/assist the team to produce & share with business and risk lessons learned based on cases within own portfolio.
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