Credit Control Professional

2 weeks ago


Kuwait City, Al Asimah Burgan Bank Full time

Job Overview

Burgan Bank seeks a highly skilled Senior Credit Manager to join our team. As a key member of our credit control department, you will play a critical role in ensuring the bank's assets are protected and that all credit approval conditions are met.

Responsibilities

  • Develop and implement effective credit control processes to ensure compliance with regulatory requirements, bank policies, and procedures.
  • Serve as a final checker and approver for credit approvals, ensuring that all necessary documentation is in place and that credit limits are aligned with approved conditions.
  • Supervise officers responsible for documentation, collateral, posting limits, and reporting, providing guidance and support as needed.
  • Maintain updated knowledge of CBK rules, regulations, BB Credit Policy procedures, and related matters of interest to the department.
  • Review and approve documents, including undertaking letters, clearance certificates, and 'to whom may concern' letters issued by the department to banks, clients, and companies.
  • Verify that all credit approvals are in line with management decisions, bank policy, and CBK guidelines, both pre- and post-fact.
  • Coordinate with business groups and other departments to provide information and support, as well as generate requested reports.
  • Monitor and control country and bank limits, as well as Burgan Bank subsidiaries' credit limits and related documents.
  • Oversee the control process of placing original securities in the safe custody vault and releasing them in coordination with the Legal Department.
  • Perform ad-hoc tasks assigned by direct supervisors.

Requirements

  • Bachelor's degree or equivalent in a related field.
  • Minimum 7 years of relevant experience in credit control, with at least 5 years in a bank or financial institution within a similar field.
  • Knowledge and experience of best practices in drawdown units.
  • Proficient in English and Arabic.

Salary: The estimated salary for this position is between $80,000 and $120,000 per year, depending on location and experience.



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