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VAF Business /Personal Support Officer At Stabic IBTC

Date Posted: 27/Sep/2013
Deadline: 03/Oct/2013

 

Position Description

To ensure effective and efficient of issuance of offer letter, issuance of Lease Agreement and resolving of other issues on VAF deals.
Assist in preparing Collateral documents against the supporting documents and articles held.
Attending to all aspects relating to collateral documentation and routine related aspects for the Branches



Key Responsibilities

   
•Checks sanction/corresponding authority from Credit to ensure it complies with approved VAF product dynamics (Rate, Tenor, re-payment, Concession, Fees, etc).
•Preparation of offer letters and ensures that all the conditions precedents are captured for all approved facilities within turnaround times.
•Ensuring clients meet all the condition precedent to draw-down of the facility before issuing Authority to register.
•Follow up in getting registration papers from the bank’s approved vendors. Ensure papers are in the name of the bank and correctness of the data therein.
•Draw-up lease agreement according to the pattern of payment approved by credit evaluation. 
•Issue Authority to release to the vendor through the RM and receipt of duly executed copy of Authority to release by the client.
•Scrutiny of collateral within acceptable timelines and standards.
•Follow up on queries pending.


Key Performance Measures
•Knowing exactly what details to look for and the importance of those details in the documents submitted as security  and condition precedent and collection of well executed  acceptance package from the Lessee will reduce going back and fort and improve turn around time which will boost the lessee’s rating on the bank’s professionalism.
•Keeping of adequate and faultless documentation assist the Bank with a sound fallback position in litigation.
•Preparation of Documents are to be 100% accurate



Key Dimensions of the Job
•Check  and verify details on collateral preparation form and check sanction/corresponding authority from Credit
•Prepare documents accurately within turnaround times.
•Follow up on queries pending and Facility letters/loan agreements that have been issued and not returned with acceptance timeframe.

 

Method of Application

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