-Preparation of all facility documents and other related letters as per approved conditions.
-Preparation of the memos / follow-up completion of Legal Mortgage formalities for collaterals/ facilities.
-Ensure availability of required approvals as per Credit Policy prior to implementation.
-Verify documents in terms of completion the requirement and conditions before processing the Facilities.
-Check and verify limits /collateral conditions entered in the set up forms prepared by the clerk which will be used by Processing Staff for implementation in system.
-Ensure all original documents related to facilities and after verification are maintained in the safe custody.
-Review the Following Borrowing Documents once they are typed.
- Advising letter, CB 94, P.N.
- Legal Contract (Shares, R/E, FD) & other In-house mortgage Contracts.
- Authorization letter to place Fire Insure on the Mortgaged R/E. with Kuwait Insurance Co.
-Preparation and verification of Assignments
- Clearance certificates.
- To Whom It May Concern certificates regarding (collateral, outstanding...).
-Ensure that Credit Application stamped by the approving authority prior to release of documents to Account Officer. (The letter is signed by Corporate and Credit Administration)
-Review the draft of Mortgage Contract against the memo sent to legal department and Credit Application. Do any corrections required on the draft.
-Check if original security documents are received to ensure that documentation has been properly completed and authorize completed documents for lodgment in safe custody.
-Issuance of any requested letters to M.O.J/ Kuwait Municipality.
-Mortgage / Release of collateral
-Receipt of the Borrowing Documents signed by customer thru. A/O
-Making control sheet with all the requirements to complete the missing docs and send it to A/O., with following up till receive back the said requirements.
Job Details
| Posted Date: | 2018-05-07 |
| Job Location: | Al Kuwait, Kuwait |
| Job Role: | Other |
| Company Industry: | Banking |
Preferred Candidate
| Career Level: | Mid Career |
| Nationality: | United Arab Emirates; Bahrain; Djibouti; Algeria; Egypt; Iraq; Jordan; Comoros; Kuwait; Lebanon; Libya; Morocco; Mauritania; Oman; Palestine; Qatar; Saudi Arabia; Sudan; Somalia; Syria; Tunisia; Yemen |
| Degree: | Bachelor's degree |
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