Lead - Trade and Structured Finance Surveyor

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Mashreq

WebsiteLinkedInAll Job Openings

1001 - 5000 employees

Founded 1967

🏦 Banking

💸 Finance

💳 Fintech

Banking • Finance • Fintech

Mashreq is a leading financial institution based in the UAE, offering a wide range of banking services including personal, corporate, and investment banking. The bank focuses on providing innovative financial solutions to its customers and has a strong digital banking presence.

📋 Description

• Independently conduct Open Account - Supply chain surveys (for various products offered under factoring – with/without recourse products, Insurance backed products, PDC discounting, Trust receipts etc.,) for potential factoring clients spread RBG(Business Banking) division. • To add value in the debtor/supplier selection and limit setting process based on findings from the survey and due diligence. • To ensure that any instances of dilution of invoice values are clearly pointed out and risks of these are clearly identified. • To make reasoned recommendations on structure and parameters of factoring facilities, after analyzing the credit management processes, controls and collection systems to ensure that risk to reward ratios are acceptable. • Seek ad hoc approval from credit. • To assist fellow surveyors, FTG Product Managers and Business Banking RMs on structuring of complex factoring facilities. • Effectively surmount the unfamiliarity of the product in the market place and overcome resistance of clients to the survey process. • To ensure timely action has been taken on FCI messages circulated internally. • To assist the Factoring operations/Clients on day to day operational queries, which require close interaction/relationship with the Client/FTG Ops to ensure smooth service levels. • Training of Junior Surveyors/new joiners. • Conduct periodic reviews to assess the viability of continuing factoring facilities. • To monitor, understand and escalate risk exceptions by using tools such as statistical analysis and propose suitable risk mitigants to improve control on an ongoing basis. • To identify opportunities to bring improvements in existing offerings thereby identifying the potential for other factoring products. • Wherever required, to apply for & monitor credit insurance limits/ Opinion report.

🎯 Requirements

• To ensure that a client survey is undertaken earliest possible after lead has been given and that survey report turnaround times are strictly as per SLA or better. • To ensure that debtor/Supplier risks and invoice dilution instances are clearly identified, documented and facility structure is recommended in a way so as to mitigate these to the extent possible. • To be careful not to offend client sensitivities while ensuring there is no dilution to the integrity of the survey process. • Provide industry research reports and peer group analysis. • Conduct Surveys for RBG group also covering various geographies (including but not limited to GCC countries). • Render full support to fellow surveyors/RMs/FTG PDG MGR, while maintaining independence and integrity of the survey. • Maintain cordial relationship with clients, without diluting the validity of the survey. • Identify and resolve areas of concern that crop up during the survey process. • To provide suggestion/feedback on risk mitigation. • Suggest corrective measures for improving factoring structure and account conduct. • Proactive approach for resolving issues with all interdependencies. • Resolving customers complains related to operational issues. • To independently make recommendations on factoring facilities and structure based on survey findings without being influenced by marketing considerations. • To comment on the account conduct/ behavior of client and make suggestions to Prod MGR /RM.