Loans Administration Officer
1 week ago
Job Title : Loans Administration Officer
Company : Nakilat
Job Summary and Purpose
Coordinate the loan administration activities towards achieving full compliance with loan agreements, in terms of analyzing and updating loan financial models; ensuring KYC requirements of the lenders are met; troubleshooting debt administration SAP TRM; coordinating with Banks on online access issues; and working with other functions on loan documentation and financing matters.
Key Accountabilities :
Compliance :
- Monitor and ensure accuracy of all the relevant certificates, notices, workings, lender's records, and regulatory updates that are submitted to the concerned third party as per the loan agreement of NAKILAT, and its joint venture companies/subsidiaries.
- Review and ensure submission of vessels related documentation in accordance with loan agreements.
- Review and analyze all documentation obtained from banks, suppliers, agents, and trustees, and ensure compliance with financing agreements, swap agreements, and other financing documentation.
- Prepare cash waterfall (OPEX and other inter-account transfer) schedule in accordance with loan agreements.
Payment Processing :
- Prepare payment instructions for manual or online payments to all third parties and inter-account transfers, ensuring that all instructions related to payments are properly executed.
- Ensure smooth operations of the online payment approval system by acting as a coordinator between banks and Nakilat authorized signatories.
- Work closely with the Finance function to identify and resolve bank reconciliation matters and handle issues with various banks in case of items not reconciled or needing other actions.
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