Senior Commercial Manager – Commercial Bank

Company: Full Time Jobs in Qatar Sector: Accounting, Finance & Banking
  • Location: Doha, Qatar View on Map
  • Date Posted : April 16, 2024
  • Salary: Negotiable

About the job

Job Purpose:

To carry out the due diligence process, monitoring and draw-down tasks for projects financed by the Bank. To also assist in key tasks for other Corporate Real Estate functions including quantity surveying and project management for CRE projects. Detailed project management of legacy cases to ensure completion to operational standards.

Assist Head of CRE, Head of Financed Projects, and Head of Projects (CRE)

Key Responsibilities:

1. Preparation of Initial Due Diligence reports (Real Estate & Contractor Finance):

a) Analyse and verify the proposals, feasibility studies submitted by applicant Borrowers requesting real estate and contractor finance; b) Verify the performance, skills and capabilities of the contractors and consultants who are proposed to carry out the projects to be financed by the Bank.

c) Review the contract’s agreement and loan agreements to ensure that interest of the bank is protected.

d) For Real Estate finance, ensure the award process of the Main Contractor is conducted in accordance with industry standards and Contract includes standard provisions (PB, APG, CAR and daily delay damages etc.).

e) Review the reasonableness of cash flow submitted for project finance and the LC’s breakdown and other requirements.

2. Preparation of Interim Reports:

a) Monitor ongoing projects by periodic visits, preparation of interim reports and verify the disbursements of payments to Borrowers related to projects.

b) Attend, site meetings with the Borrowers, contractors and members of professional team and review minutes of meetings.

c) Review the external consultants’ interim reports and prepare the in-house summary.

3. Management of loan facility Draw-down process

a) For Real Estate finance, and before releasing the advance payment, check statutory approval status and any obstacles to commence works or progress at a later stage.

b) In conjunction with latest Interim Report and current status of works, assess the drawdown request and highlight risks, compliance of documentation and prepare recommendation to facilitate draw-down memo signature by Head of Financed Projects.

c) Maintain accurate records and draw-down schedules for each project and obtain current loan limits.

d) Advise RM’s on recovery strategy for facility exposure and maintain accurate records for receivables to maintain coverage ratio.

4. Following completion of the project and closure of all outstanding issues, prepare the project case studies mentioning the key risks encountered, cost analysis and critical review of the success and failures of the project.

5. Prepare monthly presentation slides for monitored projects.

6. Carry out tender process for the appointment of External Consultants and manage their appointment and commission.

7. Take over the RERU Cost Database, implement changes and develop further for beneficial use.

8. Assist with the implementation of Audit compliance and manage the Audit process in conjunction with Head of Financed Projects.

9. Provide ad-hoc quantity surveying, commercial and project management support to the CRE Projects department for the Bank’s own development projects on an as required basis.

Key Competencies:

  • Quantity Surveying and Commercial Management best practice with sound understanding of Construction Contracts and Contract Administration procedures.
  • Ability to work in a fast-paced environment to independently produce consistent quality deliverables that demonstrate comprehensive understanding of construction risks and analytical thought.

Required Qualifications:

  • Qualifications: Bachelor of Science/Engineering and professional grade membership MRICS
  • Experience: 10 to 15 years technical construction;

Required Experience:

  • Well versed in Real Estate and Construction finance transactions and technical risk analysis.
  • Good knowledge of MS Word and Advance MS Excel required.

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