Reports to: Collateral & Disbursement Officer

Employment Type : Full-time

Location: Belize City

 

Job Purpose:

The Collateral & Disbursement Assistant – Retail is primarily responsible for the disbursement of all retail credit
facilities, ensuring all corresponding loan conditions have been met and retail collateral securities are in order
prior to the disbursement of funds.

 

Key Responsibilities include, but are not limited to:

Disbursement of Retail Credit Facilities

  • Examine approved credit applications and ensure all credit documents are complete and are in compliance
    with bank’s lending policies and procedures prior to disbursement of facilities
  • Ensure refinanced loans are settled and loans with multiple disbursements are modified in the core banking system to prevent automatic drawdowns without prior approval
  • Examines collateral security documentation and associated documents, relative to new and existing credit facilities, to confirm that all documents are held on file and executed prior to the disbursement of the credit facilities
  • Identify and communicate/escalate deficiencies found when reviewing credit facility documentation/security documents with the related parties
  • Verify that securities are scanned, recorded, indexed in the bank’s document management system, created/updated in the core banking system and linked to their corresponding credit facility
  • Ensure paid facilities are delinked and obsolete securities are deleted in the core banking system and
    updated across all system platforms

 

Maintenance of the Collateral Security Registry

  • Log new Bill of Sales in the “Outstanding legal documents log” and new insurances in the applicable logs
    – Creditor Life Applications, Property, Mortgage Indemnity, and GK Insurance
  • Send request to Insurance Clerks for cancellation/deletion of interest for insurances which are no longer
    required
  • Review existing security files and identify deficiencies and follow up with related parties for correction of documents
  •  Modification of Collateral Accounts in FBE (core banking system) for credit facilities and loan accounts
  • Provides prompt, efficient and customer-oriented service to all employees, in accordance with policies and standards across the Group of Companies
  • Works with management, department, and branch staff for the betterment of the Bank

 

Education and Work Experience Requirements:

  • Associates in Business Administration, Business Management or Finance or related field from an accredited educational institution
  • Minimum 3 years progressive work experience in banking and/or financial experience with at least 1 year
    work experience in credit assessment, recoveries management and/or collateral management
  • General Knowledge of the banking industry in Belize and general regulatory procedures mandated by the Central Bank of Belize

 

Knowledge, Skill & Ability Requirements:

  • Advanced knowledge of the Bank’s Credit/Lending Policies and Procedures
  • Knowledge of the English language at an advanced level, both oral and written
  • Computer literate at an intermediate to advanced level with proficiency in Microsoft Office Word and Excel
  • Sound analytical and credit risk assessment skills
  • Excellent interpersonal and communication skills with sound judgment and tact
  • Very good time management abilities and organizational skills with the ability to handle high volumes of work
  • Ability to network extensively
  • Ability to maintain confidentiality to highest priority in all functions at the Bank

Please note that relevant work experience may compensate for academic qualifications.

Application Requirements:

  • Application Letters and Resume/CV
  • Reference Letters
  • Degrees and Diplomas/Certifications
  • Police Record

*Applications omitting any of the required documents will be considered incomplete and will not be considered.

 

Interested candidates can send a cover letter and résumé to:

Human Resources Department

Belize Bank Ltd.

21 Regent Street

Belize City, Belize

Or Email: [email protected]

(Subject email:Collateral & Disbursement Assistant – Retail)

 

Deadline for applications is June 23, 2023

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