IDB2507 - Senior Associate, Receivable & Remedial Accounts

Business Unit: ITFC
Division: Not Applicable
Department: Not Applicable
Country: Saudi Arabia
Location: Saudi Arabia - Jeddah
Closing date: 10-Dec-2020


This role is responsible for monitoring the repayments and ensuring timely follow-up on payments receivable from clients by tracking and reporting dues and overdues and coordinating the remedial asset management.


Participating in unit level improvement initiatives (such as documentation of manuals etc.) in order to contribute
to the overall effectiveness of the Operations Department.

• Monitoring repayments and providing regular exception reports to Remedial Assets Manager.
• Recording of receipts (of payments) from clients in ITFC system/books.
• Providing progress statement to clients as per the agreed terms and conditions.
• Monitoring the upcoming dues for all the clients by reviewing the Repayment Schedule.
• Providing clients under the supervision of the Remedial Assets Manager with repayment details and sending
notifications to clients informing them of the payments becoming due.
• Issuing intimation to Trade Finance when each payment milestone is reached in order to ensure that they
initiate follow-up with the client.
• Following up with Trade Finance on the payments until they are received or up to the stipulated Days Past Due
as specified in the Asset Classification Criteria.
• Updating the Trade Finance department on receipt of payments from the client on the dues.
• Identifying and handling overdues in collaboration with respective relationship managers.
• Coordinating the follow-up process with Middle Office and Trade Finance when payment becomes overdue,
and initiate escalation to Remedial Assets Manager.
• Supporting the Remedial Assets Manager with the execution of related remedial actions for overdues based
on the recommendation of the concerned authority.
• Liaising with all concerned parties on current cases as defined in SOPs.
• Responding to any non-routine queries for information pertaining to dues and overdues that may arise from
various departments, committees, ITFC senior management, IDB group and ITFC Board.


Bachelors/ Graduate Degree in Economics, Business or Finance

Language Skills:

• English is compulsory
• Arabic or French is preferred

Years of Experience:

0-2 years in a similar role in Banking and Financial Services