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Overview:
This role serves as a vital operational and risk-control function within the contract financing lifecycle. The Middle Office specialist is responsible for the meticulous tracking of facility utilization, ensuring strict adherence to approved terms, and acting as an early warning system to safeguard the bank against project delays and financial leakages.
Responsibilities
Preparing of tracking and checklist template for each individual contract
To ensure utilization and settlement of facilities are in accordance to the terms and conditions imposed
To provide endorsement and concurrence to trade department on the utilization of the trade facilities
Updating of tracking templates on continuous (as and when required)
Daily monitoring of incoming contract proceeds, and settlement of bills