Talent.com
Lead, Verification & Monitoring
Lead, Verification & MonitoringAFFIN Group • Kuala Lumpur, Kuala Lumpur, Malaysia
Lead, Verification & Monitoring

Lead, Verification & Monitoring

AFFIN Group • Kuala Lumpur, Kuala Lumpur, Malaysia
20 days ago
Job description

AFFIN Group, Kuala Lumpur, Malaysia

Job Purpose

  • To manage verification & monitoring on the contract financing facility disbursement, operational credit / payment requests, monthly reporting, and early identification & reporting of delinquent & doubtful accounts.
  • To manage verification of customers’ & suppliers’ documents for facility disbursement.
  • To manage & oversee / monitor contract proceeds received from the contract / project awarder.
  • To build-up relationship with Contract / Project Awarder for any follow-up related to contract progress payment.
  • To manage operational instruction to FCAD and Trade Center for the following matters :

Request to disburse Contract Financing facilities.

  • Collection of security margin upon disbursement.
  • Collection of sinking funds upon receipt of progress / interim payments / advanced payment.
  • Request to pay supplier through advanced payment receipt.
  • To manage preparation of instruction & compilation necessary documents to Branch for opening of Escrow Account, OD / Cash line-i Restricted Account, & Sinking Fund Account.
  • To manage instructions on operational matters to Business Financial Support (BFS) for all operational issue.
  • To manage recovery aspect for contract financing portfolios by minimizing risks, preventing losses, maximizing recoveries and restoring profits on problem accounts.

    • Accountabilities

  • To check and confirm with Finance Department of Awarding Party that the Assignment / ILI has been served and executed, and also Customer’s / Main Contractor’s (if applicable) Escrow Account has been tagged in the Awarding Party’s payment system.
  • Pre-financing facility - Must be supported by Purchase Order (PO), Invoices, Delivery Order (DO) etc., payable directly to suppliers / sub-contractor. The tenor for suppliers shall be calculated from the delivery order date or invoice date whichever is later.
  • Post-financing - Must be supported by claim invoices / services completion certificate, etc. The tenor shall be calculated from the last signed date.
  • Together with RMs is to check and follow-up on claim invoices / purchase orders / services completion certificate or any other documents allowed by the Bank submitted by customer. Thereafter, liaise with Awarding Party / Main Contractor on the contract / project collections.
  • Joint site visit between VMU and RM, if necessary, to be conducted to Customer office and / or to Contract / Project site before each disbursement to ensure the request is against the latest progress works / claims.
  • To manage Customer instruction / request for disbursement / drawdown.
  • To manage all instruction / memo / invoices / correspondences from customer to the Bank shall be signed by the company’s authorized personnel as per the company’s resolution. The authorized signature shall be verified against the list of authorized signatories in the Authorized Signatory file. Should there be any differences, VMU may decide (at its discretion) not to proceed with the drawdown / settlement.
  • To verify borrower’s application / instruction against approved terms and conditions (e.g. supplier as per approved supplier’s list). For cases vary from the approved terms and conditions, approval from the relevant approving authority prescribed in the CAM / FAM or Credit Manual is needed prior to utilization.
  • To do site visit to be conducted for delay in the project progress against the original work programme by 10% to verify the next course of action to reduce the gap. Subsequently, monthly report on progress of the delay is to be submitted to GCM.
  • Tracking maturity :
  • To update tracking every disbursement and settlement of each facility and to be signed off by RM CF and Head CF.
  • To undertake tracking maturity of each facility and provide “trigger alarm” to RM for follow-up.
  • To ensure that utilizations are as per CAM / FAM approval.
  • Other Tasks
  • Relief functions as and when required.
  • Adhoc tasks as and when required.
  • Focus on monitoring of delinquent account.
  • To manage and identify early warning symptom of problem accounts and dig substantively underlying facts and bring clear issues to focus.
  • Proactively manage and monitor the accounts under Underperforming Stage 2 Accounts and Early Control to maximize full recovery.
  • Develop effective strategy and action plan with the RMs on account basis to ‘manage up’ or ‘manage out’ the problem accounts.
  • Weekly and monthly follow up on regularization of all overdue accounts - EOL, Overdue trade bills and arrears on term loans.
  • Underperforming Stage 2 and Early Control accounts :
  • Avoid surprises through early detection and identification and reporting of all problem accounts.
  • Dig substantively and develop facts and strategy.
  • Bring key issues into clear focus supported by a time bound account strategy.
  • Proactively manage Underperforming Stage 2 and Early Control accounts to reduce the loan exposure risk in order to maximize the likelihood of full recovery.
  • Prevent further deterioration of accounts into non-performing category.
  • Effectively managing the accounts within a targeted timeline.
  • To phase out unprofitable or problematic accounts with little likelihood of a turnaround and that which do not create value to the bank.
  • Completion of Reports
  • Preparing and ensure that all reporting under CVF completed to meet the dateline.
  • To liaise with Heads or RM for the latest information concerning the contract and projects especially for those that have been delayed compared to the last progressive report.
  • To call and workout with RM for better coordination on best solution to make good of an account.
  • To coordinate and update Heads / RMs on latest information on delayed project / contract.

    • Job Requirements

    Qualifications & Experience

  • Bachelor’s degree in Finance, Accounting, or related field.
  • Minimum 8 years of experience in corporate banking, credit operations, or vendor financing.
  • Strong understanding of contract structures, vendor management, and risk controls.
  • Experience in leading verification or monitoring functions is highly preferred.

    • #J-18808-Ljbffr

    Create a job alert for this search

    Verification • Kuala Lumpur, Kuala Lumpur, Malaysia

    Related jobs
    Vice President, Ops Transformation Solution Delivery (Test Lead) MY

    Vice President, Ops Transformation Solution Delivery (Test Lead) MY

    CIMB • Kuala Lumpur, Kuala Lumpur, Malaysia
    Vice President, Ops Transformation Solution Delivery (Test Lead) MY.Own and maintain the overall Testing Strategy and governance framework for Group Operations (GO). Define, implement and maintain s...Show more
    Last updated: 28 days ago • Promoted
    VP, Ops Transformation & Test Delivery

    VP, Ops Transformation & Test Delivery

    CIMB • Kuala Lumpur, Kuala Lumpur, Malaysia
    A leading financial services company in Kuala Lumpur is seeking a Vice President for Ops Transformation Solution Delivery. The ideal candidate will manage testing strategies, ensure compliance, and ...Show more
    Last updated: 11 hours ago • Promoted • New!
    Tech Delivery Lead — Cross-Functional Delivery Champion

    Tech Delivery Lead — Cross-Functional Delivery Champion

    Erudite Innovation • Kuala Lumpur, Kuala Lumpur, Malaysia
    A technology delivery firm seeks a Technology Delivery Lead in Kuala Lumpur to oversee the end-to-end delivery of technology initiatives. You will collaborate with cross-functional teams, drive agil...Show more
    Last updated: 11 hours ago • Promoted • New!
    Transaction Monitoring Analyst

    Transaction Monitoring Analyst

    RiDiK (a Subsidiary of CLPS. Nasdaq : CLPS) • Kuala Lumpur, Kuala Lumpur, Malaysia
    Get AI-powered advice on this job and more exclusive features.Conduct daily transaction monitoring task to timely clear and escalate the transactions in case management system per pre-defined TM pr...Show more
    Last updated: 30+ days ago • Promoted
    Transaction Monitoring (TM) Analyst (Petaling Jaya)

    Transaction Monitoring (TM) Analyst (Petaling Jaya)

    ACCA Careers • Petaling Jaya, Selangor, Malaysia
    Transaction Monitoring (TM) Analyst (Petaling Jaya).Transaction Monitoring (TM) Analyst (Petaling Jaya).For further information, and to apply, please visit our website via the “Apply” button below....Show more
    Last updated: 30+ days ago • Promoted
    Compliance Monitoring Lead — Data-Driven Oversight

    Compliance Monitoring Lead — Data-Driven Oversight

    CIMB • Kuala Lumpur, Kuala Lumpur, Malaysia
    A major financial institution is seeking a Manager - Compliance Monitoring in Kuala Lumpur, Malaysia.You will be responsible for leading compliance reviews, enhancing monitoring programs, and ensur...Show more
    Last updated: 7 days ago • Promoted
    Partnership Renewal-SM Monitoring Tools SME

    Partnership Renewal-SM Monitoring Tools SME

    Accenture Southeast Asia • Kuala Lumpur, Kuala Lumpur, Malaysia
    You will be responsible for evaluating, designing, configuring, and integrating monitoring solutions, specifically SolarWinds, xMatters, and Commvault into the client's IT environment.This role dem...Show more
    Last updated: 30+ days ago • Promoted
    Vice President, Ops Transformation & Testing Delivery

    Vice President, Ops Transformation & Testing Delivery

    CIMB • Kuala Lumpur, Kuala Lumpur, Malaysia
    A leading financial services firm in Kuala Lumpur is seeking a Vice President for Ops Transformation Solution Delivery.You will oversee the testing strategy, ensuring compliance and quality assuran...Show more
    Last updated: 11 hours ago • Promoted • New!
    SEA Monitoring & Remediation Lead — Audit Quality & Improvement

    SEA Monitoring & Remediation Lead — Audit Quality & Improvement

    ACCA Careers • Kuala Lumpur, Kuala Lumpur, Malaysia
    A leading multinational professional services firm in Kuala Lumpur is seeking a Manager / Senior Manager for SEA Monitoring & Remediation. The ideal candidate will have strong audit and quality experi...Show more
    Last updated: 11 hours ago • Promoted • New!
    Transaction Monitoring Analyst

    Transaction Monitoring Analyst

    Digital Treasures Center Pte. Ltd. • Kuala Lumpur, Kuala Lumpur, Malaysia
    MAS-licensed payment service provider that bridges traditional finance and digital assets.We enable businesses to accept and make payments in both fiat and digital currencies, delivering secure, ef...Show more
    Last updated: 30+ days ago • Promoted
    Transaction Monitoring Analyst

    Transaction Monitoring Analyst

    Tata Consultancy Services • Kuala Lumpur, Kuala Lumpur, Malaysia
    Direct message the job poster from Tata Consultancy Services.Talent Acquisition | Human Resource Executive | Tata Consultancy Service. Join Tata Consultancy Services, Asia Pacific and be part of an ...Show more
    Last updated: 14 days ago • Promoted
    Monitoring Supervisor

    Monitoring Supervisor

    Tec D Malaysia • Petaling Jaya, Selangor, Malaysia
    Be among the first 25 applicants.Direct message the job poster from Tec D Malaysia.The VMT Supervisor runs a team of VMT in KL, motivates and manages performance of the individuals to meet all serv...Show more
    Last updated: 30+ days ago • Promoted
    Transaction Surveillance Analyst

    Transaction Surveillance Analyst

    OCBC • Kuala Lumpur, Kuala Lumpur, Malaysia
    Transaction Surveillance Analyst – OCBC.Location : KL Eco City, Federal Territory of Kuala Lumpur, Malaysia.OCBC, Singapore’s longest established bank, is dedicated to enabling individuals and busin...Show more
    Last updated: 30+ days ago • Promoted
    Fraud & Transaction Monitoring Analyst

    Fraud & Transaction Monitoring Analyst

    Razer Inc. • Shah Alam, Selangor, Malaysia
    Joining Razer will place you on a global mission to revolutionize the way the world games.Razer is a place to do great work, offering you the opportunity to make an impact globally while working ac...Show more
    Last updated: 1 day ago • Promoted
    Compliance Operations Lead (KYC) - Rotational Shift

    Compliance Operations Lead (KYC) - Rotational Shift

    Confidential • Kuala Lumpur, Kuala Lumpur, Malaysia
    Compliance Operations Lead (KYC) - Rotational Shift.Respond to team members’ queries and make further escalations when necessary. Monitor team productivity and perform quality checks on the team's w...Show more
    Last updated: 30+ days ago • Promoted
    Manager / AVP, Data Loss Monitoring, Group Risk Management

    Manager / AVP, Data Loss Monitoring, Group Risk Management

    OCBC • Kuala Lumpur, Kuala Lumpur, Malaysia
    OCBC Bank is Singapore’s longest established bank, formed in 1932 through the merger of three local banks, the oldest of which was founded in 1912. We are committed to helping individuals and busine...Show more
    Last updated: 21 days ago • Promoted
    Assistant Vice President, GT-TBS, GCDB Application Delivery Non-Digital, eComm / CAF (eComm Appli[...]

    Assistant Vice President, GT-TBS, GCDB Application Delivery Non-Digital, eComm / CAF (eComm Appli[...]

    CIMB • Kuala Lumpur, Kuala Lumpur, Malaysia
    Assistant Vice President, GT-TBS, GCDB Application Delivery Non-Digital, eComm / CAF (eComm Application Lead).CIMB Kuala Lumpur, Federal Territory of Kuala Lumpur, Malaysia.Be among the first 25 appl...Show more
    Last updated: 11 days ago • Promoted
    Technology Delivery Lead

    Technology Delivery Lead

    Erudite Innovation • Kuala Lumpur, Kuala Lumpur, Malaysia
    The Technology Delivery Lead is responsible for driving the successful end-to-end delivery of technology initiatives across cross-functional teams including engineering, product, QA, UX, and data.T...Show more
    Last updated: 11 hours ago • Promoted • New!