Omani and GCC Nationals only will be considered for this role. Role Purpose A skilled, reliable, efficient credit manager who will work with the Bank’s Retail Risk team to estimate costs of construction for retail properties whilst closely working with evaluators, contractors, developers, and architects with an objective to perform risk and value management.
The role will also be responsible to manage relationship with all vendors that the Bank have engaged for carrying out valuations and also engage with other parties to obtain data and information related to Oman Real estate.
The job holder will also be required to take credit decisions upon underwriting Mortgage applications and act as a back-up to the Head of Retail Credit Services.
Principal Accountabilities : Key activities and decision making areas Impact on the Business Support the Bank in making valuable Retail Mortgage credit decisions thereby identifying potential financial or construction risks by :
Reviewing architectural plans and prepare quantity needs.
Estimate quantity and costs of materials.
Analyse contracts and documents.
Assess budgets for payments, inventory needs, and materials.
Analyze costs for maintenance and additional building needs.
Track changes in construction plans.
Advise stage payments as per construction milestones.
Analyze completed projects to determine cost and value.
Ensure all credit facilities referred to RCS are decisional within the agreed SLA with the business and based on guidelines available in credit policy.
Act as a Relationship Manager for the Risk team and coordinate all 3rd party management related activities.
Act as a liaison between clients and site managers / engineers.
Develop and maintain working relationships with contractors and consultants.
Manage the relationship with the valuation companies including their performance.
Remain abreast with knowledge related to Oman Real estate in the field of local Laws and regulations. Customers / Stakeholders
Work with Branches and provide them the required support.
Support all business stakeholders by providing required support to streamline and expedite processes / work flows.
Religiously take ownership and accountability of any / all projects or tasks handed over by Line or Function Manager.
Knowledge and Experience / Qualifications
Bachelor’s degree in quantity surveying, construction engineering, management, or related field.
5-10 years of general construction estimating experience, financial experience, construction experience, or related field.
Proficient in computer skills and Microsoft Office Suite.
Able to analyze financial records and apply data to improved results.
Knowledge of real estate / construction law and regulations, as well as health and safety matters.
Preferable knowledge of property related tax, insurance and contract law, so that you understand the legal implications of any decisions.
Strong aptitude for numbers, spreadsheets, and financial reports.
In-depth understanding of construction, materials, pricing, and industry.
Able to analyze problems and strategize for better solutions.