Antigua Commercial Bank is seeking to recruit a qualified and experienced individual for the position of Manager – Corporate Banking to provide strong support to the Senior Manager Credit by ensuring the profitable and effective management and growth of the Corporate Banking portfolio, exercising effective credit judgement, developing new products, cross-selling existing products, providing exceptional customer service and ensuring all opportunities for increased market share and revenue are addressed in accordance with ACB’s strategy and policies.

The duties to be performed include, but are not limited to the following:

  • Ensures that corporate accounts are profitably managed with the portfolio delinquency of the department no greater than 5% of portfolio value/number of accounts.
  • Ensures that penalties paid with respect to the transfer of accounts to Recoveries (20% of Loan Value) do not exceed $ value/department target set (1% of portfolio value).
  • Ensures that all required documentation and security are properly in place before loan disbursement and that ACB achieves at least a Satisfactory or better Audit rating from ECCB/Audit and does not suffer any financial loss or negative exposure due to a lack of care in this area.
  • Researches and analyses the return on Corporate Banking products and services, reviewing existing and new products in collaboration with the Marketing Department and reviewing and implementing fee structures that are competitive and realistic.
  • Manages the department’s workflow effectively, completing management reports/returns accurately and on time, distributing work equitably in order to ensure that routine and credit operations are efficiently carried out.
  • Aggressively ensures the maintenance of the quality of the loans portfolio, through timely and efficient credit management, strict monitoring and control of overdraft and loan balances at least on a monthly basis and the utilisation of effective problem solving techniques to control risk.
  • Ensures the careful evaluation of all loan requests- interviewing applicants, analysing financial data, visiting premises, confirming collateral security, checking references and assessing risk accurately-in order to recommend or decline approval and to ensure the proper disbursement of funds and/or the courteous communication of a declined credit.
  • Evaluates delinquent loan portfolio, making and approving recommendations for stronger action, letter of demand, bad debt provisions, transfer to Recoveries unit, legal action, foreclosure, liquidation etc.
  • Monitors the loan portfolio closely via various related credit reports and other means to ensure that deteriorating situations are identified and prompt action taken to correct them or to mitigate losses to the Bank, ensuring that these accounts are brought to Management’s attention with sound recommendations in a timely manner in order to determine how they should be handled going forward.

To perform the job successfully the individual must have:
  • At least a First Degree or Post-Graduate Diploma in Business/Finance/Management or relevant field
  • Work experience of a minimum of four (4) years’ in Commercial Lending and eight (8) to ten (10) years progressively responsible Banking experience
  • Strong communications, writing and leadership skills
  • Sound analytical and risk assessment skills
  • Demonstrates the ability to market and promote the Bank’s products and services
  • Demonstrates strong business/profit orientation skills

Compensation: An attractive package inclusive of Pension Plan and Medical Insurance.

Applications with résumé and three character references must be submitted to:
“Manager – Corporate Banking”
Human Resource Department
Antigua Commercial Bank
Thames and St. Mary’s Streets
P.O. Box 95, St. John’s, Antigua

Suitable applications received by March 15, 2019 will be acknowledged.