Since all the bank
files are stored in) CAD (Credit administration Department) so the bank asked
the department to change old files to a new ones. The first thing I did today
was changing them since Mohaned was busy with Mr Khalid the department director.
Later on I was given some tasks to do, to release Documents for “Real Estate Mortgage”.
Where first I have to read the given approval since its written specifically what
needed to be released, this is done physically through a printed form not through
a system.
Thursday, November 22, 2012
Tuesday, November 20, 2012
(Week 3)-November 19
Today I sat with Huda a senior
officer where she should me what should be done when they receives the deal
from CAD Documentation Section. They must check again the contracts that were
written by the Documentation + check if things from the check list are
available and if the right signatures are on the documents. Most Important things they ask for before
booking the deal in the system are (security Cheques and down payment invoice).
If anything is missing they list them on a table at the check list form and
email it to the responsible branch officer to provide the needed things. Later
I went to Mohanad the Head Assistant of Disbursement Manager where he showed me
a new facility which is “Real Estate” and explained the process and what needed
to done when they receive a real estate facility and type of security they ask for.
Monday, November 19, 2012
(Week3)-November 18
Today was my first
day in the CAD Disbursement Section. I sat with one of the disbursement
officers to explain to me about their work. He showed me what their section
does after Documentary finishes their work. He also showed me a Vahical Morabaha (Facility)
and explained what securities they need + check the contracts that documentary
did. Later on I went an sat with a senior officer to explain and show me more
how their work goes.
Tuesday, November 13, 2012
(Week2) - November 12
Today I did
Real Estate Morabaha (it a type of a facility in the department) for a
customer. Where first I checked what the approval is asking, then I sent email
to the branch officer with a list of Documentary requirement that we need.
After all documents are available and valid we will start the Morabaha
calculation (to know the number of instulmment and their amount +to know the
selling price of the Real Estate that the customer will pay) where still my
colleague is checking my work before handling to the CAD documentary manager for the final check and to be sign
it. Secondly we will do the Purchase contract (this is between the bank and
ASAS Company) and then the sale contract (this is between the bank and the customer)
(Week 2) November 11
Today
morning the department director called me to his offices. First of all he
welcomed me again to the department he asked me how the work is and what did I
learned in my first week. He also asked me to explain what I have learned so I
had told him I first started in the Documentation section where they were just
explaining to me their work and I was seeing them so that I can connect their
explanation with the real work. We even
had discussed more about the facilities and what each facility means and who
does it benefit the customer and so on.
Before I left the offices he asked my colleagues to start explain a
facility and shows me how to start when we receive the approval from the
responsible department in the bank.
Wednesday, November 7, 2012
(Week1)-November 7, 2012
Today was a tough day there was a lot of approvals for the
department that were pending because the officer that was responsible to separate
each approval to the right section was absent. So today one of my documentary section colleagues
took the responsibility and I helped my colleague by prepare all the approvals in
one list then separate each approval to the right section in the department. Preparing
a list for the approval was not my job it was my colleague’s responsibility because
she should take it from the system. My responsibility
was to check the approvals by checking the customer’s name and account number from
the list that was don then give them back to my colleagues so that she gives
them to the sections managers. Secondly I had helped some other colleagues is
scanning some cheques for the filling.
Monday, November 5, 2012
(Week1)- November 5, 2012
Today I went to the HR department and
asked for the HR officers that the college career center contacted for my work
placement that I came to pick my work plan but I was told that there isn’t one
ready for me. But he told me that he will ask my manager in my department to prepare
a work plan for me. In addition, I asked the HR officer if it’s possible for me
to be rotated in different department but he told me it’s not possible because
the college is asking the trainee (us) manager to evaluate the student but it
not possible for each department to evaluate us in just in few days or one
week. Later on I discussed with my manger what the HR officer told me that he
will ask her to prepare a work-plan for me. She told me that she and the
department director discussed what I will be doing during my work placement
period and decided to rotate me within the department its self
because the department I’m in has 4 sections so I’ll be in each section for at
least 1 week or more it depends.
The work I did today was similar to
what the girls in the documenter section had explained to me yesterday but
today they showed me the calculation program they are using and for what they
are using it for in their section. For the calculation part the girls just explained
to me how they use the calculation program but they could let me use the
program because each staff has a password to access the program. However, they
wanted to show me the calculation part so that I’ll know why I need to do the
calculation for. in addition, later on I sat with my manger and stared asking her to
explain to me more about the department and I knew that our department the “Credit
Admin”. Credit Admin department deals with spreading loans (credit
facility) to customers before authorization advice it’s the most important
department in the bank and any deal the branches do the security files should
come to the Credit admin department.
Sunday, November 4, 2012
(Week 1)- Novembe 4.2012
In my first day I was a bit nervous at
the begging. I reached the bank at 7:50 and the bank main door was still closed
and the security told me to wait until 8 o’clock. After the bank opened I asked
the reception what floor is the HR department in. I went to the HR department and
told the receptions that I’m a trainee so they asked me to wait a while tell
they inform the staff inside. Then one
of the HR department staff came and welcomed me and took me to a small meeting
room to know more about me. I was told that my work plan is ready but the persona
that is responsible about it was absent and I’ll get it the second day. Then the
lady took me to the department I’ll be working in which is called “Credit Admin”
then introduced me to the department director then took me to my manager. What I
didn’t like that when the HR officer took me to my manager she left me and went
without say something and I felt I am lost. My manager was sick I could speak a
lot but I started asking her about the department and she gave me brief answer
which I still didn’t understand. Later after half an hour she stared explain to
me about the department and things they do and how. Then then we took a break
and came back at 1 where my manager took me to the girls that are under her. So
they showed me the document they should have and what things they need to check
and explained to me briefly the process. But what worried me that I haven’t felt
that they are going to give me work to do they were just explaining but never
mentioned that I should know certain type of task I’ll do. But hopefully I’ll
ask them to give me work if they didn’t.
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