Closing: Jan 30, 2023
This position has expiredPublished: Jan 24, 2023 (8 days ago)
Job Requirements
Education:
Work experience:
Language skills:
Job Summary
Contract Type:
Sign up to view job details.
Managing the assigned portfolio at risk while implementing suitable debt management strategies so as to minimize impairment. A clearly defined strategy for following up and returning the accounts to full performing status must be documented on each name.
Ideal Job Specifications
- University degree Upper 2nd Class Honors or 3.0 GPA
Professional:
- Computer literate
- Relevant professional qualification in Banking, Risk Management and Law an added advantage.
- Legal knowledge is highly desirable
Desired work experience:
- At least 4 years work experience in a bank or financial services institution of which at least 2 years should have been in remedial management (Debt Collections and/or Recoveries).
Responsibilities
Managing the assigned portfolio at risk while implementing suitable debt management strategies so as to minimize impairment. A clearly defined strategy for following up and returning the accounts to full performing status must be documented on each name.
Ideal Job Specifications
- University degree Upper 2nd Class Honors or 3.0 GPA
Professional:
- Computer literate
- Relevant professional qualification in Banking, Risk Management and Law an added advantage.
- Legal knowledge is highly desirable
Desired work experience:
- At least 4 years work experience in a bank or financial services institution of which at least 2 years should have been in remedial management (Debt Collections and/or Recoveries).
Daily management of assigned portfolio of facilities in default between 1-90 days and/or not yet downgraded:
Collection of past due amounts from funded accounts.
Monitoring telephonic collections deliverables
Analysis of credit default risk including watch accounts and implementing appropriate rehabilitation options.
Implementing appropriate exit strategies
Analysis of accounts in past due, raising red flags and recommending to the Bank through the supervisor, exit or rehabilitation strategies, and in case of discount/waiver request, can recommend discount or waiver not exceeding 20% of the total exposure of an account.
Taking action to minimize monthly impairment charges from bad loans.
Analyzing and recommending capitalization and restructure requests for approval, including those above the limit of direct reports.
Reviewing restructure requests and other exit strategies from direct reports and recommending approval/decline Negotiating with clients and coming up with suitable exit strategies for delinquent accounts within assigned portfolio.
Monthly downgrading/classification of accounts: reviewing delinquent accounts recommended by direct reports to be placed on lock-up (classified/downgraded) and those to be exempted.
Liaising with and co-opting the assistance of all Business Units as may be necessary to arrange recovery of arrears accounts.
Working and liaising with external agencies
Taking appropriate actions as per the applicable process flow
Foreclosure (security realization) processing as appropriate
Participating in court litigations or arbitration on behalf of the bank as may be called upon
Analyzing credit default risk in light of potential shocks in the industry and recommending appropriate actions.
Authorization of transactions done by direct reports
Expense Control goals.
Conducting scheme reviews
Any other duty as may be assigned by the supervisor
Applications submitted via Fuzu have 32% higher chance of getting shortlisted.
