Senior Executive, Recovery Asset Management

As a high performance organization, we offer our services through all our branches operating nationwide. Our key initiatives are driven by various action-plans to create a high level of engagement while nurturing the core values of S.M.I.L.E among the Talent Capital of the Bank.

Talent management and development are the cornerstone of our operations. We are continuously scouting for the right talents to fill up the roles as Senior Executive, Recovery Asset Management.

Responsibilities:

• Rescheduling & Restructuring/ Turnaround

1. To manage and execute recovery via rescheduling/ restructuring/ workout exercise for viable and potential accounts to be turned around;
2. To review and analyze impaired accounts under portfolio periodically and to determine the best course of actions to rehabilitate the accounts;
3. To prepare proposal memos for rescheduling/ restructuring/ workout programs for approval of relevant level of authorities (LOA);

• Recovery & Legal Action;

1. To proceed with litigation and foreclosure actions if avenues for rehabilitation/workout program did not materialize;
2. To manage, maximize and expedite collections for accounts under portfolio;

• Annual Review

1. To prepare proposal for Annual Review for approval of relevant level of authorities (LOA);
2. To review collateral/ security arrangement and on best effort basis to reduce incidents of having to provide impaired provision for bad debts.

• Reporting

1. Updating the following reports;
2. FIC’s matters arising; weekly basis;
3. BFIC and EARC, top 30 impaired;
4. Task force; and
5. Portfolio updating to Head, Asset Remedial.

• Identify the most appropriate actions to be taken for accounts under portfolio to maximize recovery;
• Implement and execute rehabilitation/workout plans on impaired accounts under portfolio including but not limited to restructuring, rescheduling, negotiated settlement, arrangement of payment in order to maximize recovery;
• Implement and execute workout plans to maximize recovery of impaired accounts under portfolio;
• To compile data and information and prepare financial reports as required by the respective parties and management on monthly basis or as and when required; and
• To prepare Annual Review timely as per AWAS.

Requirements:

• A minimum of a Bachelor’s degree or its equivalent in relevant fields.
• Minimum of 3 years of relevant experience in related industries; with good professional ethics and occupational track records.
• Skills and knowledge in credit analysis and recovery.
• Analytical, communication and listening skills.
• Computer skills.
• Legal knowledge.
• Understanding of general economic trend.
• Understanding of various type of financing facilities.