AVP, Recovery & Monitoring

Job Description

Title: AVP, Recovery & Monitoring

Company Name: Uttara Finance and Investments Limited

Vacancy: --

Location: Dhaka (Tejgaon)

Salary: Tk. 85000 - 95000 (Monthly)

Experience:
∎ At least 15 years

Published: 19 Dec 2024

Education:
∎ Master of Business Administration (MBA) in Marketing

Requirements:

Additional Requirements:
∎ Minimum 15 years of experience in the banking/ FI industry.
∎ Strong professional knowledge on fiscal laws of Bangladesh;
∎ Strong knowledge of Bangladesh Bank circulars and regulations;
∎ Minimum 15 years of experience in the banking/ FI industry.
∎ Strong professional knowledge on fiscal laws of Bangladesh;
∎ Strong knowledge of Bangladesh Bank circulars and regulations;

Responsibilities & Context:
∎ Job Location: Tejgaon (Head Office), Dhaka
∎ Managing classified portfolio of Uttara Finance & Investments Limited consist of Corporate/SME clients with “special attention” status.
∎ Close daily monitoring of all client’s activities, plans and actions; consulting and negotiation.
∎ Applying of special measures for loan recovery and monitoring of further repayment after recovery treatment.
∎ Daily monitoring of Bangladeshi corporate market, primarily financial and legal aspects of industries directly related to Recovery Banking clients.
∎ Recognizing early business deterioration signals and suggesting the implementation of optimal recovery methods and/or collection.
∎ Managing all daily Recovery team business activities, portfolio management, reporting, communication and cooperation with different units.
∎ Managed and supervised a legal house to provide advice on legal matters.
∎ Monitoring all legal process under N.I. Act & Artha Rin Adalat.
∎ Regular basis physical follows up against write-off, litigated and 6+overdue clients.
∎ Follow up & try to collect overdue.
∎ Out of court negotiate under litigated clients.
∎ Warrant copy collects from the Court & try to execute through near police station of those litigated client.
∎ Prepare weekly top overdue client’s report.
∎ Prepare litigated, write off & Block accounts report for Bangladesh bank.
∎ Prepare actual & expected collection report.
∎ Check monthly MIS overdue report.
∎ Follow up & update branch overdue position.
∎ Discuss with the default clients regarding settlement of overdue rent.
∎ Personal visit to clients (office and factory) for follow up purpose.
∎ Provide letters/reminders/documents to the client which issued by collection department.
∎ Uttara Finance and Investments Limited, a joint venture leasing and financing company, registered as a nonbanking financial institution in the year 1995 with license from Bangladesh Bank to operate and transact all kinds of business as provided under the relevant laws. UFIL upholds its commitment towards the development of financial service sector by offering high quality services to the local entrepreneurs. With its continuous drive to improve, UFIL is well on the track to be considered as one of the leading Financial Institutions of the country.
∎ Job Location: Tejgaon (Head Office), Dhaka
∎ Job Responsibility:
∎ Managing classified portfolio of Uttara Finance & Investments Limited consist of Corporate/SME clients with “special attention” status.
∎ Close daily monitoring of all client’s activities, plans and actions; consulting and negotiation.
∎ Applying of special measures for loan recovery and monitoring of further repayment after recovery treatment.
∎ Daily monitoring of Bangladeshi corporate market, primarily financial and legal aspects of industries directly related to Recovery Banking clients.
∎ Recognizing early business deterioration signals and suggesting the implementation of optimal recovery methods and/or collection.
∎ Managing all daily Recovery team business activities, portfolio management, reporting, communication and cooperation with different units.
∎ Managed and supervised a legal house to provide advice on legal matters.
∎ Monitoring all legal process under N.I. Act & Artha Rin Adalat.
∎ Regular basis physical follows up against write-off, litigated and 6+overdue clients.
∎ Follow up & try to collect overdue.
∎ Out of court negotiate under litigated clients.
∎ Warrant copy collects from the Court & try to execute through near police station of those litigated client.
∎ Prepare weekly top overdue client’s report.
∎ Prepare litigated, write off & Block accounts report for Bangladesh bank.
∎ Prepare actual & expected collection report.
∎ Check monthly MIS overdue report.
∎ Follow up & update branch overdue position.
∎ Discuss with the default clients regarding settlement of overdue rent.
∎ Personal visit to clients (office and factory) for follow up purpose.
∎ Provide letters/reminders/documents to the client which issued by collection department.

Skills & Expertise:

Employment Status: Full Time

Job Location: Dhaka (Tejgaon)

Read Before Apply:

If you think that you are the right person we are looking for, please submit your updated resume in confidence with a detailed CV along with names and contact information of 2 (two) references, a cover letter supporting the qualification of the candidate for the position and a copy of recent passport size color photograph to Head of Human Resources, Uttara Finance and Investments Limited through e-mail: [email protected] mentioning the position in the subject line of the email by December 31, 2024.;

UFIL is an equal opportunity employer. Persuasion of any kind will be automatically judged as disqualification.