Job Description
Title: Head of Investment Recovery Department
Company Name: Hajj Finance Company Limited (HFCL)
Vacancy: --
Age: at most 50 years
Location: Dhaka
Experience:
∎ 10 to 15 years
Published: 4 Feb 2025
Education:
∎ Post Graduate Degree in any discipline preferably in Business with no Third (3rd) Division/Class/CGPA from any reputed university.
∎ Post Graduate Degree in any discipline preferably in Business with no Third (3rd) Division/Class/CGPA from any reputed university.
Requirements:
Additional Requirements:
∎ Age at most 50 years
∎ Not more than 50 years (as on January 31, 2025). May be relaxed in case of exceptional candidates.
∎ Minimum 10-15 years' experience in any reputed bank or non-bank financial institution out of which at least 08-12 years practical exposure in special assets management or recovery related experience of a bank / FI. Preference shall be given to the candidates who are working as Head of Recovery Department in any reputed bank or NBFI. May be relaxed in case of exceptional candidates.
∎ The candidate must have a clear idea about functions and major structure of investment recovery activities of a commercial bank or NBFI and knowledge of legal matters on recovery.
∎ Additional Requirements
∎ Strong command over MS Office specially Microsoft Word, Excel, PowerPoint, etc.
∎ Excellent inter personal skills along with excellent proficiency in Bengali & English.
∎ Ability to work with Top Management.
∎ Leadership and Team Management skills.
∎ Not more than 50 years (as on January 31, 2025). May be relaxed in case of exceptional candidates.
∎ Minimum 10-15 years' experience in any reputed bank or non-bank financial institution out of which at least 08-12 years practical exposure in special assets management or recovery related experience of a bank / FI. Preference shall be given to the candidates who are working as Head of Recovery Department in any reputed bank or NBFI. May be relaxed in case of exceptional candidates.
∎ The candidate must have a clear idea about functions and major structure of investment recovery activities of a commercial bank or NBFI and knowledge of legal matters on recovery.
∎ Additional Requirements
∎ Strong command over MS Office specially Microsoft Word, Excel, PowerPoint, etc.
∎ Excellent inter personal skills along with excellent proficiency in Bengali & English.
∎ Ability to work with Top Management.
∎ Leadership and Team Management skills.
Responsibilities & Context:
∎ Establish & implement SAM policies for management of classified Assets specially in Corporate and SME
∎ Coordinate with internal & external legal counsels in dealing with classified accounts to ensure implementation of best legal strategies
∎ Pro-actively participate to increase influence over the outcome of restructuring/settlement plans/solutions
∎ Meet clients, other creditors, consultants, etc. as required for managing the SAM accounts (SME)
∎ Budget for annual expenses of SAM to ensure recovery at minimum costs & maximum profit
∎ External: Communicate with Regulatory bodies, creditors, external legal counsel, consultants and regulators
∎ (A Bangladesh-Malaysia Joint Venture Shariah-Based Non-Banking Financial Institution)
∎ First Assistant Vice President (FAVP) / Executive Vice President (EVP)
∎ Head of Investment Recovery Department
∎ Job Context
∎ HFCL is looking for capable, confident and enthusiastic individuals for working as Head of Investment Recovery.
∎ Recovery/Regularization/Rescheduling of Classified Loans/NPL portfolio in line with laws and practices
∎ Job Responsibilities
∎ Policies & Procedures:
∎ Establish & implement SAM policies for management of classified Assets specially in Corporate and SME
∎ Coordinate with internal & external legal counsels in dealing with classified accounts to ensure implementation of best legal strategies
∎ Pro-actively participate to increase influence over the outcome of restructuring/settlement plans/solutions
∎ Meet clients, other creditors, consultants, etc. as required for managing the SAM accounts (SME)
∎ Budget for annual expenses of SAM to ensure recovery at minimum costs & maximum profit
∎ External: Communicate with Regulatory bodies, creditors, external legal counsel, consultants and regulators
Skills & Expertise:
Compensation & Other Benefits:
∎ Salary As per company policy
∎ Salary As per company policy
Employment Status: Full Time
Job Location: Dhaka
Company Information:
∎ Hajj Finance Company Limited (HFCL)
∎ Fazlur Rahman Center (1st Floor) 72, Dilkusha C/A, Dhaka- 1000, Bangladesh
∎ Hajj Finance Company Ltd. (HFCL) licensed by Bangladesh Bank under the Financial Institution Act 1993, is focusing on Shariah-based financial activities similar to other NBFIs.
Address::
∎ Fazlur Rahman Center (1st Floor) 72, Dilkusha C/A, Dhaka- 1000, Bangladesh
∎ Hajj Finance Company Ltd. (HFCL) licensed by Bangladesh Bank under the Financial Institution Act 1993, is focusing on Shariah-based financial activities similar to other NBFIs.
Read Before Apply: Please apply only who are fulfilling all the requirements of this job
Application Deadline: 13 Feb 2025
Category: Bank/Non-Bank Fin. Institution
