Head of Loan Recovery (FVP-VP)

Job Description

Title: Head of Loan Recovery (FVP-VP)

Company Name: Modhumoti Bank Limited

Vacancy: Undefined

Job Location: Dhaka

Employment Status: Full-time

Educational Requirements:
∎ Minimum Graduation in any discipline from a reputed university having no 3rd class in his / her academic record.

Experience Requirements:
∎ 12 to 15 year(s)

Job Responsibilities:
∎ Design and implement recovery strategies for reducing Non Performing Loan (NPL) to achieve the overall recovery target of the Bank.
∎ Trace out borrowers absconded or whose business is closed or shifted to other places.
∎ Monitor overdue loans and propose action plan.
∎ Maintain category wise up-to-date loan database and provide MIS reports.
∎ Arrange meeting with the defaulted borrowers for recovery/regularization/settlement of the accounts.
∎ Reduce CL ratio of the Bank through maximization of cash recovery/regularization.
∎ Arrange approval of the competent authority for regularizing/rescheduling/settling of liability in compliance with regulatory and Bank's own guidelines
∎ Initiate appropriate legal action through Bank's enlisted Panel Lawyer i.e. issuing legal notice, filing suit, publishing auction notice etc.
∎ Write-off NPLs against which all the avenues are exhausted
∎ Any other job/instruction as and when assigned by the Management of the Bank.

Additional Requirements:
∎ 12-15 years' experience in Bank or related field.
∎ Candidate having LLB degree will be given preference.
∎ Able to handle highly complex operating environments.
∎ Strong decision-making, analytical and communication skills.
∎ Fresh Candidates need not to apply.
∎ Candidates having break of services need not to apply

Salary: Negotiable

Application Deadline: May 2, 2019

Company Information:
∎ Modhumoti Bank Limited
∎ Address : Head Office, 4th Floor, DCCI Building, 65-66 Motijheel C/A, Dhaka
∎ Web : www.modhumotibankltd.com

Category: Bank/Non-Bank Fin. Institution

Source: bdjobs.com

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