Head of Special Asset Management (SAM) in the rank of AVP/SAVP

Job Description

Title: Head of Special Asset Management (SAM) in the rank of AVP/SAVP

Company Name: IIDFC PLC

Vacancy: --

Location: Dhaka

Experience:
∎ 8 to 10 years

Published: 28 Oct 2024

Education:
∎ Candidate should be graduate/Post graduate preferably in Finance, Accounting, Business Administration, Law or a related field or any discipline from any recognized university.
∎ Candidate should be graduate/Post graduate preferably in Finance, Accounting, Business Administration, Law or a related field or any discipline from any recognized university.

Requirements:

Additional Requirements:
∎ Minimum of 8-10 years of experience in special asset management, credit risk, or NPL management, with at least 5 years in a leadership role.
∎ In-depth knowledge of Bangladesh Bank regulations and guidelines on classified loans and provisioning.
∎ Strong analytical, negotiation, and communication skills.
∎ Proven track record of managing NPL and recovering written-off loans in a financial institution.
∎ Experience with legal processes, including case management, auction procedures, and collaboration with law enforcement agencies.
∎ Leadership skills with the ability to train and manage team, and work closely with cross-functional departments like Accounts, Business, and Legal.
∎ Minimum of 8-10 years of experience in special asset management, credit risk, or NPL management, with at least 5 years in a leadership role.
∎ In-depth knowledge of Bangladesh Bank regulations and guidelines on classified loans and provisioning.
∎ Strong analytical, negotiation, and communication skills.
∎ Proven track record of managing NPL and recovering written-off loans in a financial institution.
∎ Experience with legal processes, including case management, auction procedures, and collaboration with law enforcement agencies.
∎ Leadership skills with the ability to train and manage team, and work closely with cross-functional departments like Accounts, Business, and Legal.

Responsibilities & Context:
∎ Develop and execute strategies to settle classified loans (SS, DF, BL, Written-Off).
∎ Set recovery targets for classified and written-off loans to maximize recovery.
∎ Formulate plans to manage interest suspense and provisions, boosting profitability.
∎ Monitor account data (Outstanding, EMI, CL status, provisions) across reporting formats.
∎ Prepare memos for rescheduling, restructuring, settlement, write-offs, and loan closures.
∎ Collaborate with auditors (internal, external, Bangladesh Bank) for audits and inspections.
∎ Manage NPL portfolio in compliance with Bangladesh Bank policy/Guidelines and ensure follow-up of overdue accounts.
∎ Train and supervise collection, recovery, and legal teams.
∎ Present monthly updates on portfolio health and recovery to senior management.
∎ Contribute to annual business planning, budgeting, and strategy formulation.
∎ IIDFC - an active player in the Financial Market is a leading non-banking financial institution promoted by ten banks both from public and private sector, three insurance companies and Investment Corporation of Bangladesh (ICB).
∎ IIDFC is looking for an experienced and dynamic person in the position of Head of Special Asset Management to join our team and lead the recovery and management of non-performing loan (NPL) and classified assets.
∎ Job-Location Head Office
∎ Key Responsibilities:
∎ Develop and execute strategies to settle classified loans (SS, DF, BL, Written-Off).
∎ Set recovery targets for classified and written-off loans to maximize recovery.
∎ Formulate plans to manage interest suspense and provisions, boosting profitability.
∎ Monitor account data (Outstanding, EMI, CL status, provisions) across reporting formats.
∎ Prepare memos for rescheduling, restructuring, settlement, write-offs, and loan closures.
∎ Collaborate with auditors (internal, external, Bangladesh Bank) for audits and inspections.
∎ Manage NPL portfolio in compliance with Bangladesh Bank policy/Guidelines and ensure follow-up of overdue accounts.
∎ Train and supervise collection, recovery, and legal teams.
∎ Present monthly updates on portfolio health and recovery to senior management.
∎ Contribute to annual business planning, budgeting, and strategy formulation.

Compensation & Other Benefits:
∎ Competitive salary and benefits package.
∎ Provident Fund & Gratuity Fund
∎ Group Life & Health Insurance
∎ Mobile Bill
∎ Leave Fair Assistance
∎ Competitive salary and benefits package.
∎ Provident Fund & Gratuity Fund
∎ Group Life & Health Insurance
∎ Mobile Bill
∎ Leave Fair Assistance

Employment Status: Full Time

Job Location: Dhaka

Read Before Apply:

***Only the candidates who meet the above-mentioned requirements are requested to apply IIDFC is an equal opportunity employer Chamber Building (2nd, 6th& 7thFloor),122-124, Motijheel C/A, Dhaka-1000

Company Information:
∎ IIDFC PLC
∎ Chamber Building (2nd, 6th & 7th Floor), 122-124, Motijheel C/A, Dhaka-1000
∎ IIDFC - an active player in the Financial Market is a non-bank financial institution promoted by ten banks both from public and private sector, three insurance companies and Investment Corporation of Bangladesh (ICB).

Address::
∎ Chamber Building (2nd, 6th & 7th Floor), 122-124, Motijheel C/A, Dhaka-1000
∎ IIDFC - an active player in the Financial Market is a non-bank financial institution promoted by ten banks both from public and private sector, three insurance companies and Investment Corporation of Bangladesh (ICB).

Application Deadline: 14 Nov 2024

Category: Bank/Non-Bank Fin. Institution