Loan Recovery Officer (Officer – FAVP)
Job Description
Title: Loan Recovery Officer (Officer – FAVP)
Company Name: Modhumoti Bank PLC
Vacancy: --
Location: Dhaka
Salary: Negotiable
Experience:
∎ At least 3 years
∎ The applicants should have experience in the following business area(s):Banks
Published: 9 Dec 2024
Education:
∎ Bachelor/Honors
Requirements:
Responsibilities & Context:
∎ To regularly review and follow up on Non-Performing Loans (NPLs) to ensure effective monitoring and management.
∎ To conduct visits to defaulting customers, preferably in coordination with branch officials, and provide comprehensive loan reviews supported by detailed call/visit reports.
∎ To prepare Loan Summary Sheets and Loan Liability positions to provide updated account information on a monthly or on-demand basis.
∎ To prepare memos, minutes, office notes, etc., for loan rescheduling, settlement, and write-offs, and to obtain approvals from the bank's competent authority as required.
∎ To visit branches and meet defaulting borrowers, as required, on a demand basis.
∎ To prepare action plans and recovery strategies on a demand-driven, monthly, or quarterly basis.
∎ To arrange and participate in meetings with defaulting customers on a demand basis.
∎ To regularly follow up with branches to ensure that rescheduled or settled accounts are repaid in accordance with the sanctioned terms.
∎ To ensure compliance with all requirements set by Bangladesh Bank.
∎ To prepare responses to audit observations raised by Bangladesh Bank.
∎ To prepare responses to observations related to the Comprehensive Risk Management rating.
∎ To prepare responses to observations related to CAMELS rating, financial position, and Quick Review Report.
∎ To address and resolve queries raised by external auditors.
∎ To prepare responses to observations raised by external auditors.
∎ To address and resolve queries raised by internal audit.
∎ To prepare and report various types of statements, including internal and external reports.
∎ To regularly review and follow up on Non-Performing Loans (NPLs) to ensure effective monitoring and management.
∎ To conduct visits to defaulting customers, preferably in coordination with branch officials, and provide comprehensive loan reviews supported by detailed call/visit reports.
∎ To prepare Loan Summary Sheets and Loan Liability positions to provide updated account information on a monthly or on-demand basis.
∎ To prepare memos, minutes, office notes, etc., for loan rescheduling, settlement, and write-offs, and to obtain approvals from the bank's competent authority as required.
∎ To visit branches and meet defaulting borrowers, as required, on a demand basis.
∎ To prepare action plans and recovery strategies on a demand-driven, monthly, or quarterly basis.
∎ To arrange and participate in meetings with defaulting customers on a demand basis.
∎ To regularly follow up with branches to ensure that rescheduled or settled accounts are repaid in accordance with the sanctioned terms.
∎ To ensure compliance with all requirements set by Bangladesh Bank.
∎ To prepare responses to audit observations raised by Bangladesh Bank.
∎ To prepare responses to observations related to the Comprehensive Risk Management rating.
∎ To prepare responses to observations related to CAMELS rating, financial position, and Quick Review Report.
∎ To address and resolve queries raised by external auditors.
∎ To prepare responses to observations raised by external auditors.
∎ To address and resolve queries raised by internal audit.
∎ To prepare and report various types of statements, including internal and external reports.
Skills & Expertise:
Workplace:
∎ Work at office
Employment Status: Full Time
Job Location: Dhaka
Read Before Apply:
https://career.modhumotibank.net/JobCircular/JobDetails?jobId=q6pQkyuJ02jeH8Rk2HiV9A==
Apply URL::
Apply Procedure:
Company Information:
∎ Modhumoti Bank PLC
∎ Modhumoti Bank, Head Office, Khandaker Tower (7-8 Floor), 94 Gulshan Avenue, Gulshan-1, Dhaka-1212
∎ Our vision is to lead the new generation of local commercial banks by excelling in customer delivery through insight empowered employees, smart use of technology and a full range of highest quality products and services.
Address::
∎ Modhumoti Bank, Head Office, Khandaker Tower (7-8 Floor), 94 Gulshan Avenue, Gulshan-1, Dhaka-1212
∎ Our vision is to lead the new generation of local commercial banks by excelling in customer delivery through insight empowered employees, smart use of technology and a full range of highest quality products and services.
Application Deadline: 19 Dec 2024
Category: Bank/Non-Bank Fin. Institution
