Loan Recovery Officer (Officer –FAVP)

Job Description

Title: Loan Recovery Officer (Officer –FAVP)

Company Name: Modhumoti Bank PLC

Vacancy: --

Age: At least 25 years

Job Location: Dhaka

Salary: Negotiable

Experience:

• At least 3 years
• The applicants should have experience in the following business area(s): Banks

• Master of Law (LLM)

• At least 3 years
• The applicants should have experience in the following business area(s): Banks

• Age At least 25 years

• Enrolment with Bangladesh Bar Council will be given preference.

• Must have good expertise on Microsoft Office as well as experience of handling core banking system.

• Unquestioned commitment to integrity and ethical decision-making.

• To obtain necessary permission from the Management in connection with initiation of Legal action against the delinquent customers on demand basis;

• follow-up the Branches/Panel Lawyer for completion of legal process (such as issuing Legal Notice, publication of Auction Notice, filing of Suit(s)/Case(s)/Writ(s) etc.);

• Follow-up the dealing Lawyer/Branch regularly so that the Suit(s)/Case(s)/Writ(s) etc. for early disposal on regular basis;

• Preparation and update of MIS of Suit(s)/Case(s)/Writ(s) etc. on regular basis;

• Reporting the statement of Suit(s)/Case(s)/Writ(s) etc. to the Regulatory Authorities/Management on monthly/quarterly/Half yearly/Yearly or as  and when required;

• Obtain necessary approval for approval of Legal fees, if required, on demand basis;

• Appointment of Lawyer (if required) upon approval of competent authority of the Bank for conducting of Suit/Case on demand basis;

• Maintain communication and relationship with the legal counsels, consultants, regulators, law enforcing agencies to facilitate recovery activities;

• Coordinate Bank’s panel Lawyers/Legal Retainer to provide service on Bank Legal issues;

• Jobs relating to Legal Affairs as assigned by the Superiors/competent Authority of the Bank;

• Any other work / responsibility as and when assigned by the Management of the Bank.

As per Bank’s Policy