Loan Recovery Officer (Officer – FAVP)

Job Description

Title: Loan Recovery Officer (Officer – FAVP)

Company Name: Modhumoti Bank PLC

Vacancy: --

Age: Na

Job Location: Anywhere in Bangladesh

Salary: Negotiable

Experience:

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

• Bachelor/Honors

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

• 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.      

• Clear Knowledge of Baking regulations, practices and guidelines.

• Excellent Leadership abilities; Quantitative, qualitative and analytical insight; strong written and verbal communication skills, strong negotiation skills and result oriented.

• Must have extensive knowledge of the Negotiable Instruments Act- 1881 and ARA-2003, aligned with organizational goals

• Identify & Monitor overdue and classified loan accounts at branch level.

• Maintain regular follow-up with borrowers, guarantors, and concerned parties through visits, meetings, correspondence, and negotiation to expedite the recovery.

• Prepare, update, and maintain branch-level MIS on overdue loans, classified accounts, recovery status, legal cases, and recovery performance.

• Prepare the rescheduling proposal and forward it to the Head Office for review and approval

• Submit monthly, quarterly, half-yearly, yearly, or ad-hoc reports to Head Office as required.

• Provide Proposals with the consent from Branch Manager and send to concerned Division to take approval from Management for initiation of legal action against the NPL / delinquent borrowers, as required.

• Coordinate with approved Panel Lawyers for issuance of Legal Notices, filing of Suit(s)/Case(s)/Writ(s), execution proceedings, auction process, and other legal recovery measures.

• Process proposals for approval of legal fees and other recovery-related expenses through proper channel, where applicable.

• Ensure proper documentation, record keeping, and safe custody of legal files, court documents, decrees, and security documents at branch level.

• Maintain close liaison with the concerned Division at Head Office.

• Maintain professional liaison with legal counsels, law enforcing agencies, and other stakeholders to facilitate recovery.

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

As Per Bank’s Policy