Manager – Special Asset Management (SAM)

Job Description

Title: Manager – Special Asset Management (SAM)

Company Name: National Finance PLC

Vacancy: 2

Age: 30 to 45 years

Job Location: Dhaka

Salary: Negotiable

Experience:

• 3 to 6 years
• The applicants should have experience in the following business area(s): Banks, Leasing

• Master of Business Administration (MBA)
• Bachelor of Business Administration (BBA)

• 3 to 6 years
• The applicants should have experience in the following business area(s): Banks, Leasing

• Age 30 to 45 years

Key Responsibilities:

• Achieve monthly recovery and collection targets from classified, overdue loans, write-off loans, stressed, block accounts etc.

• Follow up and pay in person recovery visit to borrowers to ensure due collections, improvement of classification status and/or settlement of loans.

• Monitor recovery performance and reduce the institution’s NPL ratio.

• Coordinate with Legal, Credit Risk, Business, Operations, Finance & Accounts and/or other relevant departments for effective recovery support.

• Lead negotiations with borrowers, guarantors and sponsors to recover outstanding liabilities.

• Identify early warning signals and initiate remedial actions to prevent further deterioration of assets.

• Ensure timely enforcement of guarantees, mortgages, liens and other securities, in accordance with applicable laws and contractual terms.

• Arrange possession, preservation and disposal of mortgaged or repossessed assets, where legally permissible.

• Assess and recommend viable rescheduling, restructuring, partial/full settlement, write-off etc. proposals in accordance with applicable Bangladesh Bank instructions and the institution’s approved policies.

• Ensure accurate and timely submission of all SAM-related statements and reports to Bangladesh Bank and other competent authorities, as applicable.

• Respond to Bangladesh Bank queries, inspection observations and information requests relating to asset recovery, and coordinate timely submission of supporting documents.

• Maintain proper records and an audit trail for regulatory inspections, internal audits and external audits.

• Maintain professional standards, confidentiality and compliance with the institution’s governance framework and compliance with applicable regulatory guidelines.

• Ensure compliance with Company policies and applicable regulatory guidelines.

• Must have experience to lead recovery team.

Key Qualifications:

• Must have detailed knowledge about Finance Companies ACT 2023, circulars of Bangladesh Bank specially related loan/lease classification guideline, restructure/reschedule, BB Policy Support, One-time/Special Exit facility, Write-off, Willful defaulter etc. 

• Provident fund,Weekly 2 holidays,Insurance,Gratuity
• Festival Bonus: 2