Officer / Senior Officer - Special Asset Management (SAM) Department

Job Description

Title: Officer / Senior Officer - Special Asset Management (SAM) Department

Company Name: IIDFC PLC

Vacancy: 1

Age: Na

Job Location: Chattogram

Salary: Negotiable

Experience:

• 3 to 5 years

• Bachelor's or Master's degree from a recognized university.

• 3 to 5 years

• 3–5 years of relevant experience, preferably in banks, NBFIs, or other financial institutions.
• Practical experience in loan recovery, classified loan management, and borrower negotiation will be preferred.

Required Competencies

• Good knowledge of loan recovery procedures, classified loans, and relevant Bangladesh Bank guidelines.
• Strong communication, negotiation, and problem-solving skills.
• Good command of Bangla and English, with proficiency in MS Office.
• Ability to work independently and in a team, meet recovery targets, and handle work pressure.

IIDFC PLC, a Non-Banking Financial Institution (NBFI) sponsored by ten public and private sector banks, three insurance companies, and the Investment Corporation of Bangladesh (ICB), is looking for a qualified and experienced professional for its Special Asset Management (SAM) Department.

Reporting Line: Reports to the Head of Branch and Head of SAM.

Key Responsibilities:

• Follow up on overdue and classified loans to achieve assigned recovery targets.

• Maintain regular communication with borrowers and negotiate repayment and settlement of outstanding loans.

• Visit borrowers and business locations as required for loan recovery.

• Assess borrowers' repayment capacity and recommend suitable recovery and settlement options.

• Monitor assigned classified loan accounts and prepare recovery plans.

• Coordinate with the Legal Department and panel lawyers regarding legal notices, recovery cases, and other legal actions.

• Follow up on court cases and support legal recovery proceedings when required.

• Assist in loan rescheduling and settlement processes in line with Bangladesh Bank guidelines and company policy.

• Maintain and update recovery records in the database, monitor progress, and prepare regular recovery reports.

• Coordinate with Relationship Managers (RMs), branch officials, and other departments for effective loan recovery.

• Perform any other duties assigned by the Head of Branch or Head of SAM.

Attractive salary and benefits based on qualifications and experience. Two weekly holidays. Provident Fund (PF) and Gratuity Fund (GF). Medical insurance coverage. Other allowances and benefits as per company policy. Training and career development opportunities.