Job Description
Title: Recovery Coordinator, Corporate Business
Company Name: IPDC Finance Limited
Vacancy: 1
Location: Dhaka
Minimum Salary: Negotiable
Experience:
∎ 7 to 12 years
∎ The applicants should have experience in the following business area(s):Banks, Leasing
Published: 20 Feb 2025
Education:
∎ Bachelor/Honors
Requirements:
Responsibilities & Context:
∎ Ensure overdue reduction by strategizing, negotiating, and following up with overdue clients as well as other stakeholders. Promptly address complaints and difficult calls.
∎ Ensure timely issuance and circulation of all written correspondence (e.g. OD letter, legal notice, etc.) whilst adhering to company policies and regulatory guidelines.
∎ Develop and enforce standards for quality control. Improve processes as required and guide stakeholders accordingly.
∎ Regularly monitor assigned accounts, follow up with stakeholders such as clients, RMs, BM, Legal Dept. etc. whilst regularly monitoring account information in CBS of sensitive overdue accounts and take steps for rectification.
∎ Design and implement recovery strategies, including but not limited to monitoring the number of visits as well as obtaining and reviewing visit reports.
∎ Stay updated on market and regulatory information to swiftly adjust strategies for recovery.
∎ Engage with the Legal dept. regarding timely issuance of NI Act notices, case filing, paper publications, facilitating auctions, etc. as well as case withdrawal, collection of warrant recall copy.
∎ Generate and circulate regular and ad-hoc MIS reports which includes but are not limited to overdue, CL, PAR, NPL, dishonored cheques, etc.
∎ Promptly address and generate responses to the queries of stakeholders, including clients and RMs.
∎ Any other task as given by Management from time to time.
∎ Responsible for coordinating and managing overdue, PAR and NPL of Corporate portfolio whilst working closely with both internal and external stakeholders to maximize recovery outcomes.
∎
∎ Ensure overdue reduction by strategizing, negotiating, and following up with overdue clients as well as other stakeholders. Promptly address complaints and difficult calls.
∎ Ensure timely issuance and circulation of all written correspondence (e.g. OD letter, legal notice, etc.) whilst adhering to company policies and regulatory guidelines.
∎ Develop and enforce standards for quality control. Improve processes as required and guide stakeholders accordingly.
∎ Regularly monitor assigned accounts, follow up with stakeholders such as clients, RMs, BM, Legal Dept. etc. whilst regularly monitoring account information in CBS of sensitive overdue accounts and take steps for rectification.
∎ Design and implement recovery strategies, including but not limited to monitoring the number of visits as well as obtaining and reviewing visit reports.
∎ Stay updated on market and regulatory information to swiftly adjust strategies for recovery.
∎ Engage with the Legal dept. regarding timely issuance of NI Act notices, case filing, paper publications, facilitating auctions, etc. as well as case withdrawal, collection of warrant recall copy.
∎ Generate and circulate regular and ad-hoc MIS reports which includes but are not limited to overdue, CL, PAR, NPL, dishonored cheques, etc.
∎ Promptly address and generate responses to the queries of stakeholders, including clients and RMs.
∎ Any other task as given by Management from time to time.
Compensation & Other Benefits:
∎ Mobile bill, Performance bonus, Provident fund, Weekly 2 holidays, Insurance, Gratuity
∎ Salary Review: Yearly
∎ Festival Bonus: 2
Workplace:
∎ Work at office
Employment Status: Full Time
Job Location: Dhaka
Company Information:
∎ IPDC Finance Limited
∎ Hosna Center (4th Floor), 106 Gulshan Avenue, Dhaka - 1212
∎ IPDC Finance Ltd. is the first private sector financial institution of Bangladesh established in 1981. IPDC is credited with being the most innovative financial institution of the country partnering in many landmark projects as well as introducing many financial products which were first of its kind in the country. Today, IPDC is a diversified financial institution catering to Corporate, SMEs and Retail market segments.
Address::
∎ Hosna Center (4th Floor), 106 Gulshan Avenue, Dhaka - 1212
∎ IPDC Finance Ltd. is the first private sector financial institution of Bangladesh established in 1981. IPDC is credited with being the most innovative financial institution of the country partnering in many landmark projects as well as introducing many financial products which were first of its kind in the country. Today, IPDC is a diversified financial institution catering to Corporate, SMEs and Retail market segments.
Read Before Apply: Please apply only who are fulfilling all the requirements of this job
Application Deadline: 5 Mar 2025
Category: Bank/Non-Bank Fin. Institution
