Job Description
Title: Recovery Officer
Company Name: ICB Islamic Bank Ltd.
Vacancy: 02
Age: at most 35 years
Location: Dhaka
Minimum Salary: Negotiable
Experience:
∎ At least 5 years
∎ The applicants should have experience in the following business area(s):Banks
Published: 9 Jul 2024
Education:
∎ Master of Business Administration (MBA), Master of Science (MSc)
Requirements:
Additional Requirements:
∎ Age at most 35 years
∎ Related experience in Banking will get preference.
∎ Knowledge on Bangladesh Bank guideline on classification of various types of loan and related circulars.
∎ Knowledge on Artha Rin Adalat Ain-2003 and on N. I Act.
∎ Knowledge on negotiating with defaulter clients for Re-schedule and compromise settlement.
∎ Technique of obtaining / gathering knowledge on the location, ownership and description of mortgagor and mortgage properties, ability to identify CS,SA, RS, BS, Land Jarip, Porcha & BDS.
∎ Knowledge of pressurizing defaulter clients by official process and force for settlement.
∎ Knowledge on making/preparing/guiding panel lawyer for drafting plaint for cases/suits.
∎ Knowledge on lower court procedures and attending court to protect Bank interest while giving witness.
∎ Sourcing potential buyers to dispose of mortgage properties.
∎ Must have strong physical fitness to undertake field visit at all time (Day/Night)
∎ Excellent computer knowledge, especially on MS WORD, MS EXCEL & MS POWER POINT.
∎ Related experience in Banking will get preference.
∎ Knowledge on Bangladesh Bank guideline on classification of various types of loan and related circulars.
∎ Knowledge on Artha Rin Adalat Ain-2003 and on N. I Act.
∎ Knowledge on negotiating with defaulter clients for Re-schedule and compromise settlement.
∎ Technique of obtaining / gathering knowledge on the location, ownership and description of mortgagor and mortgage properties, ability to identify CS,SA, RS, BS, Land Jarip, Porcha & BDS.
∎ Knowledge of pressurizing defaulter clients by official process and force for settlement.
∎ Knowledge on making/preparing/guiding panel lawyer for drafting plaint for cases/suits.
∎ Knowledge on lower court procedures and attending court to protect Bank interest while giving witness.
∎ Sourcing potential buyers to dispose of mortgage properties.
∎ Must have strong physical fitness to undertake field visit at all time (Day/Night)
∎ Excellent computer knowledge, especially on MS WORD, MS EXCEL & MS POWER POINT.
Responsibilities & Context:
∎ Physical visit to the defaulter client, guarantor, mortgage property (arrange to place bank’s signboard) and preparation of visit report thereof for the management appraisal.
∎ A certain correctness of mortgage property from local Land office and local residents.
∎ To take all necessary step for recovery of the Bank due’s through Re-schedulement, Declassification and Compromise Settlement with the defaulter clients.
∎ To prepare account synopsis for the Management/Board for their decision on settlement proposal of defaulter clients and prepare sanction letter after getting approval.
∎ To monitor the reschedule/settlement accounts for regular payment as per settlement arrangement. To keep total security cheque and issue remainder letter to the client for payment as necessary.
∎ Prepare & monitor issuance of final demand notice to defaulter client, guarantor & mortgagor.
∎ To make all related correspondence to the defaulter client in connection with the settlement.
∎ Liaison with Legal Department for issuance of legal notice and subsequent filing of case under NI Act & Artha Rin Adalat Ain-2003.
∎ To conduct with panel solicitors to prepare case summary for the Legal procedure against the defaulter client under N.I Act section-138, Artha Rin Adalat Ain-2003 and others.
∎ To attend the various courts after filing the suit against the defaulter clients on different date fixed by the court till final judgment of the suits/cases.
∎ Prepare and submission of court progress and lawyers skill of handling respective case.
∎ Preparing daily, weekly and monthly reports on Non-performing Loan (NPL) and Recovery Report as well as provides all information to the Management.
∎ Prepare Board Memo for submission to higher Management and report for submission to BB & prepare reply for BB queries.
∎ Keep ready photocopy of all Land related papers and chain of ownership of mortgagor.
∎ Prepare account liability position as per latest BB instruction with the help of IT application.
∎ Work as a team to achieve monthly recovery target.
∎ To source buyers for selling mortgage property.
Skills & Expertise:
Compensation & Other Benefits:
∎ T/A, Mobile bill, Medical allowance, Provident fund, Weekly 2 holidays, Insurance, Gratuity
∎ Festival Bonus: 2
Workplace:
∎ Work at office
Employment Status: Full Time
Job Location: Dhaka
Job Highlights:
Company Information:
∎ ICB Islamic Bank Ltd.
∎ T.K. Bhaban (15th Floor), 13-Kazi Nazrul Islam Avenue. Kawran Bazar, Dhaka-1215.
Address::
∎ T.K. Bhaban (15th Floor), 13-Kazi Nazrul Islam Avenue. Kawran Bazar, Dhaka-1215.
Read Before Apply: Please apply only who are fulfilling all the requirements of this job
Application Deadline: 20 Jul 2024
Category: Bank/Non-Bank Fin. Institution
