Job Description
Title: Recovery Unit (Assistant Officer to Senior Executive Officer)
Company Name: Bank Asia PLC
Vacancy: --
Location: Dhaka
Salary: Negotiable
Experience:
∎ At least 2 years
∎ The applicants should have experience in the following business area(s):Banks
Published: 16 Jan 2025
Education:
∎ Masters
Requirements:
Additional Requirements:
∎ Strong negotiation and interpersonal skills.
∎ Proficiency in financial documentation and reporting.
∎ Smart, Team Player, Paired with agile mindset and can-do attitude.
∎ Knowledge of land and mortgage laws and procedures.
∎ Analytical mindset with attention to detail.
∎ Minimum 2-8 years’ of working experience in the related field in any reputed private Commercial Bank/ Non-Bank Financial Institutions having the following skills.
∎ Strong negotiation and interpersonal skills.
∎ Proficiency in financial documentation and reporting.
∎ Smart, Team Player, Paired with agile mindset and can-do attitude.
∎ Knowledge of land and mortgage laws and procedures.
∎ Analytical mindset with attention to detail.
Responsibilities & Context:
∎ Manage and monitor a portfolio of non-performing and written-off loans.
∎ Develop and implement effective strategies to recover outstanding amounts while preserving client relationships where possible.
∎ Conduct detailed analysis of defaulted accounts to identify the root causes of non-performance.
∎ Implement innovative recovery techniques, including litigation, settlements, and asset liquidation.
∎ Engage with customers and branches to establish mutually acceptable repayment terms.
∎ Identify prospective buyers to facilitate the sale of mortgaged properties and recover debt efficiently.
∎ Collaborate with borrowers to assess repayment capacity and propose appropriate restructuring solutions.
∎ Negotiate settlement terms, repayment schedules, and legal agreements to maximize recovery.
∎ Maintain professional and empathetic communication with defaulting clients to understand their financial situations and identify mutually beneficial solutions.
∎ Build strong relationships with legal teams, consultants, and third-party recovery agencies.
∎ Track and assess branch performance regarding delinquent accounts.
∎ Initiate timely actions to recover outstanding payments.
∎ Visit customer business premises, residential addresses, mortgaged properties, Tahsil offices, and other relevant locations to verify and collect information.
∎ Keep detailed records of customer interactions, account status updates, and branch reports.
∎ Ensure all documentation is accurate and up-to-date.
∎ Draft board memos, management reports, and office memos for settlement approvals.
∎ Issue sanctions to branches or clients post-approval from the management or board.
∎ Compose and dispatch reply letters, reminder notices, and other correspondence as required.
∎ Proactively identify cases requiring legal intervention and coordinate with the legal department to initiate appropriate legal actions for the resolution of delinquent accounts.
∎ Escalate unresolved cases to the legal department for necessary action.
∎ Provide assistance to the MIS and legal departments to enhance recovery efforts and ensure operational excellence.
∎ Support the execution of arrest warrants when required.
∎ Investigate and resolve issues related to land and mortgage properties by liaising with relevant offices and departments.
∎ Conduct thorough investigations of land and mortgage-related matters by coordinating with relevant land offices and departments to ensure accurate resolution and compliance with regulatory requirements.
∎ Evaluate collateral values and assess the viability of recovering through asset realization.
∎ Prepare and analyze recovery reports for departmental use.
∎ Summarize branch activities and performance.
∎ Stay updated on industry trends and best practices to optimize recovery processes.
∎ Manage and monitor a portfolio of non-performing and written-off loans.
∎ Develop and implement effective strategies to recover outstanding amounts while preserving client relationships where possible.
∎ Conduct detailed analysis of defaulted accounts to identify the root causes of non-performance.
∎ Implement innovative recovery techniques, including litigation, settlements, and asset liquidation.
∎ Engage with customers and branches to establish mutually acceptable repayment terms.
∎ Identify prospective buyers to facilitate the sale of mortgaged properties and recover debt efficiently.
∎ Collaborate with borrowers to assess repayment capacity and propose appropriate restructuring solutions.
∎ Negotiate settlement terms, repayment schedules, and legal agreements to maximize recovery.
∎ Maintain professional and empathetic communication with defaulting clients to understand their financial situations and identify mutually beneficial solutions.
∎ Build strong relationships with legal teams, consultants, and third-party recovery agencies.
∎ Track and assess branch performance regarding delinquent accounts.
∎ Initiate timely actions to recover outstanding payments.
∎ Visit customer business premises, residential addresses, mortgaged properties, Tahsil offices, and other relevant locations to verify and collect information.
∎ Keep detailed records of customer interactions, account status updates, and branch reports.
∎ Ensure all documentation is accurate and up-to-date.
∎ Draft board memos, management reports, and office memos for settlement approvals.
∎ Issue sanctions to branches or clients post-approval from the management or board.
∎ Compose and dispatch reply letters, reminder notices, and other correspondence as required.
∎ Proactively identify cases requiring legal intervention and coordinate with the legal department to initiate appropriate legal actions for the resolution of delinquent accounts.
∎ Escalate unresolved cases to the legal department for necessary action.
∎ Provide assistance to the MIS and legal departments to enhance recovery efforts and ensure operational excellence.
∎ Support the execution of arrest warrants when required.
∎ Investigate and resolve issues related to land and mortgage properties by liaising with relevant offices and departments.
∎ Conduct thorough investigations of land and mortgage-related matters by coordinating with relevant land offices and departments to ensure accurate resolution and compliance with regulatory requirements.
∎ Evaluate collateral values and assess the viability of recovering through asset realization.
∎ Prepare and analyze recovery reports for departmental use.
∎ Summarize branch activities and performance.
∎ Stay updated on industry trends and best practices to optimize recovery processes.
Workplace:
∎ Work at office
Employment Status: Full Time
Job Location: Dhaka
Job Highlights:
Company Information:
∎ Bank Asia PLC
∎ Bank Asia Tower, 32 & 34, Kazi Nazrul Islam Avenue, Karwan Bazar, Dhaka
∎ Bank
Address::
∎ Bank Asia Tower, 32 & 34, Kazi Nazrul Islam Avenue, Karwan Bazar, Dhaka
∎ Bank
Read Before Apply: Please apply only who are fulfilling all the requirements of this job
Application Deadline: 26 Jan 2025
Category: Bank/Non-Bank Fin. Institution
