Senior Officer, Special Asset Management

Job Description

Title: Senior Officer, Special Asset Management

Company Name: Infrastructure Development Company Limited (IDCOL)

Vacancy: 1

Location: Anywhere in Bangladesh

Experience:
∎ At least 1 year

Published: 22 Jan 2025

Education:
∎ Bachelor with Honors in Business/Law with minimum CGPA of 3.00
∎ Bachelor with Honors in Business/Law with minimum CGPA of 3.00

Requirements:

Additional Requirements:
∎ A minimum of 01 year of experience in the relevant field in Banks/FIs.
∎ Strong written and verbal communication skills in English.
∎ Strong ability to analyze financial data, identify risk factors, and make recommendations for resolutions.
∎ Effective at managing relationships with stakeholders, borrowers, and legal teams.
∎ Understanding of the legal processes related to debt recovery, including knowledge of secured assets and loan agreements.
∎ Ability to negotiate settlements with borrowers and work towards resolving disputes.
∎ Ensuring that all records, reports, and data are accurately maintained.
∎ Proven experience in managing NPL accounts or working in credit recovery functions, ideally within financial services or banking.
∎ A minimum of 01 year of experience in the relevant field in Banks/FIs.
∎ Strong written and verbal communication skills in English.
∎ Strong ability to analyze financial data, identify risk factors, and make recommendations for resolutions.
∎ Effective at managing relationships with stakeholders, borrowers, and legal teams.
∎ Understanding of the legal processes related to debt recovery, including knowledge of secured assets and loan agreements.
∎ Ability to negotiate settlements with borrowers and work towards resolving disputes.
∎ Ensuring that all records, reports, and data are accurately maintained.
∎ Proven experience in managing NPL accounts or working in credit recovery functions, ideally within financial services or banking.

Responsibilities & Context:
∎ Assist in the transition of accounts that are delinquent or non-performing from the Business Unit (BU) to the Special Asset Management (SAM) team for further recovery action.
∎ Analyze delinquent accounts and prepare reports on highest risk accounts, including recommendation and resolution.
∎ Actively follow up on delinquent accounts using various methods: phone calls, in-person visits, letters, etc., to initiate discussions with borrowers and encourage repayments.
∎ Work closely with internal teams, including legal, and other stakeholders, to explore and implement solutions for resolving outstanding debts.
∎ Assist borrowers in finding settlement options or restructuring terms that are agreeable to both the lender and the borrower.
∎ Assist the legal team in starting legal proceedings against defaulting borrowers.
∎ Ensure that all necessary documentation and procedures are in place for taking legal action.
∎ Take necessary steps for execution of securities.
∎ Ensure that records of NPLs are accurately maintained and updated in the relevant databases.
∎ Document all interactions with borrowers, legal actions, and outcomes as part of the recovery process.
∎ Preparation and submission of various reports and memos.
∎ Provide insights or recommendations to senior management on improving recovery efforts.
∎ Represent IDCOL in court proceedings related to defaulting borrowers, ensuring that the legal actions are pursued and that the company’s interests are protected during litigation.
∎ As a champion of sustainable financing solutions, Infrastructure Development Company Limited (IDCOL) empowers transformative projects across diverse sectors. Join our dynamic team to drive positive change through sustainable development and shape a brighter, greener future.
∎ Risk & Special Asset Management
∎ Duties and Responsibilities
∎ Assist in the transition of accounts that are delinquent or non-performing from the Business Unit (BU) to the Special Asset Management (SAM) team for further recovery action.
∎ Analyze delinquent accounts and prepare reports on highest risk accounts, including recommendation and resolution.
∎ Actively follow up on delinquent accounts using various methods: phone calls, in-person visits, letters, etc., to initiate discussions with borrowers and encourage repayments.
∎ Work closely with internal teams, including legal, and other stakeholders, to explore and implement solutions for resolving outstanding debts.
∎ Assist borrowers in finding settlement options or restructuring terms that are agreeable to both the lender and the borrower.
∎ Assist the legal team in starting legal proceedings against defaulting borrowers.
∎ Ensure that all necessary documentation and procedures are in place for taking legal action.
∎ Take necessary steps for execution of securities.
∎ Ensure that records of NPLs are accurately maintained and updated in the relevant databases.
∎ Document all interactions with borrowers, legal actions, and outcomes as part of the recovery process.
∎ Preparation and submission of various reports and memos.
∎ Provide insights or recommendations to senior management on improving recovery efforts.
∎ Represent IDCOL in court proceedings related to defaulting borrowers, ensuring that the legal actions are pursued and that the company’s interests are protected during litigation.

Compensation & Other Benefits:
∎ We offer attractive package
∎ We offer attractive package

Employment Status: Full Time

Job Location: Anywhere in Bangladesh

Apply URL::

Apply Procedure:

Company Information:
∎ Infrastructure Development Company Limited (IDCOL)
∎ UTC Building (16th floor), 8 Panthapath, Kawran Bazar, Dhaka 1215
∎ Infrastructure Development Company Limited (IDCOL), a public-private partnership organization, is the market leader in developing and financing private sector large, medium and small-scale infrastructure as well as renewable energy projects.

Address::
∎ UTC Building (16th floor), 8 Panthapath, Kawran Bazar, Dhaka 1215
∎ Infrastructure Development Company Limited (IDCOL), a public-private partnership organization, is the market leader in developing and financing private sector large, medium and small-scale infrastructure as well as renewable energy projects.

Read Before Apply: Please apply only who are fulfilling all the requirements of this job

Application Deadline: 6 Feb 2025

Category: Bank/Non-Bank Fin. Institution