Transactional Officer
Req ID:
7525
Job Description:
Summary
Responsible for managing collection & recovery activities relating to Corporate, SME, Commercial Banking and Social Finance portfolio managed by Non-Retail Special Assets Management Department. The main objective is to maximize recovery for the Bank.
Duties and Responsibilities
- Manage budgets and timeliness of collection & recovery activities and in line with the Bank’s strategy. Manage dunning activities effectively and efficiently.
- Plan, manage, monitor and take necessary actions to protect the Bank’s assets. Identify, develop, implement and monitor recovery strategies to protect and recover the Bank’s assets.
- Implement proper restructuring / rescheduling / scheme of arrangement process is taken accordingly for the benefit of the Bank.
- Analyse customer’s financial position to determine the appropriateness of the recommended collection activity. Identify workout arrangements for the customers without jeopardizing the Bank’s position.
- Prepare working papers and provide input / comment on the working papers.
- Ensure proper legal action process is carried out according to the Bank’s guidelines.
- Initiate, supervise, monitor and facilitate legal action process taken by way of foreclosure and civil suit proceedings.
- Liaise and follow-up with external parties such as solicitors, valuers, auctioneers, financial advisors, accounting firms, local authorities and courts.
- Ensure that daily operation is properly managed to achieve the desired outputs.
- Execute daily/weekly/monthly recovery activities as planned and prepare periodical reports and any special assignments in a timely manner.
- Provide/update status and reports of the accounts to the Management / Board.
- Perform special assignment or multi-tasking as directed by immediate supervisor, Head of Department or Head of Division.
- Monitor performance of subordinates (if any). Plan optimal utilization of resources. Support team members and subordinates (if any).
- Present papers (if any) to the management and financing committee (FCA, FCB, MOC etc.)
- Attend training or course as approved by the Bank.
- Ensure adherence and compliance with all internal policies/guidelines and external regulatory requirements.
- Any other duties/assignment as and when directed/assigned by the superior as per business requirement from time to time.
Preferred Candidate Criteria
- Qualification - Minimum Diploma / Degree or equivalent.
- Years of Experience – Minimum 1 years’ experience in the banking industry.
- Knowledge/Skills/Experience preferred:
- Strong recovery skills and good communication skills.
- Assertive and innovative team player, highly independent, committed, self-motivated, resourceful and result oriented.
- Able to do multi-tasking assignments.