Recovery Manager

Raman General

Lalitpur Sub-Metropolitan City, Central Development Region,…

Key Skills: Must Have Good Interpersonal Skill.

This job is expired 5 years, 7 months ago

Recovery Manager

Basic Job Information

Job Category	:	General Mgmt. / Administration / Operations
Job Level	:	Senior Level
No. of Vacancy/s	:	[ 1 ]
Employment Type	:	Full Time
Job Location	:	Lalitpur Sub-Metropolitan City, Central Development Region, Nepal
Offered Salary	:	Negotiable
Apply Before(Deadline)	:	Sep. 15, 2018 23:55 (5 years, 7 months ago)

Job Specification

Education Level	:	Graduate (Masters)
Experience Required	:	Not Required
Professional Skill Required	:	Must Have Good Interpersonal Skill.

Job Description

Undertake regular and frequent calls, site visits, follow-ups to implement remedial strategies and action plans agreed with Team Lead, Challenged Assets & Recovery
Initiate demand and reminding letters to all defaulting customers and review all credit files for proper documentation and monitoring.
Obtain background information on all accounts assigned to the Challenged Assets & Recovery Team and especially customer information etc.
Follow up on major debtors accounts assigned to ensure recoveries through calls, demand notices or any other appropriate means.
Recovery of fully provisioned or written-off credit exposure and rehabilitate other impaired credit
Ensure that properties, equipment and inventories hold by the bank are properly insured
Recommend accounts for classifications and declassifications and accounts to be written-off with justification.
Daily call memo and progress reports on negotiations with debtors in respect of repayment of indebtedness
Negotiations/meetings with customers who want loan work out options such as refinancing, rescheduling and restructuring
Preparation of approval requests to management for negotiated settlements and follow up until account is fully settled and the balance written off
Follow up on sale of securities deposited for collateral alongside the legal department after other remedial strategies have been exhausted
Collection on accounts assigned at the beginning of the year to ensure full repayment
Give priority attention to regularize outstanding legal and documentation issues on assigned portfolio
Liaise with external legal body to ensure that cases referred to them for legal action are handled with efficiency
Collects on delinquent consumer accounts