The purpose of the role is to manage a portfolio of non-performing credit facilities, develop & implement best strategies to maximize the loan recovery and to work closely with legal and other professionals to enforce security or undertake legal actions for recovery.
Responsbilites
Manage assigned remedial cases until recovery/upgrade/write off
Perform security review for assigned non-performing loans documentation to identify, assess, measure and control any potential collateral risk at the back end of the account management process
Work with solicitors and other professionals to enforce security or undertake legal actions for recovery
Coordinate and provide information to the external stakeholders e.g. solicitors, valuators, receivers, administrators
Manage assigned Watch cases, including correspondence and follow-up with RMs and if needed with the customers, where applicable recommend upgrades / downgrades.
Monitor assigned Early Warning cases
Analyse IFRS9 reports (ie. to identify red flags for potential Stage 2 and 3 accounts and to assist the RMs to remedy the accounts).
Prepare periodic reviews for the non-performing loans
Prepare full presentation of agenda and supporting papers for submission to the monthly Remedial Credit Committee Meeting.
Attend meetings and take minutes accordingly
Prepare various reports for the quarterly group reporting
Generate monthly loan arrears report and send default letters to customers
Undertake projects and assignments in coordination with other departments as directed by the Head of Remedial
Liaise with internal departments for processes relating to Remedial function.
Requirements
At least 2 years of experience in loan default / non-performing loans / loan recoveries / loan collections process with legal background
Strong academic or professional qualification background
