Assistant Manager/Manager-Special Asset Management

IPDC Finance

  • Dhaka
  • Permanent
  • Full-time
  • 8 hours ago
Responsibilities & Context:People Management and Effective Communication:i. Managing existing SAM clients for reducing the NPL ration and maintain regular negotiation.ii. Staying round-the-clock contact with existing SAM clients in regard of any policy changes, NPL recovery, restructure/rescheduling to reduce the NPL rate of the company, ensuring smooth service and handling critical cases for recovery.iii. Identify key areas for overall NPL recovery and maintain effective communication between management and SAM client.Review and Monitoring of Critical Accounts & Write-off Client:i. Makes effective negotiation with write-off clients. Also visit & calls to write - off clients to ensure write-off recovery.ii. Ensuring detail review, timely collection and monitoring respective critical accounts specially write - off clients with target amount and deadline.Forecasting future NPL summary & Legal Compliance:i. By Analyzing each source of information, forecast the future NPL summary.ii. Communicating with assigned lawyers in respect of proper documentation regarding accounts under Litigation/Legal Action and accordingly representing in the court on behalf of IPDC.Maintain Recovery Strategy, task allocation, prepare memoi. Prepare recovery strategies to achieve the recovery targetii. Allocate strategic task among the department memberiii. Motivate team members to achieve recovery targetiv. Prepare settlement, write-off, reschedule, restructure and others important memo for management and ECClient Visit for overdue Issue.v. Maintain good rapport and communication with overdue clientsvi. Visit overdue client premises for recovery purposevii. Alert client to pay off overdue/full outstanding amount to avoid further legal actions.Observation & Investigation-i. Keep SAM client under regular inquiry for alternative source of fundii. Identify the reasons behind the overdue and take necessary recovery action according to the reason.iii. Keep regular investigation to SAM client to find out weak points of client for overdue recovery.iv. Regular inquiry for keeping trace SAM client's current premises.v. Doing proper investigation for tracing out absconded client.Observation & Investigation-i. Keep SAM client under regular inquiry for alternative source of fundii. Identify the reasons behind the overdue and take necessary recovery action according to the reason.iii. Keep regular investigation to SAM client to find out weak points of client for overdue recovery.iv. Regular inquiry for keeping trace SAM client's current premises.v. Doing proper investigation for tracing out absconded client.Collection, Account Settlement, Restructure & Reschedule -i.Try to find out a complete solution for settlement or overdue recoveryii. Ensure overdue payment from SAM clientiii. Ensure account full settlementiv. Negotiate for rescheduling/restructuring to maximize organisation profitTeam Worki. Maintain good communications with branches and other related department like operation, legal, CRM etc.ii. Communicate between external and internal stakeholders to ensure smooth work process.iii. Perform group visit if required.Education Requirements:
  • Bachelor of Business Administration (BBA)
Experience:
  • 6 to 12 years
  • The applicants should have experience in the following business area(s): Banks, Leasing
Skills & Expertise:Collections,Recovery,Special Asset ManagementCompensation & Other Benefits:
  • Performance bonus,Provident fund,Weekly 2 holidays,Insurance,Gratuity
  • Festival Bonus: 2
Company Information:IPDC Finance PLC. (IPDC) is first private sector financial institution in Bangladesh established in 1981. With over 40 years of operation, IPDC has played a significant role in developing Bangladesh's industrial landscape. Today, IPDC is the fastest growing financial institution with the strongest balance sheet, catering to Corporate, SME and Retail market segments. In line with the business expansion plans currently underway, we are looking for passionate, tech savvy and innovative aspirants who can add value to our journey to live unbound. At IPDC, it's not a job we offer, we offer a lifestyle.

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