Senior Manager - Recovery Al Masraf Posted on March 22, 2018 8 - 10 years Abu Dhabi - United Arab Emirates Bachelor of Commerce(Commerce). Any Nationality Send Me Jobs Like This SEND Alert Set Successfully Opening 01 Job Description EMAIL JOB SEND Email sent successfully. SHARE JOB • Prioritise and agree on the collections & recovery strategies and objectives with the Recovery unit in order to support the achievement of overall objectives of the Credit Department and to minimize the potential loss to the Bank.• Review the risk levels of non-performing assets referred to the unit to develop appropriate course of action.• Establish effective working relationship with non-performing defaulting borrowers to work out solutions which will protect the Bank s interest.• Monitor and follow up all agreed work out agreements for settlements of debt and their adherence by borrowers to avoid further losses.• Negotiate with customers to explore the possibilities for an amicable settlement of liabilities towards mutual interest before initiating legal action and when legal action is the only alternative then recommend to Head of Department accordingly and vigorously pursue the same in coordination with the Legal Department.• Develop the required MIS report for the team and management review as required.• Recommend further down-grading of non-performing assets and writing off from the books of accounts.10.Ensure the achievement of objectives as agreed and detailed in the Performance Planning Review Form to support the achievement of the individual objectives. Company Industry Banking / Financial Services / Broking Department/Functional Area Finance / Treasury Desired Candidate Profile •Graduate Degree in Commerce, Finance or Accounting• MBA Degree or Postgraduate qualification preferred•Approx.8-10 year s experience of which minimum 4 year s experience as Manager in the Collection Dept. of a large financial organization.•Commercial acumen and ability to prepare plans and strategies are essential.• The ability to forge close relationships with external constituents. Keywords Liabilities MIS reporting Negotiation Risk Management Finance Relationship Support Writing large REPORT THIS JOB Disclaimer: Naukrigulf.com is only a platform to bring jobseekers & employers together. Applicants are advised to research the bonafides of the prospective employer independently. We do NOT endorse any requests for money payments and strictly advice against sharing personal or bank related information.We also recommend you visit Security Advice for more information. If you suspect any fraud or malpractice, email us at firstname.lastname@example.org People also searched for Dubai UAE All Jobs Recovery Manager Jobs in Dubai Collection Executive Jobs in Dubai Oracle Database Administrator Jobs in Dubai Banking Jobs in Dubai Finance Jobs in Dubai Accounting Jobs in Dubai Loss Jobs in Dubai Recovery Manager Jobs in UAE Collection Executive Jobs in UAE Oracle Database Administrator Jobs in UAE Banking Jobs in UAE Finance Jobs in UAE Accounting Jobs in UAE Loss Jobs in UAE Recovery Manager Jobs Collection Executive Jobs Oracle Database Administrator Jobs Banking Jobs Finance Jobs Accounting Jobs Loss Jobs Al Masraf View Contact Details Contact Name/ Designation: - Website https://almasraf.taleo.net/careersection/ex/jobdetail.ftl?job=11000 Additional Information Required Employer has requested some additional information along with your application for this job Cancel Login to Naukrigulf Continue using GOOGLE FACEBOOK All your activity will remain private or Forgot Password?