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Senior Manager - Recovery

Al Masraf

Posted on March 22, 2018

8 - 10 years Abu Dhabi - United Arab Emirates

Bachelor of Commerce(Commerce). Any Nationality

Opening 01

Job Description

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• 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.


Banking / Financial Services / Broking

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

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Al Masraf


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