Loan Recovery Officer (Officer – FAVP)
Modhumoti Bank PLC.
Vacancy
Not specific
Job Responsibilities
- To regularly review and follow up on Non-Performing Loans (NPLs) to ensure effective monitoring and management.
- To conduct visits to defaulting customers, preferably in coordination with branch officials, and provide comprehensive loan reviews supported by detailed call/visit reports.
- To prepare Loan Summary Sheets and Loan Liability positions to provide updated account information on a monthly or on-demand basis.
- To prepare memos, minutes, office notes, etc., for loan rescheduling, settlement, and write-offs, and to obtain approvals from the bank's competent authority as required.
- To visit branches and meet defaulting borrowers, as required, on a demand basis.
- To prepare action plans and recovery strategies on a demand-driven, monthly, or quarterly basis.
- To arrange and participate in meetings with defaulting customers on a demand basis.
- To regularly follow up with branches to ensure that rescheduled or settled accounts are repaid in accordance with the sanctioned terms.
- To ensure compliance with all requirements set by Bangladesh Bank.
- To prepare responses to audit observations raised by Bangladesh Bank.
- To prepare responses to observations related to the Comprehensive Risk Management rating.
- To prepare responses to observations related to CAMELS rating, financial position, and Quick Review Report.
- To address and resolve queries raised by external auditors.
- To prepare responses to observations raised by external auditors.
- To address and resolve queries raised by internal audit.
- To prepare and report various types of statements, including internal and external reports.
Educational Requirements
- Minimum Graduation in any discipline having no 3rd class in the academic career.
Experience Requirements
Minimum 3 Years
Additional Requirment
- Must have good expertise in Microsoft Office as well as experience in handling core banking systems.
- Unquestioned commitment to integrity and ethical decision-making.
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