JobSearchGulf
Register for Job

Senior Recovery Officer - Jobs in Doha, Qatar

1.00 to 10.00 Years   Doha, Qatar   30 Mar, 2022
Mashreq Bank
1 Jobs Openings
Job LocationDoha, Qatar
EducationNot Mentioned
SalaryNot Mentioned
IndustryBanking
Functional AreaNot Mentioned

Job Description

Requisition Title: Senior Recovery OfficerJob Number: 2200003LJob Purpose? Primary function is to help maximize recoveries and minimize losses on Bank?s classified and non-classified SME portfolio that may have resulted from business failures of the borrowers or other reasons.? To achieve the monthly/yearly targets set forth by the senior management.? To manage the delinquent portfolio of classified (90+ DPD) and non-classified, directly or by assisting Manager - Collection.? Negotiate with defaulters solutions that are workable and acceptable to the Bank. It entails, inter alia, assessment of borrower?s operations, financial position, management strengths and cash-flows etc. in case of restructurings.? To assess legal options with the legal counsels, seeking approvals for special actions, and to follow on the progress of approved actions (credit / special actions and /or court cases etc).Knowledge, Skills and Experience

  • Assist in setting targets for approval and ensure that the targets are achieved to management?s entire satisfaction.
  • Working-out recovery strategies and remedial action plans, and obtaining approval of implementation.
  • Monitoring classified portfolio on an ongoing basis and initiate appropriate remedial measures, as warranted and advised by Manager Collection.
  • Participating along with (SME) RMs in negotiations with borrowers, including onsite visits to borrowers? place of business to evaluate proposals for restructuring with special attention to cash flow capabilities and assessment of financial strength.
  • Forecast the provisioning requirements for the classified portfolio as well as the non classified portfolio.
  • Instituting legal actions against defaulters, monitor progress and propose next course of action. In consultation with Bank?s legal officers to evaluate effectiveness of external legal counsels.
  • Manage the external agencies for skip customers to help the agency track the customers and initiate collection action for recovery of the due.
  • To liaise with other external forces including law enforcement agencies to take legal recourse for recovery of dues.
  • Prepare and share MIS reports for timely notification to Senior Management
  • Reviewing portfolio for ongoing rationalization through write-offs.
  • Managing QCB reports (provision & write/off).
Work Location: Qatar-DohaGroup: Retail BankingJob Posting: Mar 29, 2022

Keyskills :

APPLY NOW

Related Jobs

© 2020 JobSearchGulf All Rights Reserved