Officer- Recovery
- Full-time
- Sub Division: Credit and Collections - Consumer Banking
- Division: Group Credit
Company Description
Collection Activities:
- Reviewing the collections strategy regularly with the Agencies to ensure the desired results are met on weekly and monthly basis.
- Assisting in implementing and constantly monitoring the collections strategy, policies and initiatives for the bank with the overseas recovery agencies
- Follow up on all allocated overdue accounts and ensure resolution as per the target assigned (monthly).
- Ensure that the individual targets based on both Efficiency and Productivity parameters are met on a monthly basis
- Obtain detailed information about the overdue customers and the same is documented on collection system for future trails on the account.
- To engage totally with the Agency collectors and the supervisors to ensure that they prioritize recovery of FAB over other banks.
- To negotiate and ensure quick approvals for customer negotiations in consultation with the Manager, Collections / Head, Collections as necessary wherever applicable.
- Ensure that the collection process is carried out by the Agency Collectors and Supervisors within the framework of code of conduct and keeping in mind the reputation of the bank
- Any other customer follow up action as required by the Bank from time to time
Job Description
Legal, regulatory and compliance:
- Ensure compliance with local legal and regulatory requirements and report any legal and regulatory developments which impact or may impact the collection activities / legal actions.
- KYC (Know Your Customer)
- AML (Anti Money Laundering)
KEY PERFORMANCE INDICATORS
• Adherence to Collection Policies and Procedures
• Adherence of Collection Targets / Budgets
• Ensure compliance whilst dealing with Customers
• Nil High Risk Audit observations.
Qualifications
Bachelor’s Degree
- Minimum of 3-4 years collections experience with Agency Management.
Skills set required:
- Excellent Communication skills
- Basic banking knowledge
- Strong negotiation skills
Good computer skills