The job entails the portfolio management of Non - Performing accounts (NPL).
To study and formulate an action plan or strategy to maximize recovery. This would include participating in negotiations with customers, guarantors, lawyers, etc.
To recommend and submit papers to Management on strategies, workout plans for NPL accounts, when required.
To monitor on an on-going basis the progress of such strategies in accordance with the approved milestones and target dates set to ultimately result in:
Part/Full settlement of the NPL account.
The account being returned to Performing status.
Undertaking of relevant legal proceedings against the customer.
Review of Risk Grading for company accounts, if applicable.
To ensure Connected Party Verification for Impaired Business Loans are done for submission of any workout proposal paper and Write-Off exercise.