Hire Purchase Assistant Manager

Boost Bank; Kuala Lumpur; On-site; MYR 60,000 - 80,000; Full time

Job summary

A leading financial institution in Kuala Lumpur is seeking an Assistant Manager for their Hire Purchase division. This role involves managing the hire purchase application process, ensuring compliance with regulations, and mentoring junior staff. Ideal candidates will have a strong background in finance, with experience in hire purchase or consumer lending. Join a dynamic team and contribute to the growth of the hire purchase portfolio while ensuring quality and compliance.

Qualifications

• Minimum of 2-3 years of experience in hire purchase or consumer lending.
• Strong understanding of hire purchase products and regulatory requirements.

Responsibilities

• Oversee the hire purchase application process from inquiry to disbursement.
• Manage documentation accuracy and compliance with legal requirements.
• Support and mentor junior team members.

Skills

Portfolio Management

Compliance

Customer Relationship Management

Team Leadership

Education

Bachelor's Degree in Banking

Bachelor's Degree in Finance

Bachelor's Degree in Business Administration

Bachelor's Degree in Economics

Job description

The Assistant Manager, Hire Purchase plays a crucial role in supporting the overall operations and management of the hire purchase business. This position involves a combination portfolio management, and compliance, ensuring the growth and quality of the hire purchase portfolio in line with company policies and the Hire-Purchase Act 1967.

• Oversee the end-to-end hire purchase application process, from initial inquiry to disbursement.
• Liaise with the team for the timely completion of security documentation and legal agreements.
• Manage the disbursement and/or activation process, coordinating with sales support teams and other relevant departments.
• Ensure all documentation is accurate, complete, and compliant with legal and internal requirements.
• Assist in managing customer and supplier relationships, resolving inquiries and addressing concerns efficiently.
• Support and mentor junior team members, providing guidance and performance feedback.
• Assist the Head of Department in training and developing team members to meet KPIs.
• Contribute to a positive and productive team environment.

Job Requirements:

• Bachelor's Degree in Banking, Finance, Business Administration, Economics, or a related field.
• Minimum of 2-3 years of experience in hire purchase, auto financing, consumer lending, or credit management within a financial institution (bank or non-bank).
• Strong understanding of hire purchase products, processes, and market dynamics in Malaysia.
• In-depth knowledge of the Hire-Purchase Act 1967 and other relevant regulatory requirements (e.g., Bank Negara Malaysia guidelines).
• Familiarity with credit assessment methodologies and risk management principles.
• Understanding of legal documentation related to hire purchase agreements.