Remedial and Acquired Assets Associate

PJ Lhuillier Group of Companies; Bacoor; On-site; PHP 279,000 - 390,600; Full time

Job summary

A financial institution in Bacoor, Cavite is seeking an Asset Management Specialist. The role involves maintaining asset records, assisting in the appraisal and valuation of assets, and recommending disposition plans. The ideal candidate holds a Bachelor's degree and has at least one year of experience in asset management or valuation. Strong negotiation skills are essential. Join a dynamic team focused on effective asset management and compliance.

Qualifications

• At least one year of work-related experience handling acquired asset and valuation.
• Experience handling non-performing loans (NPL), past due accounts, and restructuring is preferred.
• Exposure to legal recovery processes, foreclosure, and asset disposal is an advantage.

Responsibilities

• Maintains acquired asset records in the bank system for compliance monitoring.
• Assists in appraising and valuing acquired assets to determine their market value.
• Recommends plans for effective disposition of assets.

Skills

Negotiation skills

Collection skills

Education

Bachelor's Degree in Business Administration, Finance, Accountancy, Management, Real Estate Management, or related course

Job description

The position is primarily responsible for providing support to the section head in maintaining and managing all acquired assets of the bank. The position is also responsible for giving assistance during appraisal, valuation, and disposal of these assets.

Duties And Responsibilities

• Maintains acquired asset records in the bank system for compliance monitoring.
• Keeps all acquired asset documentation copies in individual loan files.
• Assists in appraising and valuing acquired assets to determine their market value and potential return on investment.
• Recommends plans for effective disposition of assets.
• Helps during the sale and settlement of these assets with external clients.
• Assists in disposing of acquired assets in compliance with regulatory requirements.
• Prepares data on the status and performance of acquired assets.
• Keeps abreast of market trends and conditions affecting asset valuation.
• Participates actively during staff meetings, training programs and other professional development work.
• Makes recommendation on matters pertinent to business operations and other related activities.
• Performs other related duties as assigned.

Qualifications

• Bachelor’s Degree in Business Administration, Finance, Accountancy, Management, Real Estate Management, or any related course.
• At least one (1) year of work-related experience handling acquired asset and valuation.
• Experience handling non-performing loans (NPL), past due accounts, and restructuring is preferred.
• Exposure to legal recovery processes, foreclosure, and asset disposal is an advantage.
• Strong negotiation and collection skills.
• Willing to work in Bacoor, Cavite.