Remedial Management Head

Security Bank Corporation; Makati; On-site; PHP 1,200,000 - 1,800,000; Full time

Job summary

Security Bank Corporation is seeking a Remedial Management Head to direct the division focused on loss recovery and preventive remedial action. You will shape strategies to maximize recovery, write provisions back to profit, and prevent accounts from defaulting.

You will evaluate borrower profiles, lead remedial strategies, coordinate with counsel, and ensure timely reporting on critical movements to safeguard stakeholders' funds.

Qualifications

• 10+ years in remediation within corporate/commercial banking.
• Strong financial statement analysis skills.
• Accounts management experience.

Responsibilities

• Evaluate borrower profiles to determine options outside legal action.
• Direct Remedial Officer in strategizing primary/alternative actions.
• Lead efforts to secure the bank's interests through documentation and collateral.
• Negotiate rehab/workout plans with borrowers and creditors; lead syndicate exposures.
• Coordinate with bank counsel for legal action and monitor portfolio insights.
• Ensure timely reporting on significant movements for NPL level management.
• Review all recommended write-offs and coordinate with FINCON.
• Participate in setting lending focus, credit policies, and processes.
• Prepare monitoring and special reports for the division.

Skills

Remediation experience

Financial statement analysis

Account management

Attention to detail

Job description

The Role

Remedial Management Head is responsible for the strategic direction and overall management of the division aimed at meeting the mandates on loss recovery/cuts and preventive remedial action. The role involves formulating strategies for all remedial accounts to maximize recovery of the Bank's exposure, writing provisions back to profit, and minimizing losses that would impact shareholders’ funds. Preventive remedial action is taken for credits perceived to be under financial strain, ensuring they do not progress into default.

How you’ll contribute

• Evaluate borrower’s profile and account circumstances to determine options outside of legal action in line with mandated directives; instruct the Legal Division if no options are available.
• Provide direction to the Remedial Officer in formulating primary and alternative strategies, assessing key success factors and impediments, and determining means to overcome impediments.
• Spearhead efforts to secure and protect the Bank’s interests through documentation and/or additional collateral.
• Negotiate rehabilitation/workout plans with borrowers, principals, representatives, and when appropriate, creditors; assume lead role in syndicate exposures; ensure adherence to approved courses of action to internal and external policies, and accompany remedial officers during plant visits and client calls to monitor borrower status and prescribe corrective actions.
• Coordinate with bank counsel for legal action, determine best course of action, and monitor the Legal Division portfolio for insights to improve recovery outcomes; endorse/approve acceptance of legal counsel and payment of fees as recommended.
• Ensure timely reporting and updates on significant movements of critical accounts to management for proper NPL level management; classify accounts appropriately for loan‑loss provisions.
• Review all recommended write‑off accounts and forward them to the Financial Controllership Division (FINCON).
• Participate in setting the Bank's lending focus, credit preference, credit policies, and processes.
• Ensure timely and accurate preparation of monitoring and special reports for the division.

What we’re looking for

• At least 10 years of experience in remediation within corporate/commercial banking and financial services.
• Accuracy and attention to detail.
• Financial statement analysis skills.
• Account management experience.