Remedial Manager

Cepat Kredit Financing Inc.; Metro Manila; On-site; PHP 360,000 - 600,000; Full time

Job summary

Cepat Kredit Financing Inc. in Metro Manila seeks a Remedial Specialist to oversee delinquent accounts and lead the Remedial Unit in developing recovery strategies. You will assess borrowers' capacity and approve extensions or restructurings, ensuring proper documentation and compliance.

Responsibilities include monitoring outcomes, coordinating settlement terms, and maintaining portfolio quality according to company standards.

Responsibilities

• Oversee the management of delinquent, distressed, and non-performing accounts endorsed to the Remedial Unit.
• Develop and implement strategies to rehabilitate distressed accounts, improve recovery performance, and support overall portfolio quality.
• Review and evaluate accounts for payment extension, loan rescheduling, restructuring, compromise agreements, and other remedial arrangements.
• Assess borrowers’ financial capacity, repayment behavior, account history, and supporting documents to determine eligibility for payment extensions, loan rescheduling, or settlement arrangements.
• Ensure that all approved remedial arrangements are properly documented, approved, implemented, and monitored in accordance with company policies and guidelines.
• Monitor compliance with approved repayment arrangements and initiate corrective actions when necessary.
• Evaluate requests for compromise agreements and determine appropriate settlement terms based on the borrower’s financial condition, recovery potential, account status, and applicable company standards.

Job description

JOB DUTIES AND RESPONSIBILITIES

1. Oversee the management of delinquent, distressed, and non-performing accounts endorsed to the Remedial Unit.

2. Develop and implement strategies to rehabilitate distressed accounts, improve recovery performance, and support overall portfolio quality.

3. Review and evaluate accounts for payment extension, loan rescheduling, restructuring, compromise agreements, and other remedial arrangements.

4. Assess borrowers’ financial capacity, repayment behavior, account history, and supporting documents to determine eligibility for payment extensions, loan rescheduling, or settlement arrangements.

5. Ensure that all approved remedial arrangements are properly documented, approved, implemented, and monitored in accordance with company policies and guidelines.

6. Monitor compliance with approved repayment arrangements and initiate corrective actions when necessary.

7. Evaluate requests for compromise agreements and determine appropriate settlement terms based on the borrower’s financial condition, recovery potential, account status, and applicable company standards.