Remedial Officer (Loans)

Hammerjack Pty Ltd; Philippines; On-site; PHP 900,000 - 1,300,000; Full time

Job summary

Hammerjack Pty Ltd in Taguig City, Philippines, seeks an experienced professional to manage past due loans and remedial accounts, aiming to reduce NPLs and recover loan exposure. You will improve collateral positions and, when needed, initiate legal actions.

The role requires handling consumer and commercial banking accounts, with strong negotiation and financial analysis skills. Senior leadership responsibilities and court involvement may be required.

Qualifications

• At least 3 years work experience in handling remedial accounts.
• Experience in handling consumer banking and commercial banking.
• Experience in handling Commercial / Corporate Accounts.
• Credit and financial analysis experience.
• Excellent negotiation and presentation skills.

Responsibilities

• Prepares informative memoranda for Management perusal containing account developments and/or loan recovery efforts.
• Prepares necessary recommendations and presents strategy/remedial action to Management.
• Coordinates with bank units to implement settlement scheme documentation.
• Monitors clients' adherence to settlement terms and on-time remittance of payments.
• Monitors developments affecting settlement schemes and case progress versus borrowers.
• Attends consortia meetings and court hearings when necessary.
• Prepares correspondences to clients and fellow creditor banks.
• Prepares reports such as collection reports and master lists.

Skills

Remedial accounts experience

Credit analysis

Financial analysis

Negotiation skills

Presentation skills

Banking experience

Job description

Job Summary

Responsible for the management and resolution of past due loans as well as potential problem accounts referred by the Group, focusing on the development and implementation of remedial remedies and appropriate action plans with the objective of reducing the Bank's Non-Performing Loans (NPL); Ensures recovery of loan exposure. Improves collateral/security position; and in specific instances, initiates and sustains legal actions.

Job Duties and Responsibilities

• Prepares informative memoranda for Management perusal containing account developments and/or loan recovery efforts, whether prospective or ongoing.
• Prepares necessary recommendations and presents to Management appropriate strategy/remedial action to undertake emerging from the evaluations/studies/researches made.
• Coordinates with other units of the bank to ensure smooth and proper implementation and documentation of approved settlement scheme.
• Monitors/ensures clients/borrowers adherence to the terms and conditions of the approved settlement scheme, most especially the on-time remittance of the scheduled payments and compliance with the documentary requirements.
• Monitors subsequent developments with the company (e.g. supplier relations, loss of customers, etc.) and the industry (e.g. removal of tariffs, new entrants and new production technologies) which may impact the approved settlement scheme as well as development on cases filed versus the borrowers.
• Attends consortia meetings as well as court hearings, if deemed necessary.
• Prepares necessary correspondences to clients as well as fellow creditor banks.
• Prepares reports such as collection report, master list of accounts and other reports that maybe required.

Qualifications

• At least 3 years work experience in handling remedial accounts
• Experience in handling consumer banking and commercial banking
• With experience in handling Commercial / Corporate Accounts
• Has credit and financial analysis experience
• Excellent negotiation and presentation skills

Other details

Rank: Senior Assistant Manager to Senior Manager

Office Location: The Shops, BGC, Taguig City