Remedial Officer (Loans)

Metrobank; Taguig; On-site; PHP 800,000 - 1,100,000; Full time

Job summary

Metrobank is seeking a Senior Assistant Manager to lead the recovery of past-due loans and manage problem accounts. You will develop remedial remedies and action plans to reduce Non-Performing Loans and improve collateral security, including potential legal actions when needed.

The role requires coordinating with various bank units, presenting strategy to Management, and ensuring proper documentation of settlements. Strong negotiation and financial analysis skills are essential.

Qualifications

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

Responsibilities

• Prepare management memoranda on account developments and recovery efforts.
• Recommend and present strategies for remediation and settlement to Management.
• Coordinate with bank units to implement and document settlements.
• Monitor debtor adherence to settlement terms and timeliness of payments.
• Track developments in clients and industry affecting settlement schemes.
• Attend consortia meetings and court hearings when necessary.
• Draft correspondences to clients and other creditor banks.
• Produce reports such as collection reports and master lists of accounts.

Skills

Remedial accounts experience

Consumer & commercial banking

Commercial/Corporate accounts

Credit & financial analysis

Negotiation & presentation

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