Sr Remedial Account Officer

RCBC; Taguig; On-site; PHP 900,000 - 1,300,000; Full time

Job summary

RCBC is seeking a seasoned professional to manage potential and actual loan defaults, focusing on mitigating and reducing non-performing loans through restructures, litigation, and other rehabilitation strategies.

The role involves evaluating borrowers, negotiating repayment terms, coordinating with Litigation and Operations, and preparing portfolio reports for senior management. Requires 6+ years banking experience and strong financial analysis skills.

Qualifications

• Bachelor’s degree in business or economics or similar.
• At least six years of banking experience in lending, remedial management, or credit analysis.
• Strong negotiation and financial analysis skills; proficient in Word/Excel.

Responsibilities

• Evaluate borrower financials, debt service, and documentation for loan delinquency.
• Formulate scenarios for immediate resolution and monitor appraisal/reports updates.
• Negotiate repayment schemes and obtain concurrence for approved plans.
• Implement approved packages and coordinate record updates with Ops and units.
• Coordinate with Litigation on legal recovery plans and filing of cases.
• Represent the bank in creditors' meetings and coordinate with other creditors/regulators.
• Prepare reports on portfolio status and ensure data accuracy.

Skills

Account management

Negotiations

Financial analysis

Legal procedures

Risk management

Data accuracy

Education

Bachelor's degree in business or economics

Tools

Microsoft Word

Microsoft Excel

Job description

Job Description:

Job Summary

• Responsible for managing potential and actual loan defaults, primarily focused on the mitigation
• and reduction of the Non-Performing Loans of the Bank through timely, efficient and effective loan
• restructures, litigation processes and other mediums of loan rehabilitation, recovery and
• collection.

How will you contribute?

• 1. Evaluates borrower’s financial and debt service capacities, reasons for loan delinquency,
• quality of loan documentation and credit files and information. Further, obtains, monitors
• and updates client’s documents and reports (i.e. financial statements) required for the
• assessment and review of the account. Inspects client’s business and verifies that the
• client’s representations on the status of the business are in fact truthful.
• 2. Formulates various scenarios geared towards the immediate resolution of each assigned
• account and monitors and coordinates the timely updating of appraisal reports and credit
• investigation reports according to the prescribed frequency.
• 3. Negotiates with clients for a repayment scheme and sets terms and conditions and
• obtains client’s concurrence with the mutually-acceptable plan. Then, prepares and submits
• recommendation memo covering the proposed repayment program for approval by the
• approving authority.
• 4. Implements approved repayment packages and monitors compliance with the approved
• terms and conditions. Coordinates with Operations Group and other units the timely records
• and documents updating while facilitates and monitors account movements which includes
• loan payment applications, insurance premium payment, property tax payment among
• others.
• 5. Coordinates with Litigation Department on the implementation of legal recovery plans,
• including filing of the appropriate cases, foreclosure of mortgages, replevin and attachment,
• and other legal recourses.
• 6. Represents the Bank in Creditors' meetings and coordinates with authorized
• representatives of other creditor banks and/or regulatory agencies for accounts under loan
• syndication/consortium arrangements.
• 7. Prepares and submits reports concerning the loan portfolio being managed (including but
• not limited to portfolio masterlist, account profiles, status updates, etc.) and other periodic
• reports that may be required by senior management and ensures completeness and
• accuracy of all reported data, verifies veracity of data and information source.

What will make you successful?

• -College graduate, preferably business or economics course
• - Working knowledge of basic account management,
• basic documentation, legal procedures and practices,
• negotiations, policies, practical business orientation,
• remedial management, risk management and
• technical expertise; well-versed in BIR, SEC and BSP
• Regulations
• -At least six (6) years of banking experience preferably
• in the area of lending, account management,
• remedial management, and/or credit analysis
• -Negotiations and financial analysis skills; computer
• literate (Word and Excel)