Sr. Remedial Account Officer

RCBC; Taguig; On-site; PHP 600,000 - 900,000; Full time

Job summary

RCBC in Manila is seeking a skilled Credit Recovery Officer to manage potential and actual loan defaults and to mitigate Non-Performing Loans through restructuring, litigation support, and proactive recovery actions.

You will evaluate borrowers' financials, devise repayment schemes, coordinate with litigation and operations teams, and prepare accurate reports for senior management, ensuring compliance with banking regulations.

Qualifications

• Bachelor’s degree in business or economics is required.
• Experience in account management, documentation, legal procedures and negotiations with strong business sense.
• At least six years in banking, lending, remedial management or credit analysis.
• Strong negotiations and financial analysis skills; proficient with Word and Excel.

Responsibilities

• Evaluates borrower’s financial and debt service capacity and documents for assessment.
• Formulates repayment scenarios and monitors appraisal and credit reports.
• Negotiates repayment schemes and prepares approval memos.
• Implements repayment packages and coordinates with Operations for records updates.
• Coordinates with Litigation on legal recovery plans including filings and foreclosures.
• Represents the Bank in creditors’ meetings and with other banks/regulators.
• Prepares and submits portfolio reports and other management reports.

Skills

Account management

Documentation

Legal procedures

Negotiation

Remedial management

Risk management

Regulations (BIR/SEC/BSP)

Financial analysis

MS Word

MS Excel

Education

Bachelor’s degree in business or economics

Tools

MS Word

MS Excel

Job description

• 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.

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)