ވަޒީފާތައް

Salary
MVR 15,500 - MVR 16,400

Details

Salary and Benefits
MVR 15,500 - MVR 16,400
Job Description

Post:                        Recovery Officer   

Vacancies:          02                   

Post Type:            Permanent

Department:       Finance Department

Reporting to:      Manager-Recovery

 

 

Key Tasks, Responsibilities and Deliverables:    

 

  • Assisting in developing and implementing a comprehensive recovery strategy in line with the Corporation’s recovery policies.
  • Assist Line Manager in achieving periodic recovery objectives, to reduce, upgrade the number and volume non-performing portfolio and to maintain non-performing asset ratio within acceptable rates or policy requirement.
  • Identifying, assessing, and evaluating risk areas in recovery and making appropriate recommendation for improved collections.
  • Closely monitor and pursue recovery on high risk, high balance delinquent accounts likely to have a significant impact on delinquency ratios and provision requirements.
  • Identifying key risks that are associated with collaterals, assessing those risks, and establishing the best practices to counter and ensure effective collections.
  • Issue monthly bills to customers for repayment.
  • Issue direct debit requests to bank for customers with standing orders with the Corporation.
  • Initiate reminder and demand letters to all defaulting customers.
  • Conduct collateral inspections of all NPA /delinquent accounts as per Corporation’s Collateral Policy/Recoveries Procedure and maintain up to date records.
  • Preparing accurate and timely monthly reports, indicating recovery and delinquency levels.
  • Compile statistics and reports for management review.
  • Assist in classification and declassification of customer accounts based on repayment history as per regulatory requirements and recovery procedures/policy.
  • Liaise with credit department in negotiations/meetings with customers for refinancing, rescheduling, and restructuring of overdue loans.
  • Liaise with legal department to issue notices and assist with providing essential information for litigation cases.
  • Providing necessary documentation required for the sale of securities and recovery of debt after other remedial strategies have been exhausted.
  • Follow policies & procedures of the corporation and take actions in accordance with, and as required by Recovery Procedure.
  • Ensuring adherence to policies and guidelines and regulatory requirements and ensuring high standards of integrity and ethics in all recovery activities.
  • Perform any other duties as assigned from time to time

 

Requirements and Qualifications:

  • MQA level 5 or 6 qualifications of Business/ Economics /Finance/Banking with Minimum 02- year experience in relevant field.

Other Competencies required: 

  • Strong analytical, problem-solving, and decision-making skills with the ability to adapt to change.   
  • Should be able to independently draft and type letters, internal memo’s etc.  both in Dhivehi and English Language.
  • Familiarity with trade, economic development, and development of private sector in the Maldives.  
  • Experience in debt collection would be an added advantage
  • Experience in the banking or financial services industry would be an added advantage. 

 

Remuneration Package: 

  • Gross pay between MVR 15,500-16,400 depending on the Qualification and Experience.

 

Other benefits: 

  • Health Insurance as per company policy.
  • Training and development opportunities.

  

Working Hours:  

  • The selected applicant will be required to work from 0800 to 1600 on weekdays.   

 

Documents required with the job application:  

  • Complete and up-to-date Curriculum Vitae (CV).  
  • Copy of National Identity Card. 
  • Copies of academic certificates with transcripts. 
  • All international certificates must be accredited by MQA.
  • Reference letters from current/ previous employers certifying type of employment, job roles, and service period. 
  • Recommendation letters from previous supervisors or employers (optional). 

 

How to Apply:  

 

Important notes to applicants:  

  • Incomplete applications will not be accepted. 
  • Applications should be submitted only via the given link; applications will not be accepted via email. 
  • Only short-listed candidates will be notified for the interview. 

 

For inquiries, please contact us on weekdays between 9:00 am to 13:00pm via 1613 or email to  [email protected].

Requirements and Qualifications

Minimum Experience
Not Specified

މިވަޒީފާއަށް ކުރިމަތިލުމަށް ލޮގިންވެލާ

Published Date
18 March 2025
Expiry Date
8 April 2025
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