Manager Credit Monitoring & Recoveries job at PostBank | Apply Now

KEY RESPONSIBILITIES /KEY DELIVERABLES

• Ensure Loan monitoring and flagging of fraudulent loans is done through spot checks, direct customer engagements and consultations with the original Banker or Manager.

• Ensure customer profiles are Maintained/updated, reporting and financial covenants are maintained in loan monitoring system based on credit approval, loan agreement and other loan-related documents.

• Ensure daily review of loans in arrears, expected payments and effective follow-up for timely collection.

• Ensure active loans are reviewed to identify early warning signals and corrective actions in line with the credit policy and procedures are undertaken.

• In collaboration with the respective Branch Management and / or The Relationship Officers, formulate a rehabilitation strategy for distressed accounts before their performance deteriorates.

• Ensure timely resolution of audit, compliance, and supervisory issues in line with the credit policy for the supervised branches.

• Ensure adherence to the Bank’s Credit policies and Procedures through coaching branch teams, loan files reviews, branch credit process reviews and customer engagements.

• Train, mentor, aid Relationship Managers/Officers on general inquiries/requests regarding best loan-monitoring and recoveries practices, processes, and tools.

• In collaboration with the Branches and Relationship managers, develop, recommend, and implement strategies to ensure that the accounts under watch category, NPAs and written off are normalized and recovered.

• Ensure monitoring trackers are maintained for valuations, and insurance policies monthly, sensitize branches and relationship managers to submit renewals at least 2 months before expiry.

• Monitor all credit income lines to ensure no losses / leakages and escalate to management for corrective decisions in case of any.

• Ensure daily disbursements are called over to confirm loans disbursed conform to approved terms and conditions, any deviations to be escalated to management.

• Manage loan default and written off loans by undertaking daily to monthly analysis and reporting issues/exceptions to your supervisor for escalation where necessary.

• Ensure security disposals are undertaken as per mortgage, chattel act and credit policy and procedures.

• Manage and ensure that Auctioneers have valid licenses, SLAs and insurance policies and ensure regular monitoring and tracking of their performance

• Ensure timely issuance of all notices for defaulting borrowers

• Ensure trackers for recovery costs spent by the bank, sold securities, impounded and advertised securities are maintained and costs recovered.

• Facilitate negotiations with Customers regarding settlement agreements and ensure that all proposed settlements are approved and tracked.

BUSINESS BEHAVIORS & FINANCIAL RESPONSIBILITY

• Ensuring no financial losses out of own work Lapses

• The ability to communicate clearly both verbally and in written form in a professional manner is deemed essential.

• Ability to build functioning working relationships across the branch, Bank and cultural boundaries.

• Ability to demonstrate positive image and role model PBU’s values and leadership behaviors. impeccable integrity.