Executive, Recovery Management

Job Purpose

Manage a portfolio of impaired cases under the Development Finance Business ("DFB") of MIDF Berhad and execute the process management efficiently and effectively with the prime objective of :

i. Maximising recoveries in a timely manner;

ii. Reducing impaired ratios appropriately; and

iii. Ensuring the adequacy and timely impairment provisions.

Job Descriptions

Financial Performance

Develop and manage the credit quality assurance process and plan to maximise the collection of the impaired portfolio given / assigned :

• Continuous engagement with customers / guarantors on repayment, settlement and resolution of impaired cases.
• Ensure active management of impaired accounts, conduct debt rehabilitation / settlements on an ongoing basis with customers / guarantors and ensure that actions are taken in a timely manner.
• Ensure the implementation of the approved financing rescheduling / restructuring in a timely manner based on the agreed terms.
• Proactive and diligent management of the impaired portfolio to improve the recovery rate through timely review and analysis of the course of action to be taken.
• To remain vigilant in identifying adverse signs / red flags that may potentially further cause asset deterioration / loss and to recommend appropriate remedial actions.
• Ensure all tangible security(ies) are adequately insured, all quit rent and assessment in relation to landed properties held as security(ies) are duly paid in order to protect the asset(s) of the Bank and maximise the value of the security(ies).
• Ensure proactive impairment assessment on the impaired portfolio and work closely with Finance / Risk Management / Bank Operations / Business Division.

Customer / Franchise Growth

Internal Process

Controls / Risk Management

Development

Qualifications & Experience

Skills