About FMFB-A:
As a background, FMFB-A started its operation in 2004, and is part of the Aga Khan Agency for Microfinance (AKAM), which has financial institutions operating in different countries throughout the world. It is affiliated with the Aga Khan Development Network (AKDN), a group of development agencies working in health, education, culture and rural economic development.
Job Summary:
The Recovery function is critical to prudently managing the bank’s special assets portfolio; the incumbent of the position is responsible for management of the team and the process in all aspect of special assets account, for the efficient and effective management of the Special Assets portfolio.
Job Details:
| Title | SME & Corporate Recovery Manager | # of Vacancies | 1 |
| Nationality | Afghan | Grade, Salary | As per the Bank salary scale |
| Type | Full-time | Closing date | May 6, 2024 |
| Duration | Permanent | Location | Credit Department – Head Office |
| Vacancy No. | FMFB-HR-0053-2024 | Gender | Male |
Duties and responsibilities:
- Plan, develop and implement effective strategies to improve bad debt recovery in Corporate and SME segments.
- To lead and manage the Debt Recovery team and ensure that timely support is provided to the collection team.
- Create and implement action plans for resolving problem loan weaknesses and defaults, to include restructures, legal action, settlements, foreclosures, liquidations and other actions. Negotiate with defaulted borrowers and guarantors to arrive at best possible resolutions.
- Work with legal counsel to ensure bank’s best interest are represented and enforced.
- Analyze data to report on the financial deficiencies resulting from SME and Corporate accounts, and maintain/retain data and records based on DAB’s assets classification and provisioning regulation.
- Closely work with the collection team and clients to resolve loans that have been assigned to the recovery unit.
- Responsible for restructuring special assets accounts and the subsequent monitoring.
- Act as a liaison and building good relationship with local authorities (police office, directorates and courts).
- To develop and execute bad debt recovery processes to provide a standard and unified framework with regards to recovery of bad debts, progression of cases, recovery cycles, use of collection agencies, court action and write off of debt and meet the agreed recovery target.
- Ensure that appropriate procedures are in place to progress all debts through the recovery cycles and setting clear framework so staff can identify the most suitable means of recovery.
- To monitor and review the performance of internal and external collection agents and ensure the recovery targets are achieved by the collection agents.
- Contract with and utilize bank legal counsel as needed.
- Manage internal and external resources required in the sale of repossessed assets, including personal property, hypothecated assets, vehicle, and inventory.
- Ensure adherence to policies, procedures, customer’s rights protection circular and other appropriate compliance measures in handling Special Assets accounts.
- Monthly reports to the Chief Credit Officer and Delinquency Committee.
- Any other duties as assigned by the Chief Credit Officer.
Qualifications:
- Having a Bachelor Degree of Business Administration and Account & Finance.
- Having at least 5 years’ experience in the field of Branch Manager, Collection Manager or portfolio manager; preference will be given to candidates with experience in collection or recovery manager with a bank.
Skills and Knowledge:
- Extensive knowledge of accounting, financial statement analysis, cash flow, and dealership operations.
- Knowledge of financial and legal processes of all aspects of commercial lending to business and consumers.
- Good knowledge of Secured Transaction Law on Movable property in banking transaction and Good knowledge of Law on Mortgage of Immovable Property in banking transaction and Understanding of legal remedies available in loan default scenarios.
- Good knowledge (or willingness to learn) of the DAB and Basle Committee rules and regulations pertaining to prudential risk management.
- Proficient in Microsoft Office programs specially in Excel and Very good command in spoken and written English.
Submission Guideline:
If you meet the above requirements, we are encouraging you to apply for this position. Please send us your CV along with a cover letter via email at (vacancies@fmfb.com.af).
Please make sure that your email includes the vacancy ID as the subject line.
Note that, only the candidates who are meeting the requirements of the position will be shortlisted.