General Manager, Special Assets – ()
- @TrendyJobbers | HR Outsourcing
- Full-time
- Posted 2 years ago
- Apply Before: July 18, 2024
- 0 Click(s)
- View(s) 619
Job Detail
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Job ID 1007813
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Career Level Others
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Experience 7 Years
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Industry Management
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Qualifications Degree Bachelor
Job Description
Job Responsibilities/ Accountabilities:
- The General Manager, Special Assets will play a key role in the success of the Group’s management of problem accounts.
- Ensure that the high-risk portfolio is well managed to mitigate against potential provisions and achieve write backs where provisions have been booked by the Bank.
- Responsible for leading in strategy setting, oversight over the portfolio, presentations to Credit Committee and Board Credit Committee, forecasting potential provisions and management of provisions to be within budget.
- Responsibility of negotiating and recommending settlement proposals of all substandard, loss and doubtful loans, including recommending write offs to the appropriate authority.
- Manage high value complex recoveries and distressed assets with a view to mitigating further deterioration.
- Recommend the appropriate structure of facilities to preserve the bank’s position and maximize the prospects of recovery.
- Oversight over recoveries of the written off book.
- Review contracts with external lawyers and participate in negotiations to finalize and sign in accordance with sanction terms and to follow up for oversight of implementation of Legal Strategy in cases where legal action has been recommended or is being already undertaken.
- Ensure proper implementation and follow up on the operational aspects of the account management with timely and proper internal administration and record keeping. Monitor the recoveries of the assigned portfolio.
- Participate in the determination of the provisioning requirements as per CBK guidelines.
- Lead in the preparation of all MIS reports, recovery budgets, quarterly provisions reviews, Independent Business
- Reviews (IBR), portfolio stress testing, and other relevant exercises to aid the management of the portfolio
Required skills
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