Recovery Officer | ICB Islamic Bank

Apply Online

ICB Islamic Bank Limited is looking for dynamic individuals for Recovery and Monitoring Division.

Requirements
Education: Master of Business Administration (MBA), Master of Science (MSc)

Experience

At least 5 years
The applicants should have experience in the following business area(s): Banks

Additional Requirements

Age at most 35 years
Related experience in Banking will get preference.
Knowledge on Bangladesh Bank guideline on classification of various types of loan and related circulars.
Knowledge on Artha Rin Adalat Ain-2003 and on N. I Act.
Knowledge on negotiating with defaulter clients for Re-schedule and compromise settlement.
Technique of obtaining / gathering knowledge on the location, ownership and description of mortgagor and mortgage properties, ability to identify CS,SA, RS, BS, Land Jarip, Porcha & BDS.
Knowledge of pressurizing defaulter clients by official process and force for settlement.
Knowledge on making/preparing/guiding panel lawyer for drafting plaint for cases/suits.
Knowledge on lower court procedures and attending court to protect Bank interest while giving witness.
Sourcing potential buyers to dispose of mortgage properties.
Must have strong physical fitness to undertake field visit at all time (Day/Night)
Excellent computer knowledge, especially on MS WORD, MS EXCEL & MS POWER POINT.

Responsibilities & Context

Physical visit to the defaulter client, guarantor, mortgage property (arrange to place bank’s signboard) and preparation of visit report thereof for the management appraisal.
A certain correctness of mortgage property from local Land office and local residents.
To take all necessary step for recovery of the Bank due’s through Re-schedulement, Declassification and Compromise Settlement with the defaulter clients.
To prepare account synopsis for the Management/Board for their decision on settlement proposal of defaulter clients and prepare sanction letter after getting approval.
To monitor the reschedule/settlement accounts for regular payment as per settlement arrangement. To keep total security cheque and issue remainder letter to the client for payment as necessary.
Prepare & monitor issuance of final demand notice to defaulter client, guarantor & mortgagor.
To make all related correspondence to the defaulter client in connection with the settlement.
Liaison with Legal Department for issuance of legal notice and subsequent filing of case under NI Act & Artha Rin Adalat Ain-2003.
To conduct with panel solicitors to prepare case summary for the Legal procedure against the defaulter client under N.I Act section-138, Artha Rin Adalat Ain-2003 and others.
To attend the various courts after filing the suit against the defaulter clients on different date fixed by the court till final judgment of the suits/cases.
Prepare and submission of court progress and lawyers skill of handling respective case.
Preparing daily, weekly and monthly reports on Non-performing Loan (NPL) and Recovery Report as well as provides all information to the Management.
Prepare Board Memo for submission to higher Management and report for submission to BB & prepare reply for BB queries.
Keep ready photocopy of all Land related papers and chain of ownership of mortgagor.
Prepare account liability position as per latest BB instruction with the help of IT application.
Work as a team to achieve monthly recovery target.
To source buyers for selling mortgage property.