Unit Head, Corporate Recovery (AVP - SAVP), Special Asset Management

Prime Responsibilities
•  Eastern Bank PLC. is looking for qualified resources to join our Special Asset Management (SAM) division. SAM plays an important role in assisting business growth and maximizing profitability while maintaining a balance between risk and reward over the life-cycle of bank’s products and portfolios. As a vital component of our commitment to responsible banking, this division specializes in the effective management of distressed loans and advances. With a focus on maximizing recovery while adhering to regulatory requirements, our team excels in loan restructuring, asset disposition, risk mitigation, client communication, and financial analysis. Join the team passionate about excellence and integrity in the banking sector as we continue to deliver exceptional results for our clients and stakeholders.
•  Recovery from Non-Performing Loans (NPL) and Written off (WO) Portfolio relating to corporate accounts.
•  Inspire recovery team to achieve their planned recovery activities.
•  Call/visit and make necessary communications with the customers and keep record of the same.
•  Prepare Memo and execute restructuring and rescheduling accounts and monitoring them regularly.
•  Ensure legal proceedings are taken timely and keep liaison with internal as well as external lawyers regularly.
•  Steps to decrease the classified ratio at an expected level.
•  Contribute to meet up the Bank’s profit targets.
•  To make action plan under the guidance of department policy manual and statutory circulars, Acts and guidelines.
•  Supporting coaching and developing team members, wherever applicable.

Qualification & Other Competencies
•  Minimum graduation with relevant background.
•  Minimum 7 years of experience in corporate / commercial business/ credit risk management / special asset management / corporate recovery.
•  Understanding of the full credit lifecycle.
•  Good IT skills and knowledge.
•  Excellent communication and leadership skills along with great interpersonal and customer relationship.
•  Multi-tasking, pro-active and keen to achieve set target.
•  Ability to work in a team and capability to meet deadlines.

Compensation & Benefit
•  EBL will offer excellent career opportunities with competitive salary and benefit package.

Only short listed candidates will be communicated.