SENIOR MANAGER – CREDIT RECOVERY

SENIOR MANAGER – CREDIT RECOVERY

Prokhas Sdn Bhd
10-20 years
Not Specified

Job Description

Responsibilities :
  • Evaluating restructuring proposals, formulating and implementing appropriate management strategies for Restructured and Non-Performing Loans / Financing including but not limited to foreclosure, legal action, appointment of Receivers & Managers and Liquidators.
  • Negotiating and performing workout and/or recovery functions to achieve and meet expected results and targets including obtaining the necessary internal approvals and preparing necessary letter of offer as well as overseeing the preparation of additional legal documentation if required.
  • Monitoring the day to day management of Restructured and Non-Performing Loans / Financing including following-up with Borrowers, Guarantors, Receivers & Managers, and Liquidators for payments on the approved restructuring, rescheduling, scheme or arrangement, settlement and distributions.
  • Liaising with solicitors and managing the litigation process of Non-Performing Loans / Financing.

Requirements :
  • Candidate with at least a Bachelor’s Degree, Professional qualifications in Finance/Accountancy/Banking or equivalent. A recognized accounting qualification or an MBA would be an added advantage.
  • At least 10 years working experience in credit processing, assessing and recovery of Corporate and Commercial loans and financing.
  • Familiar with credit facility and security documentation including documentation for restructuring and rescheduling.
  • Well versed in loan recovery and foreclosure through litigation process.
  • Strong analytical skills in credit and credit risk assessment.
  • Good overall knowledge and understanding of banking and financing products.

Other Characteristics:
  • Has good leadership skills and effective negotiation skills, assertive yet mature.
  • Possess strong analytical skills with matching business awareness and interpersonal skills to interact with high level decision-makers as well as strong verbal and written communication.
  • Capable of taking the initiative and working independently as well as in a team.
  • Highly committed, result-oriented and possess the ability to multitask and work under pressure, and to meet urgent deadlines.

Prokhas Sdn Bhd is a private limited company wholly-owned by Minister of Finance, Incorporated initially established to manage the residual assets of Danaharta after it closed its chapter on 31 December 2005. Danaharta was a success story on its own, where it had managed to achieve its NPL recovery mission during the Asian financial crisis and further assist to re-energise Malaysia’s financial sector. Prokhas was then entrusted to continue Danaharta’s work and maximise the recovery value of the residual assets.

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