Staff Assistant - Merchant Bank Job Vacancies

COMPANY Name

Merchant Bank

SOURCE

www.topjobs.lk

Closing Date

23 September 2024

One of Sri Lanka's top providers of financial services is Merchant Bank of Sri Lanka & Finance PLC (MBSL). MBSL was founded in 1982 and offers a variety of services, such as factoring, leasing, trade finance, corporate advisory, and personal financial products. MBSL, which is renowned for its creative thinking and dedication to client satisfaction, has contributed significantly to the growth of Sri Lanka's financial industry by providing specialized solutions to satisfy the various demands of both individuals and enterprises. The bank is renowned for its moral business conduct and excellent corporate governance.

✥ Merchant Bank of Sri Lanka & Finance PLC (MBSL), a well- established Financial Institution and a subsidiary of Bank of Ceylon is looking for dynamic and result oriented individual to join our team for the following post.

⁖ Staff Assistant - Recoveries

The Individual should :

Provide Continuous follow up of the customers for their due payments and collect the arrears amounts and take necessary strategies such as repayment plans/rescheduling of facilities or steps to avoid the facilities hard coded in non-performing category.

Take appropriate and timely recovery actions to move the performing portfolio towards lesser arrears position and take timely actions to minimize losses and maximize recoveries of the assigned portfolio.

Make calls, follow-up customer correspondence (reminder letters, notice of terminations) on stipulated dates as per the recovery procedure and send other client/guarantor correspondence for effective monitoring purposes.

Visit respective customers on a regular basis in order to monitor recovery status of the branches and to visit customers/guarantor when the contract goes in to more than 2 months in arrears and/or as and when required and take appropriate actions to regularize the contract.

Facilitate to the defaulted customers in terms of negotiations with the recovery officials of the Head office in order to restart payments.

Support to accelerate litigation process by coordinating with relevant branch staff.

Strategic approach on recovering non-performing portfolio.

Education and Experience :

GCE (O/L) Examination preferably with 5 credit Passes OR

GCE (A/L) Examination with 3 passes.

Minimum 1 year of experience is an added advantage.

Age: Below 30 years.

Remuneration :

Performance based remuneration package will be offered to the right candidates, based on the qualifications and experience.

⁖ Managing past-due accounts, guaranteeing the collection of past-due loans, and assisting the bank's recovery operations are the duties of a Staff Assistant - Recoveries. Negotiating repayment plans with clients, processing recovery-related paperwork, keeping correct recoveries records, and working with internal departments to monitor the status of non-performing loans (NPL) are some of the main responsibilities. For this position, you must have excellent communication skills, meticulous attention to detail, and a solid grasp of financial procedures. By reducing losses via efficient debt recovery, this role supports the organization's overall financial stability.

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