Sr Remedial Account Officer

Job Summary

• Responsible for managing potential and actual loan defaults, primarily focused on the mitigation
• and reduction of the Non-Performing Loans of the Bank through timely, efficient and effective loan
• restructures, litigation processes and other mediums of loan rehabilitation, recovery and
• collection.
  
  

• 1. Evaluates borrower’s financial and debt service capacities, reasons for loan delinquency,
• quality of loan documentation and credit files and information. Further, obtains, monitors
• and updates client’s documents and reports (i.e. financial statements) required for the
• assessment and review of the account. Inspects client’s business and verifies that the
• client’s representations on the status of the business are in fact truthful.
• 2. Formulates various scenarios geared towards the immediate resolution of each assigned
• account and monitors and coordinates the timely updating of appraisal reports and credit
• investigation reports according to the prescribed frequency.
• 3. Negotiates with clients for a repayment scheme and sets terms and conditions and
• obtains client’s concurrence with the mutually-acceptable plan. Then, prepares and submits
• recommendation memo covering the proposed repayment program for approval by the
• approving authority.
• 4. Implements approved repayment packages and monitors compliance with the approved
• terms and conditions. Coordinates with Operations Group and other units the timely records
• and documents updating while facilitates and monitors account movements which includes
• loan payment applications, insurance premium payment, property tax payment among
• others.
• 5. Coordinates with Litigation Department on the implementation of legal recovery plans,
• including filing of the appropriate cases, foreclosure of mortgages, replevin and attachment,
• and other legal recourses.
• 6. Represents the Bank in Creditors' meetings and coordinates with authorized
• representatives of other creditor banks and/or regulatory agencies for accounts under loan
• syndication/consortium arrangements.
• 7. Prepares and submits reports concerning the loan portfolio being managed (including but
• not limited to portfolio masterlist, account profiles, status updates, etc.) and other periodic
• reports that may be required by senior management and ensures completeness and
• accuracy of all reported data, verifies veracity of data and information source.
  
  

• -College graduate, preferably business or economics course
• - Working knowledge of basic account management,
• basic documentation, legal procedures and practices,
• negotiations, policies, practical business orientation,
• remedial management, risk management and
• technical expertise; well-versed in BIR, SEC and BSP
• Regulations
• -At least six (6) years of banking experience preferably
• in the area of lending, account management,
• remedial management, and/or credit analysis
• -Negotiations and financial analysis skills; computer
• literate (Word and Excel)