Executive – Recoveries & Collections - Maldives Finance and Leasing Company Pvt Ltd (MFLC)

Deadline: 25 April 2024

To strengthen our valuable human resources, we are looking for dynamic and people oriented person to recruit for the following position in our organization.

Key Responsibilities:
• Achieve assigned recovery targets within specified periods.
• Send monthly standing order reminders to institutes registered under the salary deduction scheme on time.
• Minimize monthly outstanding due payments to maximize cash flows and maintain a quality performing portfolio.
• Ensure timely handling of possible Non-Performing Loan (NPL) tasks under recovery and collection.
• Ensure accurate and timely entry of payments into the system and communicate any delays to the immediate supervisor.
• Maintain a deep understanding of borrower backgrounds and circumstances to uphold customer relationships and service reputation.
• Monitor credit repayments and arrears, taking appropriate actions to minimize delinquency and impairment.
• Review and suggest improvements to internal arrangements for credit repayments.
• Coordinate with the credit division to address identified lapses in the credit granting process.
• Conduct field visits and issue reminders to customers as required.
• Proactively negotiate and implement recovery strategies.
• Compile and provide regular reports on daily collection performance.
• Ensure effective due diligence processes are followed.
• Maintain up-to-date knowledge of regulations and internal policies related to credit and collections.
• Follow functional instructions from the reporting line.

Qualifications and Experience:
• O-levels / A-levels OR bachelor's degree in finance, business administration, or related field.
• Proven experience in collections or a similar role.
• Ability to work independently and under pressure

Salary and Other Benefits:
• An attractive remuneration package to suit the qualifications and experience.
• Health Insurance provided upon confirmation of employment offer.
• On the job training.

Detailed bio-data/curriculum vitae (CV)/resume, covering letter, supported by two non-related referees should be addressed as below and mailed to ( hra@mflc.mv  ) or submitted before April 25, 2024 in person. Please note, only short-listed candidates will be notified.

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