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.

How will you contribute

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.

What will make you successful

-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)

Sr. Remedial Account Officer