
Default Recovery Executive
4 days ago
About the Job:
We are looking for a Default Recovery Executive to join our team at Allied Bank Limited.
The successful candidate will be responsible for arranging settlement of NPL accounts, achieving targets for cash recovery and regularization, and ensuring review of securities/collaterals titles, valuations, and documentation perfection.
Responsibilities:
- Arrange settlement of NPL accounts and achievement of targets for cash recovery and regularization.
- Ensure review of securities/collaterals titles, valuations, and documentation perfection of assigned NPL portfolio.
- Visit manufacturing facilities, business premises, assets under lien/charge wherever required.
- Make regular follow-up with borrowers through meetings, negotiations, and persuasion to explore possibility of settlement.
- Initiate proposals for settlement/restructuring/rescheduling/write off/waiver in line with SBP criteria/bank policy.
- Initiate proposals for litigation initiation upon failure of a negotiated settlement.
- Liaise with advocates for initiation of litigations against the borrowers/guarantors/mortgagors.
- Actively follow up on litigation cases to achieve legal foreclosure/favorable litigation results.
What We Offer:
- Bachelor's or Master's degree from a reputable university.
- Minimum five years of experience in a relevant field, preferably in the financial services industry.
- Lahore and Karachi locations
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