
Portfolio Recovery Specialist
4 days ago
Job Description:
- We are seeking a highly skilled Portfolio Recovery Specialist to join our team at Allied Bank Limited.
- The successful candidate will be responsible for arranging settlement of NPL accounts and achieving targets for cash recovery and regularization.
- This role requires a thorough understanding of securities, collateral titles, valuations, and documentation perfection.
- The ideal candidate will have strong negotiation and persuasion skills to explore settlement possibilities with borrowers.
- The selected individual will also initiate proposals for settlement, restructuring, rescheduling, write-off, or waiver in line with SBP criteria and bank policy.
- Additionally, they will liaise with advocates for litigation initiation and actively follow up on litigation cases to achieve legal foreclosure or favorable results.
- The chosen candidate will ensure all legal suits are pursued and represented by ABL counselors, and will record progress and recovery efforts properly.
- The selected individual will identify and attach borrower's assets or properties where adequate collateral is not available.
- They will adhere to Bank's approved policies, SBP prudential regulations, and applicable laws relating to management and recovery of NPL portfolio.
- The ideal candidate should possess problem-solving and decision-making skills, and the ability to work under pressure.
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Credit Recovery Expert
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Lahore, Punjab, Pakistan Allied Bank Limited Full timeAbout the Role:The Portfolio Recovery Specialist will play a crucial role in managing and recovering NPL portfolio for Allied Bank Limited.The ideal candidate will have a strong background in financial services, preferably with five years of experience in debt collection or credit recovery.The selected individual will be responsible for ensuring compliance...
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Recovery Specialist
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