Posted Apr 19, 2019
- Maintaining MIS of default cases with all details pertaining to default portfolio.
- Lodgment of postdated cheques of delinquent borrowers for forced settlement of bad loans by collecting necessary information from concerned branches.
- Seeking timely approvals from management for filing of suits, entrusting the case to the lawyers, arranging the provision of necessary documents as required for filing suits in the relevant courts.
- Based on the Monthly Aging, collections/dunning letters are to be sent to all customers as per defined SOP’s of bank.
- Placing direct phone calls/sms and e-mails to customers that are past due for negotiation for settlement of outstanding overdue amounts.
- Reviews collection reports to ascertain status of collections and balances outstanding and to evaluate effectiveness of current collection policies and procedures.
- Takes action to repossess, foreclose, and take possession of collateral security involved in delinquent loans. Conducts evaluations of collateral security and arranges for the disposition of it.
- Maintains files & records to provide a chronology of collection activity for every delinquent account, and provides weekly, monthly, and quarterly reports of collection results.
- To systematically and aggressively follow-up through field staff current non-performing and unsatisfactory accounts in order to reduce default exposure and maintain loss experience to a minimum level.
- Responsible to consolidate and report the collection and default reports to appropriate levels of management. broadly the following minimum reports fall within the collection & default analyst’s purview other than the mentioned above:
•loan aging classification, aging analysis & periodic reviews of classified portfolio
•recovery efforts & default recovery a) default management monitoring
• default analysis / reasons
• default reporting
• handling / dealing NPL’s i.e. rescheduling/restructuring and settlement (if applicable)
• handling write-off due diligence reporting
• write off recovery, Deceased accounts Claim follow up & settlement.
- Involves regularly reporting the collection department’s progress and statistics. This may be performed each week or on a monthly basis, and often requires knowledge of statistics and data analysis to present their information to management or their department to highlight trends or achievements.
- Any other assignment by the management.
Job Details
Mobilink Microfinance Bank
Mobilink Microfinance Bank Limited (MMBL) is Pakistan's largest digital bank with over 20 million registered and 8 million active digital wallets. Backed by VEON Co., MMBL started operations in April 2012 and launched branch-less banking operations under the brand name JAZZCASH in partnership with Pakistan's largest telecom operator JAZZ in Nov 2012. Being a hybrid model that combines traditional micro finance with mobile / digital banking technologies, the bank now operates with 74 branches, with more than 1559 employees, a network of over 90000 branch-less banking agents (growing) and a USSD (GSM) based digital channel in the country offering savings, micro enterprise (MSME) loans, small housing loans, remittances, collection (of utility bills and loan installments), mobile wallets, insurance, G2P, B2B & B2P payments and thus playing a leading role in promotion of financial inclusion. Despite being a young bank, Mobilink bank has emerged as one of the front runners in the sector and achieved financial break-even within four years of commencing operations in 2016, one of the fastest in the industry. Financial performance of the Bank has been remarkable in 2016, 2017 and 2018 Mobilink Bank & JAZZ, under the brand name JAZZCASH, envision to become market leaders in branchless banking, digital banking and micro financial services offering simple, innovative and value added products and services to the people of Pakistan. MMBL game plan aims at taking banking from confines of limited number of brick and mortar structures to cell phones and thus make a significant contribution in banking the unbanked through digital channels. The Bank so far has financed over 500,000 individual micro and small businesses since inception of the Bank in 2012 and is the proud recipient of “Bank of the Unbanked Award” in 2018 and 2019.
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