For those who are looking to explore a new career path and ready for a challenge, take this opportunity to excel yourself with MDV.
Vacancies: 1
Job Description
- Assess customers appetite and financial situation on the repayment of loans provided by MDV and recommend a reasonable recovery strategy by restructuring / rescheduling the outstanding balance of the loan to avoid default in payment and further deterioration in credit risk.
- Negotiate with clients on the proposed restructuring approach to extract optimum value out of the delinquent portfolios.
- Analyse the customers audited financial statements, management accounts, cash flows, etc.
- Analyse / evaluate the viability of the restructuring and/or rescheduling proposal.
- Prepare memorandum / proposal papers and present to relevant Financing Committees for decision and approval.
- Ensure completion of the new loan documentation including Supplemental Letter of Offer and any additional security documents upon approval of the rehab proposal.
- To monitor the prompt conduct of account to ensure it is nursed back to health.
- Preparing and ensure that all reporting under care completed to meet the deadline.
- To liaise with Heads or Credit Managers for the latest information concerning the accounts especially for those that have deteriorated in arrears.
- Promptly identify early warning symptom of problem accounts and dig substantively underlying facts and bring issues to focus.
- Proactively manage and monitor the accounts Underperforming Stage 2 Accounts and Early Control to maximize full recovery.
- Develop effective strategy and action plan to manage the problem accounts.
- Weekly and monthly follow up on regularization of all overdue accounts.
- To conduct site visit for selective accounts more than 1 MIA.
- Avoid surprises through early detection and identification of all problem accounts.
- Dig substantively and develop facts and strategy
- Bring key issues into clear focus supported by a time bound account strategy.
- Prevent further deterioration of accounts into non-performing category.
- Effectively managing the accounts within a targeted timeline.
- Working together with Business Division and all Credit Managers to make them understand the effect of impairment under the crucial impairment under MFRS9 to the company's bottom line.
- Providing them the crucial impairment reports so that early monitoring and work-out plan could be done or implemented early.
- To immediately act on alerts triggered by Experian-red alert on litigation, business watch on SSM and credit watch on CCRIS scrubbing.
- Investigate and obtain latest updated from Business Division/Credit Managers.
- Pre-empt accounts either to be reported in Stage 2 Reporting/Early Care or pre-Early Care.
- Keep proper records for Business Division under purview.
Requirements
- Bachelor's Degree in Accounting, Finance, Economics, Investment, or equivalent.
- ACCA or professional qualifications (e.g. CPA/ ICAEW/ CFA/ IBBM's CCP) is also preferred.
- Minimum 10 years of experience in corporate recovery/restructuring/rehabilitation, loan workout, or special asset management within banking, DFIs, or financial institutions.
- In-depth understanding of credit analysis, corporate restructuring, rescheduling/rescheduling (R&R) frameworks, and enforcement strategies.
- Strong leadership, stakeholder engagement, negotiation, and decision-making skills.
Benefits:
- KWSP employer contribution 16%
- Petrol benefit
- Car allowance
- Phone bill & purchase benefit
- Parking benefit
- Annual leave 21 days
- Study and exam leave 10 days
- Compassionate leave 10 days
- Marriage leave 5 days
- Maternity benefit
- Optical & dental benefit
- Outpatient and hospitalization benefit for self and immediate family
- Allowance for Raya, Chinese New Year, Deepavali, Christmas and Merdeka
- Hybrid working arrangement
- Flexible working hour
