Remedial and Recovery Section Head

1 week ago


Mandaluyong City, National Capital Region, Philippines Bank of Commerce (Philippines) Full time

I. Job Summary

To handle Remedial and Recovery unit that will undertake formal second level recovery activities with the objective of reducing the non-performing loan and avoid or recover provisions expense.

II. Duties and Responsibilities

  1. Agency Handling
    1. Processes agency accreditation.
    2. Ensures that letters of notice are being sent to clients before endorsement.
    3. Ensures timely endorsement and pull-out of accounts from agencies.
    4. Ensures timely billings are being processed monthly.
    5. Assists agencies in their inquiries.
    6. Evaluates unit subject for repossession via Dacion.
    7. Evaluates accredited agencies annually.
  2. Remedial
    1. Evaluates payment proposal of clients including payment arrangement and restructuring.
    2. Ensures the submitted documents are duly evaluated and verified.
    3. Prepares approval memo of evaluated accounts for payment arrangement.
    4. Prepares Endorsement memo to Credit Evaluation Department for accounts with evaluated restructuring request.
    5. Ensures payments are duly posted.
  3. Recovery
    1. Checks accounts and document attachments for endorsement to legal.
    2. Ensures complete documents are collated for account to be booked to ROPA.
    3. Ensures the completion of signed documents forwarded by collection agencies which are subject for repossession.
    4. Checks the memo for accounts for booking to ITL.
    5. Checks approval memo for accounts with temporary release of collateral documents.
  4. Others
    1. Evaluates waiver requests of clients.
    2. Report Preparation.
    3. Service Quality initiatives.
    4. Performs other functions that may be assigned by superiors from time to time.
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