loans receivable officer
11 hours ago
Job description
Loan-Related
- Should build his/her own loans receivable report and reconcile it with the loans receivable report from IT (from email which is automatically send on a monthly basis, and in Power Bi report), and reconciliation reports from the payment officer. This includes the report for force closed/written off accounts (whether manually force closed or set by IT team in the BPM) using excel tools.
- Accounts and checks loan issuances, repayments, account based on the reports from payment & collection channels and loan management system, and reconciliation reports of the payment officer.
- Checks and monitors refund payable to clients
- Checks and monitors write off/force closed accounts of clients
- Collaborate with ITs and other departments for any movements related to clients' loans receivable accounts in BPM (loan issuances, repayments, force closed, write off, promotions, new loan products)
- Collaborate with accounting for month-end reports (reconciliation of loans receivable balances per FS and IT report). Ensures that the account balances are reconciled for FS reporting.
- Prepares aging of receivables report and monitors the accounts that are past due.
- Handles provision and write off of bad debts based on aging of receivables report and set policies for write off (based also on the loan portfolio performance from collection team)
- Facilitates the following: repayments for receipts; review/check of manually written transaction on receipts received from writer;, filing and archiving of receipts after checking; compliance of receipts in accordance to BIR regulations
Assistance in preparation of financial reports
- Prepares necessary additional schedules and reports as requested by the finance hierarchy with utmost accuracy and adherence to set timelines
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