|Date Posted:||Jul 7, 2019|
|Closing Date:||Jul 22, 2019|
|Work Type:||Full Time|
|Number of Vacancies:||1|
|Functional Area:||Accounting/Finance ,Business Administration|
|Salary Range:||As per company salary scaleAF|
|Years of Experience:||5 - 6 Years|
|Probation Period:||3 months|
The First Microfinance Bank - Afghanistan.
Founded in 2004, The First Microfinance Bank - Afghanistan (FMFB-A) is part of the Aga Khan Agency for Microfinance (AKAM), which has programmes in over 10 countries throughout the developing world. FMFB-A's vision is to be recognized as the leading microfinance services provider contributing to poverty alleviation and economic development through the provision of sustainable financial services primarily targeting micro/small businesses and households. The bank provides credit and deposit products to a wide range of clients including micro, small and medium enterprises along with commercial banking and international remittance services.
The bank is also a member of the Global Alliance for Banking on Values (GABV) - an independent network of banks using finance to deliver sustainable economic, social and environmental development. Our values-based banking agenda focuses on providing affordable financial services that promote entrepreneurship, agriculture, incremental housing and clean energy in Afghanistan.
With over 1,100 employees (20% women), FMFB-A operates in 14 provinces of Afghanistan through 39 branches (including one women only branch). The number of FMFB-A clients across 14 provinces reaches about 180,000 (23% women) both in rural and urban areas. The FMFB-A loan outstanding and savings values reach to over AFN 6.2 billion and AFN 2.5 billion, respectively.
The Recovery and Special Assets Management function is critical to prudently managing the bank’s special assets portfolio; the incumbent of the position is responsible for management of the team and the process in all aspect of special assets account, for the efficient and effective management of the Special Assets portfolio.
Requires travel to provinces:
- Extensive knowledge of accounting, financial statement analysis, cash flow, and dealership operations
- Knowledge of financial and legal processes of all aspects of commercial lending to business and consumers.
- Good knowledge of Secured Transaction Law on Movable property in banking transaction.
- Good knowledge of Law on Mortgage of Immovable Property in banking transaction.
- Good knowledge (or willingness to learn) of the DAB and Basle Committee rules and regulations pertaining to prudential risk management.
- Understanding of legal remedies available in loan default scenarios.
- Prior experience working effectively with outside counsel/party.
- Proven ability to collaborate effectively with internal and external parties under difficult circumstances
- Knowledge of banking principles, policies and procedures
- Ability to work on multiple tasks simultaneously, managing time and resources.
- Proven ability to build strong relationships both internally and externally
- Proficient in Microsoft Office programs specially in Excel.
- Very good command in spoken and written English.
- Excellent analytical thinking and attention to details and strong written communication skills.
- Can-do attitude, good organizer with self-planning skills with strong problem-solving and decision-making abilities.
- Independent mindset, able to draw conclusions and communicate his/her concerns in a clear and concise manner to the management.
- Good communication and reporting / presentation skills.
Duties & Responsibilities:
- Develop appropriate policy, procedures and tools for effective management of the unit and special account handling.
- Develop and implement strategies to maximize special assets account recoveries.
- Create and implement action plans for resolving problem loan weaknesses and defaults, to include restructures, forbearances, legal action, settlements, foreclosures, liquidations, note sales, and other actions. Negotiate with borrowers and guarantors to arrive at best possible resolutions.
- Complete appropriate impairment analyses, accrual and non-accrual determinations, reserves and charge-off recommendations. Prepare and submit approvals for same to senior management.
- Work with legal counsel to ensure bank’s best interest are represented and enforced.
- Advise business unit and recovery unit on strategies to resolve loan problems before they accelerate to the point they need to be transferred to SAM.
- Analyze data to report on the financial deficiencies resulting from MF and SME special assets accounts, and maintain/retain data and records based on DAB’s assets classification and provisioning regulation.
- Coordinate information flow between Special Assets team, finance, MF, SME, recovery and legal team as needed to manage special assets accounts.
- Closely work with special assets team and clients to resolve loans that have been assigned to Special Assets.
- Responsible for restructuring special assets accounts and the subsequent monitoring.
- Act as a liaison and building good relationship with local authorities (police office, civilian rights directorate and courts).
- Formulate and implement litigation strategies in collaboration with outside counsel as needed
- Prepare for and implement foreclosures and liquidations as needed.
- Contract with and utilize bank legal counsel as needed.
- Properly manage reserve and charge-off with recommendations to the management.
- Monitor expenses related to contract legal person involved in workout situations.
- Manage internal and external resources required in the sale of repossessed assets, including personal property, hypothecated assets, vehicle, and inventory.
- Ensure adherence to policies, procedures, customer’s rights protection circular and other appropriate compliance measures in handling Special Assets accounts.
- Ensure timely reporting to senior management on exposure and potential losses, reserve amounts, and assets classification changes.
- Monthly report to the Management and stakeholders on special assets, collection and losses.
- Quarterly report for the Risk Management Committee on special assets, collection and losses.
- Ad hoc reporting on financial losses, their impact and lessons learnt.
- Reporting on the identified gaps and/or improvement opportunities in policies and processes related to credit and portfolio management.
- Proactive communication of any issues that may arise from data analyses.
Job Location:Afghanistan, Kabul
The position requires bachelor degree in Accounting, Finance or Business with over 5 years of work experience as branch manager, recovery manager, collection manager or portfolio manager; preference will be given to candidates with experience in collection or recovery manager with a bank.
- Minimum 5 years of retail/commercial banking experience including strong special assets/workout experience.