Assistant Manager - Recoveries (St. John's, Antigua) - Antigua Commercial Bank

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Assistant Manager - Recoveries (St. John's, Antigua) - Antigua Commercial Bank

Antigua Commercial Bank is seeking to recruit a qualified and experienced individual for the position of Assistant Manager - Recoveries to provide strong support to the Manager - Retail Lending and Recovieries by actively working and managing the Bank's Non'Performing, Non-Accrual loans and advances portfolio, and ensure that effective measures are put in place which will result in the bank's level of unsatisfactory accounts (delinquent accounts plus non-performing accounts) to total loans and advances being reduced to and maintained within 5% of the total of the Banks' loans and advances portfolio in accordance with the ECCB guidelines and statutory requirements.

The duties to be performed include, but are not limited to, the following:
  • Contributes positively to ensure that overall targets are met, with any negative variances not exceeding 10%
  • Ensures that all required documentation and security relative to unsatisfactory accounts are invariably in place and any legal action properlyt executed in order that ACB does not suffer any financial loss or negative exposure due to a lack of care in this area
  • Manages overall collection strategy effectively, ensuring that routine and credit operations inclusive of telephone calls, visits, collecting payments, refinancing loans, taking new collateral/legal action, compiling and providing statistical reports etc are carried out in a timely and efficient manner
  • Provides weekly/monthly/quarterly reports for Management/Board which track the recoveries efforts/progress in reducing the level of Non-Performing Accounts
  • Prepares history of each account with requests for Notices to Pay for accounts approved for foreclosure and or collection through external solicitor
  • Monitors and liaises with internal and external parties - legal counsel solicitors, valuators, bailiffs, auctioneers, etc. - as demed necessary to streamline and coordinate the recovery process


To perform the job successfully, the individual must have:
  • At least a Bachelor's degree or Post-graduate diploma in Business/Finance/Management or relevant field
  • Possess a minimum of three (3) years in Consumer Lending and five (5) years progressively responsible banking experience, with at least being at the supervisory levl
  • Please note relevant work experience may compensate for academic qualifications
Compensation: An attractive package inclusive of Pension Plan and Medical Insurance

Applications with resume' and three (3) character references may be submitted to:
"Assistant Manager - Recoveries Vacancy"
Human Resource Department
Antigua Commercial Bank
Thames and St. Mary's Streets
P.O. Box 95, St. John's,
Antigua
or
Email:  hr_applications@acbonline.com

Suitable applications received by May 21, 2018 will be acknowledged.
Please visit our website www.acbonline.com for additional details.



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