Asset Recovery Manager

12 hours ago


Manama, Manama, Bahrain RESO Full time

Job Purpose

The role of Asset Recovery Manager involves overseeing the end-to-end collection and recovery efforts for Retail banking. This includes independently managing collection and recovery efforts, following up with customers to collect past dues amounts, and ensuring that collection efforts are carried out within the legal and regulatory framework.

Key Responsibilities

  • Independently manage the process of contacting defaulting customers to provide financial advice relating to restructuring and repayment options.
  • Meet with defaulting customers and present settlement deals that are in line with the Bank's policy and procedures.
  • Liaise with internal departments to ensure accurate processing of approved transactions in the core banking system.
  • Initiate and pursue legal action against customers where all internal means of collections have been exhausted.
  • Manage the process of legal action with external Legal counsel to ensure smooth processing of the Legal recovery process.
  • Provide information to the Head of department on any developments that may affect delinquency and/or require changes in the bank's credit policy.


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