A new vacancy has been announced by Emirates NBD Egypt, which is hiring a Recovery Manager to follow up on non-performing loans and recover debts, coordinate with the various departments within the bank, follow legal proceedings, and ensure the bank's rights are protected in line with Central Bank of Egypt (CBE) instructions.

Duties and Responsibilities:

  • Coordinate with the bank's various departments and stakeholders to obtain information on non-performing loan cases, and ensure all the data needed to support debt recovery plans is available.

  • Work to obtain additional collateral from customers with non-performing loans during the debt recovery stage.

  • Ensure all collateral for non-performing loan cases is held securely by the Central Collateral Management department (CCM).

  • Prepare final settlements and release collateral to customers once bank-approved plans have been carried out, while meeting CBE reporting requirements and closing the accounts in the database.

  • Review all data and reports required by management, the CBE and external auditors.

  • Ensure the correct accounting of customer provisions and transactions, reflecting a consistent financial position and protecting the bank's rights should any legal dispute arise in future.

  • Coordinate continuously with the legal department for advice and updates on non-performing loan cases and accounts written off without releasing the customer from the debt.

  • Provide the necessary support to the legal department when legal proceedings begin.

  • Represent the bank before court experts in all debt claim cases, by preparing and discussing the required data, proving the debt and protecting the bank's rights.

  • Ensure CBE rules on writing off debts without releasing the customer from their obligations are implemented and applied.

  • Work to achieve further recoveries from cases written off without releasing the customer from the debt.

  • Ensure the documents needed to study accounts newly classified as non-performing are complete, and build a comprehensive database on them to protect the bank's rights should any dispute arise in future.

  • Study account activity to identify the main reasons behind the deterioration in their credit standing.

  • Obtain a legal assessment of available collateral and verify its soundness and legal validity.

Required Qualifications:

  • A university degree in commerce, economics or a related field.

  • Completion of a Credit Course.

  • At least 8 years of experience in the same field or in banking, with a focus on Corporate Credit.

Apply directly here.