Details

Salary and Benefits

MVR 11,000 - MVR 13,000

Job Description

Housing Development Finance Corporation (HDFC) PLC, established in January 2004, is the only specialized housing finance institution in the Maldives. HDFC is a privatized company with International Shareholders represented by the International Finance Corporation (IFC of World Bank Group), Asian Development Bank, and HDFC Bank Ltd. of India, jointly holding 51% of shares.

 

Job Title:  Administrative Officer

Department: Recovery

Job Type: Contract (Full-Time)

Term of Contract: 12 months (Based on performance employee will be given a permanent contract)

Vacancies: 01

 

Job Description

 

Recovery Management

• Execute and manage collection strategies to recover overdue loan payments from borrowers.
• Enhance recovery rates from written-off and delinquent accounts through innovative and effective tactics tailored to varying situations.
• Assist in developing and executing recovery strategies aligned with company policies.

 

Performance Monitoring

• Oversee and assess loan repayment performance to ensure timely repayments and prevent accounts from falling into NPLs.

 

Legal and Compliance

• Work closely with the legal team to issue notices and provide essential information for litigation cases.
• Ensure adherence to corporate policies, procedures, and regulatory requirements, maintaining high standards of integrity and ethics in all recovery activities.

 

Reporting and Documentation

• Maintain comprehensive records of all interactions with defaulters.
• Provide required information for CRIB and other relevant reports as needed.

Process Improvement

• Recommend and implement enhancements to current workflows and processes to boost operational efficiency.
• Collaborate with other departments to improve recovery operations.

Support Department Goals

• Assist in achieving the recovery objectives of the department.

Qualifications and Skills

Educational Requirement

• GCE A ‘Level / Diploma in Accounts, Business Administration, finance or any other elated field.

Experience

• Work experience in the areas of Finance, accounting, or credit analysis would be an added advantage.

Skills

• Good analytical and decision-making skills.
• Ability to communicate effectively in both English and Dhivehi, with strong verbal and written skills
• Ability to work under pressure.
• Competent with General Office Software.

Salary:  Salary ranging from MVR 11,000 to 13,000, commensurate with qualifications and experience.

Other Benefits:

• Staff Health Insurance Plan
• Staff Loan Scheme
• Annual Bonus

Working Hours: The selected candidate will be required to work from 08:00 to 16:00 hrs. from Sunday – Thursday.

Documents Required:

• Interested candidates are requested to fill the application form and submit the requested documents.

https://form.jotform.com/243588907905471

Note: Applications will be only accepted through the above form.

Deadline for Application submission: On or before 13th January 2025, 2:30 PM

Note: Only shortlisted candidates will be contacted for interview.

 

Human Resource Department

Housing Development Finance Corporation Plc., 3rd Floor,

Tel: +960 3334666; Fax: +960 3315138; email: hr@hdfc.com.mv

 

Requirements and Qualifications

Minimum Experience

Not Specified