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 & Recoveries by actively working and managing the Bank’s Non-Performing, Non-Accrual loans, Delinquent 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 Bank’s 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 recovery action properly 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/ pursuing 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 though external solicitors.
  • Monitors and liaises with internal and external parties – legal counsel, solicitors, valuators, bailiffs, auctioneers etc. – as deemed necessary to streamline and coordinate the recovery process.
  • Liaises with Central Bank and Risk Managers of other Banks with regard to benchmarking procedures for effective maintenance of the Group’s Risk Management.

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 3 years in Consumer Lending and 5 years progressively responsible banking experience, with at 2 least being at the supervisory level
  • Please note relevant work experience may compensate for academic qualifications

Compensation: An attractive package inclusive of Gratuity and Medical Insurance.

Applications with résumé and three character references must 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

Suitable applications received by August 28, 2017 will be acknowledged.