Recoveries, Business Rescue and Insolvencies (RBI) Specialist at IDC

Qualification and Experience

Qualifications:

• The incumbent must have commercial qualifications e.g., BCom with post graduate degree: MBA / MBL/CFA

Knowledge and Experience:

• At least 5-7 years’ experience in a Restructuring environment - businesses experiencing distress.
• Exposure to business rescue matters.
• Exposure to legal agreements or litigation for purpose of recoveries.
• Exposure to various collaterals.
• Exposure to credit committees in financial institutions, Preferably DFI’s.

Roles and Responsibilities

• Review and consider settlement/restructuring proposals from clients and formulate the most efficient and suitable restructuring and repayment arrangements for the client in distress.
• Support the other team members in negotiating settlement/restructuring proposals with clients.
• Prepare reports to relevant committees on the reasonability and feasibility of settlement or restructuring proposals of IDC client’s facilities which are in arrears.
• Carry out Business reviews and conduct site visits.
• Ensure that IDC’s collateral is maintained or improved for purposes of maximizing IDC’s recovery,
• Play a credit risk support role to other team members in providing financial advice or analysis of client’s financial statement or management accounts in submission reports to committees.
• Review legal agreements from a financial and credit risk perspective.
• Manage and monitor clients in distress.