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.
The Corporation is seeking a diligent and strategic administrative officer to join our team. The successful candidate will be responsible for assisting in achieving recovery objectives, reducing non-performing assets, and ensuring compliance with regulatory requirements.
Job Title: Administrative Officer
Department: Recovery Department
Job Type: Contract (Full-Time)
Term of Contract: 12 months (Based on performance employee will be given a permanent contract)
Vacancies: 01
Job Description
- Execute and manage collection strategies to recover overdue loan payments from borrowers.
- Oversee and assess loan repayment performance, ensuring timely repayments and preventing accounts from falling into non-performing loans (NPLs).
- Maintain comprehensive records of all interactions with defaulters.
- Enhance recovery rates from written-off and delinquent accounts through innovative and effective tactics tailored to varying situations.
- Work closely with the legal team to issue notices and provide essential information for litigation cases.
- Provide required information for CRIB and other relevant reports as needed.
- Recommend and implement enhancements to current workflows and processes to boost operational efficiency and collaborate with other departments to achieve this.
- Ensure adherence to corporate policies, procedures, and regulatory requirements, maintaining high standards of integrity and ethics in all recovery activities.
- Assist in developing and executing recovery strategies that align with company policies.
- Assist in achieving recovery objectives of the department.
Job Requirements
- GCE A ‘Level / Diploma in Accounts, Business Administration, Finance or Management.
- Work experience in the areas of Finance, accounting, or credit analysis would be an added advantage.
- 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 submit application
- Application Form
- CV
- Copy of ID card
- Accredited and attested educational certificates
- Reference letters from current and previous employers
- Police report
- Any other supporting documents
Deadline for Application submission: On or before 14th November 2024, 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.m
