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