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POST OF RECOVERIES AND SECURITIES OFFICER


Applications are invited from suitably qualified persons for appointment to the

post of Recoveries and Securities Officer at Financial Investment and Consultancy Services

Limited. Particulars of the post are available from the Office of the Managing

Director at FICS Corporate Headquarters, #15 Bridge Street, Castries and at the

Rodney Bay Branch, Providence Commercial Centre, Rodney Bay, Gros Islet.


Duties

The Recoveries and Securities Officer, who will be responsible to the Senior Attorney-at-Law/Managing Director, will be required to perform the following duties:


  1. Following up daily on delinquent loans and securities.

  2. Conducting client visits to discuss options for delinquent loan recovery.

  3. Managing portfolio quality – arrears, non-performing and written off loans.

  4. Conducting loan reviews and refinancing/rescheduling of loans under the approval and guidance of the Managing Director.

  5. Undertaking recourse actions for all delinquent loans – email customers, legal proceedings.

  6. Providing updated reports on a weekly basis on all vehicle loans and insurance statuses.

  7. Maintaining securities records of loans.

  8. Calling delinquent and non-performing clients.

  9. Calculating arrears penalty.

  10. Completing arrears, non-performing loans and written off loan reports for submission to the Board bi-monthly.

  11. Providing excellent customer service to all clients – new and existing.

  12. Communicating with lawyers regularly to ensure expeditious action is taken on delinquent and non-performing loans.

  13. Ensuring that payments through the Registry and auction are taken on delinquent loans.

  14. Arranging advertisements of properties of default clients for purposes of sale by mutual agreement with defaulters.

  15. Informing management of loans to be restructured and rescheduled.

  16. Referring to bailiff’s properties to be repossessed and vehicles to bonds for storage and safekeeping.

  17. Advertising properties and vehicles that are seized and available for sale.

  18. Performing any other related duties as may be assigned by the Senior Attorney-at-Law/ Managing Director.


Qualifications and Experience

  • Bachelor of Science Degree in Banking and Finance or Diploma in Banking and Finance.

  • Minimum of three (3) years’ experience as a Recoveries and Securities Officer or Loans Officer.

  • Working knowledge of debt recovery and collection strategies will be an asset.

  • Experience and familiarity with various software particularly with Core Director and Microsoft Office Software – Access, Excel, Word, PowerPoint.


Applications with resume and three-character references should be submitted no

later than August 19, 2024 and should be addressed to:


The Managing Director

Financial Investment and Consultancy Services Limited

#15 Bridge Street, Castries, St Lucia

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