Asset Management Officer

The successful candidate will report directly to the Manager, Asset Acquisitions, Management and Recoveries (MAAMR) and provide strong support to the MAAMR as it relates to the acquisition, management and resolution of assets by the Corporation.

 VACANCY NOTICE

ASSET MANAGEMENT OFFICER

Suitably qualified persons are invited to apply to fill the post of Asset Management Officer at the Eastern Caribbean Asset Management Corporation (ECAMC), headquartered in Antigua and Barbuda.

The ECAMC was established by the member Governments of the Eastern Caribbean Currency Union (ECCU) in response to the increase in non-performing loans (NPLs) in the commercial banking sector.  The statutory purposes of the ECAMC are to:

(1)   Carry on the business of asset management, including acquiring the whole or part of, dealing with, managing, and disposing of assets or liabilities of approved financial institutions in an expeditious manner; and

(2)   Act as the receiver for a financial institution whenever appointed by the Central Bank under the Eastern Caribbean Central Bank (ECCB) Agreement and the Banking Act.

The successful candidate will be based in Antigua and Barbuda.

APPLICANTS MUST HAVE:

• Degree in banking, finance, accounting or any other relevant field;
• Minimum 5 years working experience in the banking sector, ideally with experience and expertise in managing nonperforming loans, preferably commercial loans;
• Experience in using Core Director software;
• Hands-on experience with lending procedures;
• Ability to create and process financial spreadsheets; and
• Strong analytical skills.

APPLICANTS SHOULD ALSO HAVE:

• Experience with fundamentals of asset management and disposition, debt restructuring and loan workouts;
• Excellent judgment and creative problem-solving skills;
• Ability to work well under pressure and handle multiple tasks successfully.
• Ability to work as a part of a team;
• Exceptional written, oral and presentation skills;
• Proficiency in using Microsoft Office Suite (Excel, Word, PowerPoint);
• Good Communication and Listening skills; and
• Strong negotiation skills

DUTIES

The successful candidate will report directly to the Manager, Asset Acquisitions, Management and Recoveries (MAAMR) and provide strong support to the MAAMR as it relates to the acquisition, management and resolution of assets by the Corporation. The key responsibilities of the Asset Management Officer will include:

• Preparing proposals to effectively support the ECAMC’s asset pricing, using information and data received from the approved financial institutions (AFIs), as well as based on the collateral diligence visits conducted and market research.
• Conducting loan file reviews for debtors to assist in identifying all deficiencies in the loan documentation and collateral documents provided by the AFIs;
• Effectively assessing the commercial viability of debtor business plans and formulating strategies for successful collection of loans;
• Monitoring debtors and loan portfolios for any changes and updating management on key issues that may impact overall asset quality;
• Drafting debtor proposals for restructuring and work-out arrangements and ensure established credit and risk parameters are adhered to by debtors and perform all actions needed to implement approved restructurings and/or workout arrangements;
• Continuously monitoring asset condition and developing proactive renewal and maintenance schedules for all assets, and provide recommendations for protecting and enhancing the value of assets acquired; and
• Compiling and maintaining accurate and up-to-date databases on NPLs/debtors and collateral properties, and consistently following-up with the AFIs for outstanding and/or additional data in a timely manner; and
• Preparing various monthly status reports as required.

COMPENSATION

Compensation will be commensurate with qualifications and experience. Applicants are also invited to indicate their minimum and average compensation package expectations.  All compensation will be in Eastern Caribbean Dollars.

A letter of application, together with a curriculum vitae and at least two written references, should be addressed to:

The Chief Executive Officer

Eastern Caribbean Asset Management Corporation

Suite #23, Woods Centre

P O Box W660, Friars Hill Road

St. John's

ANTIGUA

Documents should be delivered by email or mailed to the above address. All documents should be received by May 14, 2023 Preference will be given to nationals and residents of the ECCU member territories.