Job Title: Senior Executive – Recovery (Farmer Finance)
Company: iFarmer Limited
Department: Finance & Accounts
Position: Senior Executive – Recovery (Farmer Finance)
Location: Chuadanga, Jamalpur, Bogura, Naogaon, Rajshahi, Dinajpur, Rangpur
Employment type: Permanent (Full-time)
Key Job Responsibilities
1. Pre-Financing Verification & Risk Assessment
- Conduct independent field verification of farmers to assess identity, farming activities, financial condition, and repayment capacity.
- Review credit history, repayment behavior, financing requirements, and potential risk factors before financing approval.
- Verify submitted information and identify high-risk or potentially fraudulent applicants.
2. Portfolio Monitoring & Risk Identification
- Monitor assigned farmer portfolios throughout the financing cycle to identify potential repayment risks.
- Conduct regular field visits to verify farming activities, financing utilization, and repayment readiness.
- Identify early warning signs, including crop losses, financial difficulties, and irregular repayment behavior.
3. Recovery & Overdue Management
- Ensure timely follow-ups with farmers before and after financing maturity to facilitate on-time recovery.
- Manage overdue accounts through structured follow-ups, field visits, and effective recovery strategies.
- Identify reasons for repayment delays, negotiate realistic repayment commitments, and minimize potential bad debts.
- Develop recovery action plans for critical and long-overdue cases.
4. Fraud Detection & Risk Control
- Identify and investigate suspicious activities, including fake farmers, fund diversion, unauthorized collection, and misuse of financing.
- Verify recovery records and investigate discrepancies involving field-level collection and deposit activities.
- Escalate suspected fraud, operational irregularities, and potential financial losses to the Recovery Manager.
5. Reporting & Documentation
- Maintain updated records of farmer verification, repayment commitments, overdue accounts, and recovery progress.
- Monitor recovery performance, overdue aging, and zone-wise portfolio status through approved tracking systems.
- Prepare periodic reports highlighting recovery performance, high-risk accounts, and critical issues.
6. Cross-Functional Coordination
- Coordinate with Farmer Finance Operations, Finance Control, and field teams to strengthen portfolio monitoring and recovery.
- Share field verification findings, repayment updates, and critical case information with relevant stakeholders.
- Escalate critical overdue and potential bad-debt cases through the Recovery Manager for timely intervention.
Educational Requirements
- Bachelor's degree in Business Administration, Finance, Accounting, Management, Agriculture, Economics, or any other relevant discipline.
- Candidates with relevant professional certifications or additional training in credit management, microfinance, or financial risk management will receive preference.
Experience Requirements
- 3–5 years of relevant experience in credit recovery, loan collection, microfinance institutions (MFI), banking, NBFIs, agricultural financing, or field operations.
- Experience in farmer-level financing verification, credit assessment, portfolio monitoring, and overdue recovery will be an added advantage.
- Candidates with experience managing geographically distributed field operations and recovery portfolios will be preferred.
Required Skills & Competencies
- Strong negotiation, communication, and interpersonal skills to manage farmer relationships and handle overdue recovery cases effectively.
- Good understanding of credit assessment, loan recovery processes, delinquency management, and financial risk identification.
- Strong analytical skills with the ability to assess repayment behavior, identify risk patterns, and investigate irregularities.
- Ability to conduct independent field investigations, validate information, and make evidence-based recommendations.
- Proficiency in MS Excel, Google Sheets, and digital reporting or portfolio management systems.
- Strong ownership, accountability, integrity, and problem-solving capabilities.
- Ability to work independently under pressure and manage multiple recovery cases across assigned territories.
Additional Requirements
- Willingness to travel frequently within the assigned geographical zone.
- Comfortable working extensively in the field and communicating directly with farmers and local stakeholders.
- Ability to manage challenging recovery situations while maintaining professionalism and ethical collection practices.
Pay & Perks:
- Competitive salary package
- TA/DA for Field Visits
- Annual salary review
- Festival bonus
- Comprehensive health insurance coverage
- Friendly, collaborative, and inclusive work environment
- Indoor & outdoor sports and recreational activities
- Opportunity to work with dynamic and cross-functional teams
- Culture that encourages learning, growth, and innovation
Apply Procedure:
If you think you are suitable for the position, you are requested to send your CV to career@ifarmer.asia by mentioning " Application for Senior Executive, Recovery (Farmer Financing) " in the subject line.
