Department management and staff training with three units as follows:
Business Finance Unit:
- Supervise and monitor the company&039;s financial situation in terms of disbursement and collection, credit growth rate according to the limit granted by State Bank of Vietnam (SBV);
- Control Company’s Profit & Loss (P&L) and Financial Indicators
- Supervise and control budget usage of company departments:
Prepare budgets for each department and control budgets throughout the year;
Control and manage the incentive policy of all departments in the Company through reviewing monthly incentive calculations and periodically reviewing incentive policies for each department;
Coordinate with the IT department and related departments to build and develop the Groupware system related to Budget Management
Evaluate the effectiveness of current incentive policies, marketing & promotion proposal and propose changes to control and optimize cost;
- Build Single Account Profitability Model (SAP Model) for Unsecured lending and Credit Card Projection to help Directors make decision whether to enhance/improve each products
- Carry out analytical reports to improve the company&039;s profit & loss;
- Coordinate with the IT department and related departments to modify the data system (if any from Directors & MAC).
- Make periodical Business Planning Make a business planning includes building a 3- year/ 5- year strategic plan, budgeting and annual planning. Update and forecast P&L weekly/monthly/ad- hoc as requested by Directors;
- Coordinate with the Finance and Accounting department for closing, check data on debt classification, provisioning and write off plan to achieve target %NPL;
- Manage Information System (MIS)
- Control the company&039;s financial indicator targets periodically;
- Coordinate with Treasury department to control capital expenditures, control cash flow to ensure liquidity and capital adequacy indicators;
- Manage information system to do the profit forecasting models, analytical reports, IFRS9, debt selling reports and other quick reports;
- Make periodic reports to Directors and MAC on financial targets and company profits.
Strategy Unit
Implement the company&039;s strategies in each specific period as follows:
- Strategies related to selling debt:
Monitor debt collection by debt buying companies for MAFC customers after the loan is sold, control their debt collection in compliance with legal regulations, and avoid affecting MAFC&039;s reputation;
Plan debt sales, build the valuation model and propose the pricing of sold debts to support the Directors&039; decisions;
Monitor customer payment activities after debt is sold.
Implement debt sale procedures;
- Carry out conversion reports from VAS to IFRS from time to time;
- Strategies related to customer rescheduling;
- Market research and propose new business strategies.
State Bank Reporting Department (SBV) Unit
- In charge of reporting according to the reporting regime issued by SBV and other competent agencies such as daily/monthly balance reports, liquidity index reports, quarterly/annual financial reports, debt quality reports…
- Reports required by Investors, Directors, MAC;
