Job title: Debt Recovery Officer
Location: Dar es Salaam
Reporting to: Debt Recovery Manager
Client: Bank
Purpose of the position
To provide special attention and support to stressed relationships to ensure proper co-ordination and control of all non-performing loans to prevent losses, maximize recoveries and restore profits through rehabilitation, restructuring, work-out and direct recovery
Responsibilities & duties
Manage assigned non-performing loans to ensure credit and other risks are properly identified and assessed
Provide professional judgment to ensure proper impairment level/provisions is taken consistent with BOT/IFRS regulations/guidelines and bank’s internal policy
Assist to coordinate and manage all banks appointed external agencies (debt collectors, auctioneers, receiver managers, lawyers e.t.c) and other third party vendors
Provide professional business support to resolve challenges faced by stressed clients.
Initiate loan write-off and abandonment in accordance with BOT regulations and provide recommendation for Board approval.
Monitor movements for assigned GL suspense accounts and request clarifications from originator of transaction.
Maintenance of Bank assets register for assigned categories and ensuring balances agree with GL.
Daily review of assigned NPL portfolio for any follow up of promise to pay (PTP) from the customer.
Daily follow up of customer for collections and recovery,
Meeting and call customers, write call reports, share with Head of Debt Recovery and file the same to customer files.
Write demand notices and statutory notices to customers under NPL
Preparation of recovery reports for management meetings and review excess reports for any overdrawn accounts and Prepare/submit statutory and regulatory reports required by the bank
Academic qualifications
Essential Desirable
Bachelor Degree in Finance, Economics/Accounting, law Master’s degree
Professional Qualification in
CPA (T) and CPB
Work experience & skills
Essential
Two (2) years’ experience Debt collections & recoveries, Banking Operations, and Credit
Applications: Send your CV through; info@workforceconsult.com
Deadline: 25th February 2016
Location: Dar es Salaam
Reporting to: Debt Recovery Manager
Client: Bank
Purpose of the position
To provide special attention and support to stressed relationships to ensure proper co-ordination and control of all non-performing loans to prevent losses, maximize recoveries and restore profits through rehabilitation, restructuring, work-out and direct recovery
Responsibilities & duties
Manage assigned non-performing loans to ensure credit and other risks are properly identified and assessed
Provide professional judgment to ensure proper impairment level/provisions is taken consistent with BOT/IFRS regulations/guidelines and bank’s internal policy
Assist to coordinate and manage all banks appointed external agencies (debt collectors, auctioneers, receiver managers, lawyers e.t.c) and other third party vendors
Provide professional business support to resolve challenges faced by stressed clients.
Initiate loan write-off and abandonment in accordance with BOT regulations and provide recommendation for Board approval.
Monitor movements for assigned GL suspense accounts and request clarifications from originator of transaction.
Maintenance of Bank assets register for assigned categories and ensuring balances agree with GL.
Daily review of assigned NPL portfolio for any follow up of promise to pay (PTP) from the customer.
Daily follow up of customer for collections and recovery,
Meeting and call customers, write call reports, share with Head of Debt Recovery and file the same to customer files.
Write demand notices and statutory notices to customers under NPL
Preparation of recovery reports for management meetings and review excess reports for any overdrawn accounts and Prepare/submit statutory and regulatory reports required by the bank
Academic qualifications
Essential Desirable
Bachelor Degree in Finance, Economics/Accounting, law Master’s degree
Professional Qualification in
CPA (T) and CPB
Work experience & skills
Essential
Two (2) years’ experience Debt collections & recoveries, Banking Operations, and Credit
Applications: Send your CV through; info@workforceconsult.com
Deadline: 25th February 2016
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