Analyze your CV for Head of Recovery at Akiba Commercial Bank Plc

This is your opportunity to work with a leading financial services provider to the microfinance and SME sectors in Tanzania. Akiba Commercial Bank Plc guarantees you to achieve personal and career aspirations in a dynamic and enabling environment.Head of RecoveryThe position is instrumental to the formulation and implementation of strategy in the areas of systems and processes to enhance efficient operation of the recovery unit. In this regard, the incumbent will be responsible for proactive monitoring/ so supervision non-performing assets, setting and implementing recovery strategies as well as strengthening the arrears management culture within the Bank.The RoleLead achievement of recovery targets to contribute to organizations financial performance.Monitoring and supervising the daily collection of delinquent accountsSupervise the work of debt collectors and auctioneers to optimize performance and maximize results.Inform senior management of general collection trends and specific collection issuesEnsure enhancement of recovery rates to ensure the continued profitability of the businessEnsure that all risks are identified, assessed and/or reported and appropriate actions are recommended for protecting the organization's interestsEnsure compliance with established policies, procedures and internal controls to protect the organization's interestsTake over assets deemed non-performing or impaired or at risk of becoming non-performing or impaired from portfolio officer in a structured and documented fashionAnalyse non-performing and impaired or potentially non-performing and impaired transactions. This includes financial and legal due diligence analysisDetermine, document and present the best course of action in terms of recovery strategy(e.g sale, restructuring, or any combination thereof) and seek respective approval authority within the Bank.Prepare recovery plans to include the recommendation on when to realize losses, release any rights/security interests, and make material changes in transactions.Recommend inputs to new policies, systems and processes considering current and future client needs.To ensure efficient follow up of severe cases of arrears of loans repayment to reach a realistic and affordable repayment plan which is informed where possible by an accurate financial statementTo advise a management of issues affecting the debt recovery processSupervision of staff to ensure that business targets of the department are achievedThe CandidateUniversity graduate preferably in banking/Business Management7 years of banking experience 5 years of which in a managerial positionFamiliarity with portfolio management concepts and the analytical tools needed to perform the associated analysesExperience in managing MSME restructurings, including but not limited to remedial management activities such as debt-reprofiling, recapitalization, pre-and post-default operational restructuring, distressed asset managementProven ability to evaluate distressed facilities.Familiarity with industry best practice in recovery.Excellent knowledge and demonstrated track record in all areas of credit risk management of individual transactionsProven ability to capture the essence in terms of risks of transactions under reviewFamiliarity with risk rating methodologies, risk management frameworks, and relevant risk-related policies.Application InstructionsIf you meet the above requirement and ready for great challenges, mail:Covering letter and Your Curriculum VitaeTo recruitment@acbtz.com by May 8 2018