Collection and Recoveries Manager
Amana Bank
Tanzania
Full-Time
21st September 2018
Job Description
EXCITING CAREER OPPORTUNITY.
In pursuit of Amana Bank's mission of providing tailored financial solutions to our market; we are looking to fill a job opening with an enthusiastic, motivated and result oriented candidate who is eager to show case his/her capabilities.
We are currently seeking COLLECTIONS AND RECOVERY MANAGER
The successful candidate will be responsible for the following duties and tasks -
In pursuit of Amana Bank's mission of providing tailored financial solutions to our market; we are looking to fill a job opening with an enthusiastic, motivated and result oriented candidate who is eager to show case his/her capabilities.
We are currently seeking COLLECTIONS AND RECOVERY MANAGER
The successful candidate will be responsible for the following duties and tasks -
Responsibility:
1. Implementation of the credit monitoring and recovery procedural manual to contain credit risk within acceptable parameters.
2. Provision of adequate management information regarding the performance of outstanding loan facilities with a view of maintaining sound, balanced and quality loan portfolio.
3. Actioning all identified credit control events and defaults, in order to reduce the roll rate of non-performing loans into lock up portfolio by providing a prompt and orderly turnaround environment in which controls can be exercised to ensure that the bank is not faced with avoidable losses.
4. Manage Pre- NPLs (Non-Performing Loans) i .e loans that are past due between 1-90 day and NPLs(Non-Performing Loans ) that are past due for over 90 days.
5. Formulating and implementing proactive, efficient and cost-effective NPL recovery strategy and plans to ensure good quality loan portfolios.
6. Manage loan default and written off facilities by undertaking daily to monthly analysis and reporting issues/exceptions/severity to Head of Credit.
7. Examining restructuring and rescheduling requests and make recommendations to the appropriate committees to enable maximum NPL recovery;
8. Liaising with external parties such as lawyers, auctioneers, and debt collectors.
9. Evaluating the performance of the Bank's external parties assigned recovery cases.
10. Ensuring a healthy portfolio by minimizing the Delinquent Ratio and NPL Ratio to an acceptable level.
11. Work closely with Heads of departments, relationship managers and concerned committees to ensure effective communication on credit monitoring and recovery processes and procedures.
12. Conduct annual review of collaterals information and documents of highest risk accounts for timely regularization of identified anomalies
2. Provision of adequate management information regarding the performance of outstanding loan facilities with a view of maintaining sound, balanced and quality loan portfolio.
3. Actioning all identified credit control events and defaults, in order to reduce the roll rate of non-performing loans into lock up portfolio by providing a prompt and orderly turnaround environment in which controls can be exercised to ensure that the bank is not faced with avoidable losses.
4. Manage Pre- NPLs (Non-Performing Loans) i .e loans that are past due between 1-90 day and NPLs(Non-Performing Loans ) that are past due for over 90 days.
5. Formulating and implementing proactive, efficient and cost-effective NPL recovery strategy and plans to ensure good quality loan portfolios.
6. Manage loan default and written off facilities by undertaking daily to monthly analysis and reporting issues/exceptions/severity to Head of Credit.
7. Examining restructuring and rescheduling requests and make recommendations to the appropriate committees to enable maximum NPL recovery;
8. Liaising with external parties such as lawyers, auctioneers, and debt collectors.
9. Evaluating the performance of the Bank's external parties assigned recovery cases.
10. Ensuring a healthy portfolio by minimizing the Delinquent Ratio and NPL Ratio to an acceptable level.
11. Work closely with Heads of departments, relationship managers and concerned committees to ensure effective communication on credit monitoring and recovery processes and procedures.
12. Conduct annual review of collaterals information and documents of highest risk accounts for timely regularization of identified anomalies
QUALIFICATION AND KEY COMPETENCY REQUIREMENTS.
1. Bachelor's Degree in any fields from a recognized institution.
2. Must understand and agree with the Bank Mission, Vision and core values.
3. Demonstrate a high level of ethical commitment and trustworthiness.
4. Strong knowledge of Credit risk system and processes.
5. Ability to develop Collection and recovery strategies.
6. Computer literacy- Excel, MS Word, and PowerPoint.
7. Knowledge of Legal frameworks.
8. Ability to work under pressure.
9. Great Interpersonal Skills
2. Must understand and agree with the Bank Mission, Vision and core values.
3. Demonstrate a high level of ethical commitment and trustworthiness.
4. Strong knowledge of Credit risk system and processes.
5. Ability to develop Collection and recovery strategies.
6. Computer literacy- Excel, MS Word, and PowerPoint.
7. Knowledge of Legal frameworks.
8. Ability to work under pressure.
9. Great Interpersonal Skills
EXPERIENCE REQUIRED.
• A minimum of 3 years' working experience in a credit management function, specifically in the area of loan collections and recovery in a Bank or MFI.
REPORTS TO Head of Credit.
REPORTS TO Head of Credit.
