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Recovery Intern

FINCA Microfinance Bank Limited logo FINCA Microfinance Bank Limited
Tanzania More jobs in Tanzania • Accountancy, Banking and Finance in Tanzania • Charity and Voluntary Work in Tanzania • Information Technology in Tanzania • Law in Tanzania • Security in Tanzania • Teacher Training and Education in Tanzania
Accountancy, Banking and Finance, Charity and Voluntary Work, Information Technology, Law, Security, Teacher Training and Education
Internship
31st March 2019
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Job Description

Job Description

The Recovery Intern is responsible for making sure that all bad loans and written off loans are been followed and the necessary recovery action is been taken. The basic functions are as follows

ESSENTIAL DUTIES

  • Monitor and analyze overdue Debtor accounts.
  • Accept, monitor and report on arrangements made with ratepayers/debtors for outstanding debts.
  • Determine the appropriate recovery action and refer matters to debt collection agency where necessary.
  • Liaise with debt collection agency regarding debts until finalized.
  • Reconcile outstanding debts and raise associated costs in regards to debt recovery action.
  • Recommend changes and continual improvement to debt recovery procedures to ensure a fair and equitable approach.
  • Prepare and issue correspondence in relation to debt recovery proceedings.
  • ajiraProvide daily payment reports to debt collection agency.
  • Provide advice to ratepayers to help negotiate a reduction in any amounts owing.
  • Liaise with primary courts for a necessary legal proceeding to the debtor
  • Telephone contact with ratepayers/debtors who are above 60days where appropriate.
  • Investigation and allocation of unidentified and lost payments.
  • Review delinquency report especially for loans above 60days if the delinquency escalation process is been done in a manner to allow debt collection actions to take place
  • Monitor and collect written off loans
  • Provide daily, weekly and monthly recovery report to the Regional Recovery Officer

EDUCATION AND / EXPERIENCE

  • Have a diploma or Degree in any discipline of study
  • Understanding of legal processes in relation to debt recovery
  • Understanding of credit policy and procedure
Application

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