Recovery & Remedial Officer

Position RECOVERY & REMEDIAL OFFICER

Location : Head Office

Qualified candidates MUST send their CV & Cover Letter attached with all academic certificates.

All applications MUST be sent electronically through: Email: recruitment.tanzania@ubagroup.com

Email subject: RECOVERY & REMEDIAL OFFICER, JANUARY 2024

Deadline: 21st January 2024

JOB OBJECTIVE(S)

• Supervise Recovery & Remedial Activities in the Bank
• Review of Memorandum and Non- performing loan data base
• Ensure restructuring of non-performing loan into performing status Early resolution of problem loans and fraud related accounts

DUTIES & RESPONSIBILITIES:

• Achieve recovery target in line with advised budget.
• Supervise and implement appropriate restructuring strategies for the bank.
• Work with business team to ensure early intervention on potentially “bad” credits by packaging suitable work out proposals.
• Meetings with customers to assist customer towards resolution of problem loans
• Ensure that restructure proposals improve the credit by ensuring concrete repayment source and improved monitoring.
• Review and analyze restructure requests from Business Offices and departments and preparation of restructure proposals.
• Interface with Legal department on collateral strengthening
• Preparation of restructure proposals as well CACOMs to communicate approval.
• Performing prompt identification of unauthorized balances and quick contact to the branch roles in respect of newly created PDOs by reviewing the Branch’s portfolio weekly and relationship officers.
• Regularly monitors performance of Collection and Recovery Agents to ensure accounts assigned to them are fully recovered.
• Coordinate the Monthly Criticized Accounts (CAC) meetings for the Subsidiary.
• Preparation of monthly activity reports to Recovery & Remedial Management, CCO and Country MD/CEO.
• nafasi za kaziDaily call memo and progress reports on negotiations with customers in respect of the repayment of their loans.
• Referral of accounts for recovery intervention. Recovery intervention includes negotiations/meetingswith customers who want loan workout options such as refinancing, rescheduling, and restructuring.

KEY PERFORMANCE INDICATORS

• Net Recoveries Vs Budget
• Efficiency of loan recovery effort (cost of recovery as a % of remedial loan balance recovered)
• Proficiency on coordinating the restructuring and workout of problem loans Effectiveness in managing the activities of Remedial Mgt.
• Collections made on restructured accounts
• Effectiveness at executing scheduled and adhoc assignments

JOB REQUIREMENTS:

Education:        Bachelor (Business related degree/Accounting/Law/ Science etc.)

Experience:      3 years banking experience with over 2 years in Risk Management with one year in Remedial Management functions

KEY COMPETENCY REQUIREMENTS

Knowledge     Skills/Competencies

• General branch operations   
• Risk Mgt./Credit Analysis
• Debt Recovery & Remedial Mgt 
• Loan documentation
• Collateral Documentation  & perfection process 
• Good customer relation
• Knowledge of loan recovery function Good communication & effective reporting skills
• Basic banking operations knowledge Good negotiating skills
• Good understanding of business/working capital cycles.
• Numerate/qualitativeAptitude Creativity/Responsiveness

How to Apply:

Qualified candidates MUST send their CV & Cover Letter attached with all academic certificates. All applications MUST be sent electronically through:
Email: recruitment.tanzania@ubagroup.com

The deadline for submitting the application is 21 January 2024.