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: [email protected]
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.
DUTIES & RESPONSIBILITIES (CONTINUED):
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.
Daily 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: [email protected]
The deadline for submitting the application is 21 January 2024.
