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Recovery & Remedial Officer at United Bank for Africa (UBA)

Job Overview

Recovery & Remedial Officer at United Bank for Africa (UBA) 

Recovery & Remedial Officer at United Bank for Africa (UBA) 

Recovery & Remedial Officer at United Bank for Africa (UBA) 

United Bank for Africa (UBA)

Dar es Salaam

Position: RECOVERY & REMEDIAL OFFICER

Location : Head Office

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.
  • 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 skill
  • 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.

ALSO READ: UNITED BANK Of Africa Job Opportunities, January 2024

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