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