RM - Loan Recoveries at CVPeople Tanzania

RM – Loan Recoveries

CVPeople Tanzania | Full time

Dar es salaam, Tanzania | Posted on 09/09/2022

Job Description

Reports to: Head of Loan Recoveries

Main activities

To implement and closely monitoring of the recovery strategies and to ensure maximum recovery of IPF & Asset Based Financing outstanding credit facilities.

Monitoring the recovery progress of bad debts through compliance with the local regulatory requirements and the bank’s internal procedures.

To attend court sessions as well as outright sale (Public auctions) emanating from, Asset Based Financed customers.

Liaise with legal department on regular basis and provide frequent analysis in respect of best recovery strategy/approach of ongoing litigation cases arose from IPF and Asset Based Credit facilities.

Negotiations with bad debtors through settlements of their outstanding credit facilities and subsequent preparation of executive write-ups to the approving authorities for deliberation and necessary approvals. .

To conduct thorough Security Reviews (perform quality assurance) of all credit related documentation prior to any recovery approach and to ensure mitigation of any security gaps.

Preparation of relevant reports to the management in all matters related to recovery on IPF & Asset Financing customers.

Provide technical support to the various credit committees on the management of the Bank’s Non-performing portfolio.

To handle and manage all clients’ queries/concerns/advise properly and timely with the purpose of creating and maintaining good relationship between the clients and bank.

Actively participate in the departmental related meetings on weekly and monthly basis such as Special Assets

Management Review Committee and Monday Special Recovery Committee forums

Corresponding and provision of required support to all internal stakeholders such as business teams etc.

Knowledge and Experience

Minimum of University degree preferably in Business Administration, accounting, Finance, Economics or its equivalent

Master degree in Business Administration, accounting, finance and economics or its equivalent is desirable.

Relevant professional qualification in banking and credit risk management.

At least 5 years work experience in financial services industry experience as Recovery Manager handling corporate & commercial banking clients on Asset Management and/or Collections field.

Credit analysis knowledge is highly desirable