RM – Loan Recoveries at CVPeople Tanzania

Job Overview

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



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