Vacancy title:
Recoveries Officer
Jobs at:
I&M BankDeadline of this Job:
Sunday, June 04 2023
Summary
Date Posted: Tuesday, May 30 2023, Base Salary: Not Disclosed
JOB DETAILS:
Location: Kampala
Reports To: Team Leader, Collections & Recoveries
Supervises: None
Job Summary
• To manage the bank’s delinquent accounts by recommending and/or implementing remedial action for purposes of minimizing credit loss through rehabilitating or recovering from such accounts.
Key Responsibilities
• Review the assigned delinquent accounts/portfolio to ascertain the causes of the default and recommend remedial action.
• Ensure that facility documentation and securities of the managed portfolio are up to date.
• Initiate and ensure viable remediation effort is undertaken to rehabilitate and/or recover from assigned client portfolio.
• Participate in credit governance meetings to identify and/or recommend accounts that require closer monitoring under Recoveries & Collections.
• Recommend accounts to be transferred to external service providers to support/ further management.
• Update assigned clients’ files with the relevant recovery efforts.
• Submit regular reports on updates on accounts in portfolio to Supervisor.
• Prepare updates for monthly Recoveries meetings and ensure that such reports are submitted in a timely manner.
Minimum Education Qualitifcations:
• First degree in any discipline with a minimum of a second class upper.
• Professional qualification and post-graduate qualification (or in progress) in a business-related Field is a Must.
Work Experience:
• A minimum of 2-3 years cognate experience
Required Competencies (Knowledge, Skills & Abilities):
• Analytical and Investigative skills
• Excellent communication Skills.
• Sound understanding of banking industry
• Knowledge and understanding of FIA
• Good understanding of the business and macro - economics landscape
• High integrity
Note: Deadline for this job posting is 04th June 2023 at 5:00pm and Only shortlisted candidates will be contacted
Work Hours: 8
Experience in Months: 24
Level of Education: Bachelor Degree
Job application procedure
Interested and Qualified? Click here to Apply Now
All Jobs
Join a Focused Community on job search to uncover both advertised and non-advertised jobs that you may not be aware of. A jobs WhatsApp Group Community can ensure that you know the opportunities happening around you and a jobs Facebook Group Community provides an opportunity to discuss with employers who need to fill urgent position. Click the links to join. You can view previously sent Email Alerts here incase you missed them and Subscribe so that you never miss out.