Recoveries officer job at I&M Bank
1027 Days Ago
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Vacancy title:
Recoveries officer

[ Type: FULL TIME , Industry: Banking , Category: Accounting & Finance ]

Jobs at:

I&M Bank

Deadline of this Job:
28 June 2022  

Duty Station:
Within Uganda , Kampala , East Africa

Summary
Date Posted: Wednesday, June 22, 2022 , Base Salary: Not Disclosed

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JOB DETAILS:
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 qualifications:
• 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


Work Hours: 8


Experience in Months: 24

Level of Education:
Associate Degree

Job application procedure
Click here to Apply

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QUICK ALERT SUBSCRIPTION

Job Info
Job Category: Accounting/ Finance jobs in Uganda
Job Type: Full-time
Deadline of this Job: 28 June 2022
Duty Station: Kampala
Posted: 22-06-2022
No of Jobs: 1
Start Publishing: 22-06-2022
Stop Publishing (Put date of 2030): 23-06-2065
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