Summary
Date Posted: Friday, March 31 2023, Base Salary: Not Disclosed

JOB DETAILS:
Finance Trust Bank was licensed as a Tier 1 Commercial Bank on 11th November, 2013, taking over the financial services business of Uganda Finance Trust Limited (MDI). Today Finance Trust Bank is a fully-fledged commercial bank serving a clientele of over 500,000 depositors and over 37,000 borrowers, through a network of 35 branches country wide. The bank offers a variety of Products and services including; Savings, Current accounts, Loans, Money transfer services and Bills payments to its target market which comprises of micro, small and medium entrepreneurs, salary earners and youth.
In order to meet the needs of its growing customer base, the company is seeking to recruit dynamic, self-motivated, result oriented professionals to fill the following position;

1. Recovery Officer
This position reports directly to the Regional Recovery Supervisor and will be based at the Branch.

Role of the Job:
To ensure proper management of assigned credit facilities in default in such a way as to ensure that loss to the bank is minimized, controlled or avoided.

Key Result Areas:
• Periodical review of the recovery procedures and advise management on the new development in the recovery process
• Daily review of the region’s arrears position and advise the Supervisor on the progress of recovery of all loans above 30 days in arrears
• Monitor and Coordinate recovery activities for loans above 60 days at the different branches within the region.
• Ensure that the institution’s recovery agents give proper attention to the recovery of bad debts
• Ensure that proper procedures are followed in liquidation of customer collaterals and guide the branch and the recovery agents on the recovery process
• Initiate and monitor the transfer of non-performing loan portfolio to the regional recovery officers in liaison with the regional managers
• Train and guide staff on the best practices in the recovery of delinquent loans.
• Negotiate with Debtors and ensure that the Debtors repay the bad debts by at a lowest cost to the Bank.
• Prepare the authorization documents with appropriate documentation to Management Credit Committee for approval or decision on realization of the bad debts.
• Represent the institution in court sessions in liaison with the legal manager in the cases instituted against the Institution’s debtors or against the Institution by a customer
• Coordinate the allocation of bad loans to court bailiffs and ensure that proper approval is obtained at the time of allocation
• Receive and verify payment requests from court bailiffs prior to submission to the Supervisor for approval.
• Identify and advise management on all delinquent accounts that require legal proceedings on a regular basis.
• Monitor the provisions made on bad debts and ensure that the institution is compliant with the BoU regulations and advise management on loans requiring subjective provisioning
• Follow up and ensure that all recoveries from written off loans are properly booked and reconciled on a regular basis.
• Carry out periodical visits to delinquent customer’s securities and advise management on the condition of the security
Any other duties as may be assigned by your immediate supervisor from time to time

Minimum educational and technical competence requirements:
• Bachelor’s degree from a recognized University
• A minimum of 3 years’ experience in Credit operations
• Good verbal and written communication skills
• Advanced, computer literacy, numerical skills and statistical skills.
• Team player, ability to work under pressure and in position to exercise excellent judgment.
• Financial analysis skills
• Ability to work under pressure.
• Team work oriented
• Demonstrated a high level of integrity
• Customer oriented
• Ability to transfer knowledge and provide guidance to others.
• Ability to work long hours without supervision.
• Flexibility to work from any part of the country.

Position carries an attractive salary and benefits package.

Work Hours: 8

Experience in Months: 36

Level of Education: Bachelor Degree

Job application procedure
Suitably qualified candidates should address their application to Head, Human Resource, Finance Trust Bank, TWED PLAZA, Plot 22B, Lumumba Avenue, Kampala, Uganda, and email it to jobs@financetrust.co.ug As well as photocopies of academic testimonials, and a CV. The CV should include telephone contacts and email addresses of three referees, one of who should be the most recent employer.

Closing date for submission of the applications is 31st March, 2023. Only shortlisted candidates will be contacted directly on Tel. Numbers 0312 222600 or 0414 341275 ONLY.

Please note that in line with the Bank procedures, no job offers are made online


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