5 Recovery Officer Job Vacancies – Finance Trust Bank (FTB)
Job Title: Recovery Officer (5 Job Vacancies)
Organization: Finance Trust Bank (FTB)
Duty Station: Kampala, Uganda
Reports to: Recovery Manager
About US:
Finance Trust Bank is licensed as a Tier 1 Commercial Bank after taking over the financial services business of Uganda Finance Trust Limited (MDI). Finance Trust Bank is a fully-fledged commercial bank serving a clientele of over 400,000 depositors and over 23,000 borrowers, through a network of 36 branches countrywide. 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.
Job Summary: The Recovery Officer will be charged with ensuring 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 Duties and Responsibilities:
- 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 Recovery manager on the progress of recovery of all loans above 30 days in arrears
- Monitor and Coordinate recovery activities for loans above 30 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 Recovery Manager 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
- 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.
Qualifications, Skills and Experience:
- The applicant for the Finance Trust Bank (FTB) Recovery Officer job opportunity should hold a Bachelor’s degree from a recognized University.
- Diploma in Legal practice from Law development Centre is an added advantage.
- At least three years’ experience in Credit management or debt collection gained from a financial institution or a busy debt recovery firm.
- High Level of Integrity.
- Ability to work well under pressure.
- Good negotiation skills.
- Willingness to frequently travel upcountry.
How to Apply:
All suitably qualified candidates should address their applications to Head, Human Resource, Finance Trust Bank, Plot 115 & 121, Katwe. P.O. Box 6972, Kampala, Uganda, and email it to jobs@financetrust.co.ug as well as photocopies of academic testimonials, a CV with at least three reference contacts, including the most recent employer, and telephone number.
Deadline: 28th January 2019
: List of Current Job Vacancies / Opportunities in Uganda