Fresher Collections & Recoveries Officer Job Opportunities – ABSA Bank
Job Title: Collections & Recoveries Officer (Fresher Job Opportunities)
Organisation: Absa Group Limited (formerly Barclays Bank UK)
Duty Station: Kampala, Uganda
About US:
Absa Group Limited (formerly Barclays Bank UK) is a diversified standalone African financial services group, delivering an integrated set of products and services across personal and business banking, corporate and investment banking, wealth, investment management and insurance. Absa Group Limited is listed on the JSE and is one of Africa’s largest diversified financial services groups with a presence in 12 countries across the continent and around 41 000 employees.
Job Summary: Responsible for the management of all out of order accounts within the Retail portfolio, with the objective of putting in place strategies with the customer to bring their indebtedness back to order or recovering from defaulting debtors.
Key Duties and Responsibilities:
Risk Management and Control: 40%
- Monitor and control the out of order retail accounts and take appropriate action to normalise the position, within pre-determined policy rules and laid down strategies. The overall objective of the role is to ensure recovery action is taken at the earliest opportunity to avert loss through default
- Undertake the review of all monthly advances control reports, assessing the information therein and making recommendations regarding the strategy to be employed in ensuring that such out of order accounts are returned to order within the shortest possible time. This is likely to involve agreeing short term lending agreements.
- Contact customers whose accounts are out of order. This may take the form of written correspondence or normally this would be by direct telephone contact.
- Receive and authorize FOS authorization requests (agree short term borrowing requests)
- Own & maintain a diary system for:
- Quarterly account reviews
- Provision of financial information
- Perfection of security
- Fulfilment of conditions of offer
- EWL review
- Review and recommend classification, writing off , or outsourcing of a debt
- Send out notices and demand letters
- Adhere to service level agreements
- General filing
Business Management: 30%
- Monitor and manage workflow within the Retail Credit Collections, Monitoring & Control and Recoveries Team.
- Compilation of various returns, as required, through the assimilation of information available within the Retail Credit team
- Responsible for devising collections and recoveries strategies for implementation within the Collections, Monitoring & Control and Recoveries team
- Input into new/amended lending policies or products within the business
Stakeholder Management: 25%
- Liaison with 3rd parties (i.e., debt collection agencies) regarding policies and strategies for the recovery of out of order accounts.
- First point of contact for customer complaints.
Qualifications, Skills and Experience:
- The ideal candidate for the ABSA Bank job must hold relevant qualifications
- Further Education and Training Certificate (FETC): Office Administration (Required)
How to Apply:
All suitably qualified and interested candidates who wish to join ABSA Group in the aforementioned capacity should apply online at the link below.
Deadline: 16th September 2022
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