Recoveries Manager Job Placement – Equity Bank
Organisation: Equity Bank
Duty Station: Kampala, Uganda
Reports to: Sector Head, Monitoring & Collections
Job Ref: CRED/EQBUL 01/2019
About US:
Equity Bank is one of the region’s leading banks whose purpose is to transform the lives and livelihoods of the people of Africa socially and economically by availing them modem, inclusive financial services that maximize their opportunities. With a strong footprint in Uganda, Kenya, Tanzania, Rwanda and South Sudan, Equity Bank is now home to nearly 9 million customers, the largest customer base in the Eastern African Region.
Job Summary: The Recoveries Manager is charged with proactively managing the written off book of Equity Bank Uganda Limited in order to maximize recoveries and ensure full compliance with statutory regulations and guidelines as well as internal policies and procedures to minimize losses and maximize revenue for the Bank
Key Duties and Responsibilities:
- Achieve budget for written off account recoveries.
- Ensure full compliance with the Bank’s internal credit policy and procedures on recoveries.
- Devise and adhere to personal activity work plans to achieve set targets.
- Manage and monitor external debt collection agencies performance to ensure adherence to guidelines, SLAs to maximize their productivity.
- Negotiations with Customers regarding settlement agreements and ensuring that all proposed settlements are approved by Management of the Bank before being effected.
- Establish and maintain liaison with other departments of the Bank, other banks and 3rd party collection agencies e.g. lawyers, bailiffs & solicitors, to ensure, good communications, prompt and efficient passage of information.
- Ensure timely referral of cases to Legal when turnaround of written off account is not possible and ensure foreclosure and/or recovery actions are done in the most cost effective manner and within set procedures to minimize losses & negative publicity [reputational risk].
- Provide timely, relevant & accurate assessment of recovery results against projected goals and any other report that may be needed to the Sector Head Monitoring & Collections.
- Ensure that all sales of defaulting Customers’ property are done within the laws and ensuring that the buyer has full possession of the property latest within 6 months to avoid legal battles with buyers.
- Risk Management.
- Adherence to internal credit policies and procedures.
- Compliance with statutory regulations and guidelines on disposing off securities for loans i.e. Mortgage Act & guidelines on disposing off Chattels.
- Effective credit recoveries control system.
- Implementation of audit recommendations. Q Compliance with Consumer Protection guidelines.
- Departmental risk control self-assessments..
Qualifications, Skills and Experience:
- The applicant for the Equity Bank Recoveries Manager job placement must hold a Bachelor’s degree in Economics, Statistics, Commerce, Business Administration or equivalent.
- Five years of experience in a Financial Institution with at least 1-2 years’ experience in credit approval & structuring, credit administration and debt recovery.
- Financial analysis skills.
- Awareness of current economic events and commercial banking best practices.
- Thorough understanding of internal Credit policies.
- Thorough knowledge of FIA/IFRS guidelines & regulations on asset quality.
- Good knowledge of the national legal system/ framework with emphasis on the Mortgage Act.
- Awareness of the Consumer Protection guidelines.
- High degree of attention to detail.
- Self-driven, results oriented and ability to work under minimum supervision.
- Possess very good interpersonal, written and oral communication skills
- Good customer service but firm.
- Excellent negotiation skills with a commercial focus.
- Decision making skills. N Q High proficiency in the use of Microsoft Office applications e.g. Word, Excel, PowerPoint.
- Ability to exercise the highest level of responsibility and confidentiality.
- Willingness to travel extensively and to work long hours where required to achieve the Bank’s objectives;
- Demonstrated knowledge of banking regulations, policies and procedures relating to Loan Workout processes;
- Knowledge and understanding of the laws, processes, and documentation about foreclosures, legal action, and solvency/bankruptcies, and recovery of delinquent commercial loans;
- Proficient in the use of Microsoft Office applications and utilization of various applications for loan collections & recovery;
- Excellent understanding of the banking act and prudential guidelines.
- Good knowledge of banking products and evolving credit risk management systems; and ability to identify and take corrective steps.
How to Apply:
If you believe you are interested in joining the banking sector at Equity Bank, please send your application along with a detailed Curriculum Vitae and copies of the relevant certificates and testimonials quoting the Job Title or Ref. No. (Check at the Top of Advert) to: recruitment@equitybank.co.ug or to post to:
The Human Resources Manager,
Equity Bank (U) Ltd,
P.O. Box 10184 Kampala
Deadline: 22nd March 2019
: List of Current Job Vacancies / Opportunities in Uganda