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Closing: Nov 18, 2022

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Published: Nov 14, 2022 (25 days ago)

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Job Summary

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Review the Allocated NPA portfolio for analysis and follow up and thus cause

recoveries (cash collections, upgrades and write backs) and prevention of delinquency/further deterioration
of the portfolio within the set Bank guidelines

Review all the recovery action plans to achieve timely and maximum recovery at a minimal cost

and appropriate turn-around time.

Managing relationships with bad debtors and other professionals involved in the bad debt management system such as lawyers and process servers


Ensure that all recovery actions are adequately documented as per Bank’s guidelines.

Minimum Requirements-State the Academic and Professional Qualifications and Work Experience

Work Experience

5-7 years+ relevant work experience (preferably within Credit

risk management or Credit Control).

In-depth knowledge of Credit risk management.

Knowledge of Methods and techniques used to analyze the financial conditions of debtors and to make collections.


Knowledge of the CRB Act, prudential guidelines and consumer protection Act.

Academic & Professional Qualifications

University Degree preferably in Business related field such as Economics, Finance & Accounting from recognized institution by Commission for University Education.


Master’s degree in a relevant field is added advantage.


Banking professional qualification, Accounting Qualification or equivalent


Responsibilities

Review the Allocated NPA portfolio for analysis and follow up and thus cause

recoveries (cash collections, upgrades and write backs) and prevention of delinquency/further deterioration
of the portfolio within the set Bank guidelines

Review all the recovery action plans to achieve timely and maximum recovery at a minimal cost

and appropriate turn-around time.

Managing relationships with bad debtors and other professionals involved in the bad debt management system such as lawyers and process servers


Ensure that all recovery actions are adequately documented as per Bank’s guidelines.

Minimum Requirements-State the Academic and Professional Qualifications and Work Experience

Work Experience

5-7 years+ relevant work experience (preferably within Credit

risk management or Credit Control).

In-depth knowledge of Credit risk management.

Knowledge of Methods and techniques used to analyze the financial conditions of debtors and to make collections.


Knowledge of the CRB Act, prudential guidelines and consumer protection Act.

Academic & Professional Qualifications

University Degree preferably in Business related field such as Economics, Finance & Accounting from recognized institution by Commission for University Education.


Master’s degree in a relevant field is added advantage.


Banking professional qualification, Accounting Qualification or equivalent


Analysing and making/recommending decisions on recommended actionsby Recoveries officer i.e. restructures, delay payments,

transfer to third parties.

Developing, and guiding Debt Recoveryand Remedial unit staff in reviewing all non-performing facilities and developing appropriate strategies to ensure efficient and cost effective

recoveries.

Review, recommend and implement debt restructures/renegotiations where appropriate to return bad debts to performing book.

In conjunction with the GM Recoveries review and managingHigh value top accounts to avail

proper work out solutions

Secretary to the Recovery Analysismeetings (held by Recovery analysis

committee) for delinquent/struggling accounts

Attend and present in CDA/SAC/RAC meetingsand implement appropriate actions


Reviewing and validating the service providersinvoices


Implement a system to ensure all recovery actions are adequately documented as per Bank’s  guidelines

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