Closing: Mar 29, 2024
This position has expiredPublished: Mar 6, 2024 (2 months ago)
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Job Summary
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Qualifications
- A Diploma or Bachelor's Degree in business, or a related field is preferred.
- Proven experience in debt collection or a related industry.
- Strong communication and interpersonal skills.
- Ability to work independently and as part of a team.
- Excellent negotiation and presentation skills.
- Results-oriented with a focus on meeting debt collection targets.
Responsibilities
Qualifications
- A Diploma or Bachelor's Degree in business, or a related field is preferred.
- Proven experience in debt collection or a related industry.
- Strong communication and interpersonal skills.
- Ability to work independently and as part of a team.
- Excellent negotiation and presentation skills.
- Results-oriented with a focus on meeting debt collection targets.
- Organize a calling list according to the severity of delinquency –the severity of delinquency here will be determined by the loan amount; instalments amount for short-term loans (3 months and below) and client repayment history.
- Call debtors before due dates to remind them to make repayments
- Call debtors on due dates to ensure they repay
- Receive and record all Promises to Pay from debtors
- Negotiate for clearance of arrears/default with clients
- Negotiate for most agreeable promises to pay from debtors – most agreeable are those to pay within days of the instalments’ falling due for arrears and within seven days after calling for older defaulters
- Daily update Individual Collection Portfolio records – that is repayments made, Promises to pay made, demand notices and sent, and accounts recommended for repossession.
- Ensure demand notices for debtors who did not keep their Promises to pay are sent in a timely manner as per policy.
- Follow up on Promises to Pay received.
- Recommend clients to be repossessed based on the response so far received and the debt collection policy.
- Plan with the field officers for repossessions of defaulted accounts as per the plan to be conducted with an aim of recovering.
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