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FINCA Uganda
Recovery Officer
Koboko, Nakasongola, Fort Portal • Uganda+ 9 more
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FINCA UgandaProfession
Industry (Business, strategic management)
Seniority (Business, strategic management)
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FINCA Uganda
Banking + 2 more
Job details
Description
Bachelor’s degree in business related disciplines i.e Banking, Microfinance, Commerce, Accounting or any relevant field.
Minimum 3 years of working experiences in credit function of financial industry.
Responsibilities
- Monitoring and coordinating loan recovery activities for both active and written off loans at the assigned FINCA branches.
- Ensuring that the loan recovery escalation process is adhered to in executing the loan recovery and that the recovery efforts are well documented.
- Negotiating payment of active and written off customers, securing promises to pay to attain the targets.
- Maintaining 100% compliance with all internal policies, procedures and regulatory guidelines across collection activities.
- Negotiating with debtors and ensuring that they repay the bad debts at a lowest cost to the FINCA Uganda.
- Carrying out periodical visits to active and written off customer’s securities and advising management on the condition of the securities.
- Identifying and advising management on all delinquent accounts that require legal proceedings on a regular basis.
- Coordinating the allocation of bad loans to external debt collectors and or court bailiffs and ensuring that proper approval is obtained at the time of allocation.
- Ensuring that Court Bailiffs receive formal written instructions before proceeding with cases.
- Participating in periodical review of the loan recovery procedures and advising management on the new development in the recovery process.
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