Closing: Apr 16, 2024
This position has expiredPublished: Apr 15, 2024 (15 days ago)
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Job Summary
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Requirements
• Bachelor’s degree in Finance, Business, Accounting, Economics, Statistics, or any other relevant field.
• A qualification in Law will be an added advantage.
• At least 5 years working experience in a recoveries and collections role with a financial institution or other institution involved in debt recovery, with at least 3 years experience at supervisory level.
Required Competencies (Knowledge, Skills & Abilities)
• Patience and resilience.
• Relationship Management.
• Financial analysis.
• Report writing Familiarity with state debt collection laws.
• Knowledge of payment plans and accounting procedures.
Responsibilities
Requirements
• Bachelor’s degree in Finance, Business, Accounting, Economics, Statistics, or any other relevant field.
• A qualification in Law will be an added advantage.
• At least 5 years working experience in a recoveries and collections role with a financial institution or other institution involved in debt recovery, with at least 3 years experience at supervisory level.
Required Competencies (Knowledge, Skills & Abilities)
• Patience and resilience.
• Relationship Management.
• Financial analysis.
• Report writing Familiarity with state debt collection laws.
• Knowledge of payment plans and accounting procedures.
• Effectively manage the Recoveries team of the Bank
• Ensure satisfactory Collections and Recoveries performance in line with the Bank’s set agenda.
• Regularly review the delinquent accounts/portfolio of the bank and develop strategies for timely remediation, collection or recovery.
• Liaise with internal and external stakeholders to ensure effective and efficient collection and recovery efforts.
• Ensure that documentation and securities of the non-performing and written off portfolio are in place and up to date.
• Participate in credit governance meetings to proactively identify and/or recommend accounts that require closer monitoring by the Recoveries & Collections team.
• Ensure compliance with prudential and internal policy classification and impairment requirements in the non-performing assets book.
• Coordinate preparation and presentation of regular Collections and Recoveries portfolio reports to stakeholders.
• Review all reports for accuracy and completeness and ensure timely submission to the various
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