Recovery Officer

Location

Contract Type

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.

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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