Several Collection Officer Career Placements – Platinum Credit (U) Ltd

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Organization: Platinum
Credit (U) Ltd
Duty Station: Kampala,
Uganda
Reports to: Collections
Supervisor
About US:
Platinum credit is a leading Regional Micro Finance Company, a
subsidiary of Platcorp Holdings Ltd, providing emergency loans to employed
individuals in Eastern Africa. We have a wide spread branch network in Uganda,
Kenya and Tanzania. Currently, Platinum provides loans to Civil servants and
employees of the Private sector, and will soon roll out asset finance products.
Job
Summary: The Collections
Officer will be responsible for ensuring the proper management of assigned
credit facilities in default in such a way as to ensure that loss to Platinum
Credit (U) Ltd is minimized, controlled or avoided.
Key
Duties and Responsibilities:  
·        
Carry
out a daily review of the region’s arrears position and advise on the progress
of recovery of all loans in arrears as per recovery policy..
·        
Actively
monitor and Coordinate recovery activities for loans at the different branches
within the region in line with the recovery policy.
·        
Ensure
that the institution’s recovery agents give proper attention to the recovery of
bad debts.
·        
Ensure
that proper procedures are followed in liquidation of customer collaterals and
guide the branch and the recovery agents on the recovery process.
·        
Initiate
and monitor the transfer of the non-performing loan portfolio in liaison with
the Regional managers.
·        
Mentor,
train and guide staff on the best practices in the recovery of delinquent
loans.
·        
Negotiate
with Debtors and ensure that the Debtors repay the bad debts by at a lowest
cost to the Bank.
·        
Prepare
the authorization documents with appropriate documentation for approval or
decision on realization of the bad debts.
·        
Represent
the institution in court sessions in liaison with the immediate supervisor, in
the cases instituted against the Institution’s debtors or against the Institution
by a customer.
·        
Actively
coordinate the allocation of bad loans to court bailiffs and ensure that proper
approval is obtained at the time of allocation.
·        
Receive
and verify payment requests from court bailiffs prior to submission to the
Immediate Supervisor for approval.
·        
Identify
and advise on all delinquent accounts that require legal proceedings on a
regular basis.
·        
Actively
follow up and ensure that all recoveries from written off loans are properly
booked and reconciled on a regular basis.
·        
Carry
out periodical visits to delinquent customer’s securities and advise on the
condition of the security.
Qualifications,
Skills and Experience:  
·        
The ideal
candidates for the Collection Officer Jobs should hold Bachelor’s degrees
·        
Three
or more years’ experience in Credit operations or debt collection.
·        
Excellent
financial analysis skills.
·        
Ability
to work under pressure and overtime.
·        
Team
work oriented and willingness to guide and train others.
·        
High
level of integrity.
·        
Customer
oriented.
How to Apply:
All suitably qualified candidates should
submit their applications which should include; photocopies of academic
testimonials, an updated CV with at least three reference contacts, including
the most recent employer, and telephone number via the address below:
Platinum Credit (U) Ltd,
Prime Plaza, 4th Floor
Jinja Road, Kampala. Uganda
Deadline:
15th May 2015.

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