Job
Title: Debt Recovery Officers (3 Job
Opportunities)
Title: Debt Recovery Officers (3 Job
Opportunities)
Organization: UGAFODE
Microfinance Limited (MDI)
Microfinance Limited (MDI)
Duty Station: Any
Branch, Uganda
Branch, Uganda
About US:
UGAFODE Microfinance
Limited (MDI) is a registered financial institution in Uganda and is adherent
to the Central Bank’s regulations and guidelines and was founded in 1994 to
provide quality microfinance services.
Limited (MDI) is a registered financial institution in Uganda and is adherent
to the Central Bank’s regulations and guidelines and was founded in 1994 to
provide quality microfinance services.
Job Summary: The
Debt Recovery Officer is mainly responsible for championing branch debt
recovery activities in liaison with all the external debt recovery agents and
H/O debt recovery unit.
Debt Recovery Officer is mainly responsible for championing branch debt
recovery activities in liaison with all the external debt recovery agents and
H/O debt recovery unit.
Key Duties and Responsibilities:
·
Responsible
for prompt follow up and recoveries of assigned non-performing loans.
Responsible
for prompt follow up and recoveries of assigned non-performing loans.
·
Ensure
all demand letters for delinquent loans in his/her portfolio are issued and
served promptly in accordance with credit policies and procedures.
Ensure
all demand letters for delinquent loans in his/her portfolio are issued and
served promptly in accordance with credit policies and procedures.
·
The Debt
Recovery Officers will also ensure all recovery activities and follow up are
properly documented and filed in customers’ credit files.
The Debt
Recovery Officers will also ensure all recovery activities and follow up are
properly documented and filed in customers’ credit files.
·
Work closely
with Head office Debt recovery unit and Legal department to ensure quick
disposal of securities pledged for non-performing loans.
Work closely
with Head office Debt recovery unit and Legal department to ensure quick
disposal of securities pledged for non-performing loans.
·
Liaise
with Head office Debt recovery unit and Legal department to ensure alternative recovery
measures are employed for unsecured loans and loans secured by inferior
securities.
Liaise
with Head office Debt recovery unit and Legal department to ensure alternative recovery
measures are employed for unsecured loans and loans secured by inferior
securities.
·
Responsible
for prompt follow up with assigned court bailiffs, auctioneers and other debt
recovery agents and advise management on all allocated loans.
Responsible
for prompt follow up with assigned court bailiffs, auctioneers and other debt
recovery agents and advise management on all allocated loans.
·
Maintain
a proper diary in Excel Spreadsheet format, for all the scheduled debt recovery
activities e.g. demand notice expiry, advertisement notice expiry, auction
date, e.t.c to be shared with branch management on weekly basis.
Maintain
a proper diary in Excel Spreadsheet format, for all the scheduled debt recovery
activities e.g. demand notice expiry, advertisement notice expiry, auction
date, e.t.c to be shared with branch management on weekly basis.
·
Perform any
other duties as may be assigned from time to time.
Perform any
other duties as may be assigned from time to time.
Qualifications, Skills and Experience:
·
The
ideal candidates for the UGAFODE Debt Recovery Officers jobs must hold
Bachelor’s degrees in business-related fields.
The
ideal candidates for the UGAFODE Debt Recovery Officers jobs must hold
Bachelor’s degrees in business-related fields.
·
Qualifications
in Credit Management/Debt Collection will be a definite advantage
Qualifications
in Credit Management/Debt Collection will be a definite advantage
·
At least
two to three years of experience in banking operations, with exposure to credit
or lending and debt collection functions
At least
two to three years of experience in banking operations, with exposure to credit
or lending and debt collection functions
·
Good
communication and negotiation skills
Good
communication and negotiation skills
·
Excellent
interpersonal skills
Excellent
interpersonal skills
·
Maturity,
honesty, integrity and a strong sense of ethics
Maturity,
honesty, integrity and a strong sense of ethics
·
The
ability to remain calm in stressful situations
The
ability to remain calm in stressful situations
·
Patience
and understanding
Patience
and understanding
·
To be
persuasive, persistent and firm
To be
persuasive, persistent and firm
·
Willing
and flexible to be stationed in any of our upcountry branches
Willing
and flexible to be stationed in any of our upcountry branches
·
Age: Between 25 to 35 years.
Age: Between 25 to 35 years.
How to Apply:
Interested persons
who meet the above criteria should submit their motivation letters together
with an up to date CV to our email only: [email protected] (please
indicate the position you are applying for in the Subject Line ‘’Application
for Debt Recovery Officer Position”). Applications should be addressed to the Head
of Human Resource.
who meet the above criteria should submit their motivation letters together
with an up to date CV to our email only: [email protected] (please
indicate the position you are applying for in the Subject Line ‘’Application
for Debt Recovery Officer Position”). Applications should be addressed to the Head
of Human Resource.
Deadline: 18th May 2018
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