The Ugandan Jobline

• Monitor and Coordinate recovery activities for loans above 30 days
  at assigned FINCA branches.
• Ensure that the process below is followed by all Branches and  :
• NUMBER OF DAYS  RESPONSIBLE
  DEPT /OFFICER
• 1-30 days        AROS/ARS
• 30-60 days     AROS, ARS,
  Branch recovery committee
• 60 days Plus   Recovery Team
• 90 – 180 days and exceptional cases           Legal
  department and Recovery team
• Ensure that Branches are organizing regularly the delinquency
  committees and all recovery effort documents completed and file at the
  Branch.
• Negotiate payment of delinquent contract customers, securing
  promises to pay within set guidelines and targets.
• Maintain 100% compliance with all policies and regulatory
  requirements across collection activities.
• Negotiate with Debtors and ensure that the Debtors repay the bad
  debts by at a lowest cost to the Bank.
• Conduct periodical visits to delinquent customer’s securities and
  advise management on the condition of the security.
• Identify and advise management on all delinquent accounts that
  require legal proceedings on a regular basis.
• Coordinate the allocation of bad loans to court bailiffs and ensure
  that proper approval is obtained at the time of allocation.
• Ensure that court bailiffs received a formal written instruction
  before proceeding with cases.
• Receive and verify payment requests from court bailiffs prior to
  submission to your supervisor for approval.
• Periodical review of the recovery procedures and advice management
  on the new development in the recovery process.
• Tasked with the daily review of the assigned branch’s arrears
  position and advice your supervisor on the progress of recovery for all
  loans above 30 days.
• 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.
• Follow up and ensure that all recoveries from written off loans are
  properly booked and reconciled on a regular basis.
• Monitor the provisions made on bad debts and ensure that the
  institution is compliant with the BOU regulations and advise management on
  loans requiring subjective provisioning.
• Monitor and recover written of loans

• Prepare the authorization documents with appropriate documentation
  to Management Credit Committee for approval or decision on realization of
  the bad debts.
• Manage and maintain the monthly reporting requirements for the
  assigned loans.

• The ideal candidate for the FINCA Uganda Recovery Officer job must hold
  a bachelor’s degree in Business Administration or any other business
  related field
• At least three years of experience in credit operations.
• Honest and unquestionable integrity
• Knowledgeable and understands collections legal recovery practices.
• Knowledgeable about lending principles.
• Knowledgeable about  banking
  procedures
• Good analytical and problem solving skills.
• Excellent financial and risk analysis skills
• Good knowledge of the mortgage laws and industry practices
• Ability to work under pressure
• Flexibility
• Good interpersonal skills
• Excellent report writing skills
• Excellent  communication
  skills ( verbal & written )

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