3 Recovery Officer Job Opportunities – FINCA Uganda Limited (MDI)

Job
Title:         
  Recovery
Officer (3 Job Opportunities)
Organization: FINCA
Uganda Limited (MDI) 
Duty Station: Kampala,
Uganda
Reports to: Recovery
Supervisor
About US:
FINCA Uganda Limited
(MDI) was the first licensed micro-finance deposit taking institution in
Uganda, and part of a global network which serves over 1,000,000 clients in 22
countries. FINCA Uganda currently offers loans, savings and money transfer
services in Uganda, one of the most competitive and dynamic microfinance
markets in the world.
Job Summary:  The Recovery Officer is a staff responsible
for minimizing, controlling or avoiding losses through proper management of the
assigned credit facilities in default. He/She is a staff who directly deals
with the credit clients who have defaulted on their loans. Specifically this
role focuses on delinquent loans.
Key Duties and Responsibilities: 
Recovery management
  • 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
Reporting and Data
Analysis;
  • 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.
Training: Guide staff at the branch on the best
practices in the recovery of delinquent loans.


Qualifications, Skills and Experience: 
  • 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 )
How to Apply:
All suitably
qualified and interested candidates who so wish to take up these roles  in
the aforementioned capacity are encouraged to send their applications with
detailed CVs including present position and copies of relevant
professional/academic certificates to: ug_jobs@fincaug.org 
Deadline: 3rd August 2018
For more of the
latest jobs, please visit http://www.theugandanjobline.comor
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