Job Title: Recovery
Officer (5 Job Vacancies)
Officer (5 Job Vacancies)
Organization: Finance
Trust Bank (FTB)
Trust Bank (FTB)
Duty Station:
Kampala, Uganda
Kampala, Uganda
Reports to: Recovery
Manager
Manager
About US:
Finance Trust Bank
is licensed as a Tier 1 Commercial Bank after taking over the financial
services business of Uganda Finance Trust Limited (MDI). Finance Trust Bank is
a fully-fledged commercial bank serving a clientele of over 400,000 depositors
and over 23,000 borrowers, through a network of 36 branches countrywide. The
bank offers a variety of Products and services including; Savings, Current
accounts, Loans, Money transfer services and Bills payments to its target
market which comprises of micro, small and medium entrepreneurs, salary earners
and youth.
is licensed as a Tier 1 Commercial Bank after taking over the financial
services business of Uganda Finance Trust Limited (MDI). Finance Trust Bank is
a fully-fledged commercial bank serving a clientele of over 400,000 depositors
and over 23,000 borrowers, through a network of 36 branches countrywide. The
bank offers a variety of Products and services including; Savings, Current
accounts, Loans, Money transfer services and Bills payments to its target
market which comprises of micro, small and medium entrepreneurs, salary earners
and youth.
Job Summary: The Recovery Officer will be charged with
ensuring proper management of assigned credit facilities in default in such a
way as to ensure that loss to the bank is minimized, controlled or avoided.
ensuring proper management of assigned credit facilities in default in such a
way as to ensure that loss to the bank is minimized, controlled or avoided.
Key Duties and Responsibilities:
- Periodical review of the recovery procedures and advise management
on the new development in the recovery process - Daily review of the region’s arrears position and advise the
Recovery manager on the progress of recovery of all loans above 30 days in
arrears - Monitor and Coordinate recovery activities for loans above 30 days
at the different branches within the region. - 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 non-performing loan portfolio
to the regional recovery officers in liaison with the regional managers - 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
to Management Credit Committee for approval or decision on realization of
the bad debts. - Represent the institution in court sessions in liaison with the
legal manager in the cases instituted against the Institution’s debtors or
against the Institution by a customer - 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 Recovery Manager for approval. - Identify and advise management on all delinquent accounts that
require legal proceedings on a regular basis. - Monitor the provisions made on bad debts and ensure that the
institution is compliant with the BOU regulations - 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 management on the condition of the security.
Qualifications, Skills and Experience:
- The applicant for the Finance Trust Bank (FTB) Recovery Officer job
opportunity should hold a Bachelor’s degree from a recognized University. - Diploma in Legal practice from Law development Centre is an added
advantage. - At least three years’ experience in Credit management or debt
collection gained from a financial institution or a busy debt recovery
firm. - High Level of Integrity.
- Ability to work well under pressure.
- Good negotiation skills.
- Willingness to frequently travel upcountry.
How to Apply:
All suitably
qualified candidates should address their applications to Head, Human
Resource, Finance Trust Bank, Plot 115 & 121, Katwe. P.O. Box 6972,
Kampala, Uganda, and email it to [email protected] as well as
photocopies of academic testimonials, a CV with at least three reference
contacts, including the most recent employer, and telephone number.
qualified candidates should address their applications to Head, Human
Resource, Finance Trust Bank, Plot 115 & 121, Katwe. P.O. Box 6972,
Kampala, Uganda, and email it to [email protected] as well as
photocopies of academic testimonials, a CV with at least three reference
contacts, including the most recent employer, and telephone number.
Deadline: 28th January 2019
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