5 Recovery Officer Job Vacancies – Finance Trust Bank (FTB)

Job Title:        Recovery
Officer (5 Job Vacancies)
Organization: Finance
Trust Bank (FTB) 
Duty Station: 
Kampala, Uganda
Reports to: Recovery
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.
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.
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
  • 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
  • At least three years’ experience in Credit management or debt
    collection gained from a financial institution or a busy debt recovery
  • 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 jobs@financetrust.co.ug 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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latest jobs, please visit http://www.theugandanjobline.com or
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