The Ugandan Jobline

• 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.

• 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.

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