5 Fresher Regional Recovery Officer Job Vacancies – Finance Trust Bank

 

Job Title:    Regional Recovery Officer (5
Fresher Jobs)

Organisation: Finance
Trust Bank

Duty Station:  Kampala,
Uganda

Reports to: Recovery Supervisor

 

About US:

Finance Trust Bank
was licensed as a Tier 1 Commercial Bank on 11th November, 2013, taking over
the financial services business of Uganda Finance Trust Limited (MDI). Today
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 35
branches country wide. 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 Regional Recovery Officer will ensure
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:  

·       
Daily
review of the region’s arrears position and advise the Supervisor on the
progress of recovery loans in arrears

·       
Monitor
and Coordinate recovery activities for loans in arrears 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

·       
Ensure
that non-performing loan portfolio is properly handed over by the credit
officers in liaison with the regional managers and the branch 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 Counsel 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

·       
Follow
through with the submission of periodic reports from debt collection agents

·       
Receive
and verify payment requests from court bailiffs prior to submission to the
Supervisor 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 and advise management on loans requiring subjective
provisioning

·       
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

·       
Perform
any other work related duties that you may be assigned from time to time.

 


Qualifications, Skills and Experience:

·       
The
applicant for the Finance Trust Bank Regional Recovery Officer job opportunity
must hold a degree from a recognized University

·       
A
minimum of two years working experience as Credit Officer or debt recovery
officer with a busy financial Institution.

·       
Proficiency
in relevant computer applications i.e. excellent Microsoft office skills,
excel, internet, etc

·       
Ability
to ride a motorcycle

·       
Excellent
analytical skills.

·       
Attention
to detail is critical.

·       
Demonstrated
high integrity and sense of confidentiality.

·       
Results
oriented with ability to meet deadlines.

·       
Flexible
and willing to work for long hours.

·       
Good
interpersonal and teamwork skills.

·       
Ability
to work under pressure.

 

How to Apply:

All suitably
qualified candidates should address their application 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, and a CV. The CV should include telephone contacts and email
addresses of three referees, one of who should be the most recent employer.

 

Deadline: 27th January, 2021.

 

NB: Only shortlisted
candidates will be contacted directly on Tel. Numbers 0312 222600 or 0414
341275 ONLY. Please note that in line with the Bank procedures, no job offers
are made online.

 

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latest jobs, please visit 
https://www.theugandanjobline.com or find us on our facebook page https://www.facebook.com/UgandanJobline

 

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