Recovery Officer Job Opportunities – Cycle Connect

Job Title:    Recovery Officer

Organisation: Cycle Connect

Duty Station:  Gulu or Lira, Uganda

Length of contract: This is a one year contract, with the possibility to extend.

 

About Cycle Connect:

Cycle Connect is a socially-driven business that delivers products and services to smallholder farmers in Uganda. We believe that distance should not be a barrier to opportunity and that is why we work on serving last mile farmers. Millions of farmers are financially excluded and yet need access to assets on credit. This is where Cycle Connect delivers, as we specialize in offering productive assets on financing plans. We offer low barrier loan terms built for farmers, enabling them to increase their income and in turn propel their communities forward. We began our full-time operations in 2014 and have a growing number of assets in our portfolio, including oxen and plough, bicycles, motorcycles, grinding machines. To date, we have worked with over 10,000 farmers across two different branches and backed up by 40 team members. We are venturing through an exciting time of rapid growth and scale throughout Uganda and are therefore looking to expand our team.

 

Job Summary:  Recovery of non-performing loans and written off loans as per the Cycle Connect recovery guidelines

 

Key Duties and Responsibilities:  

  • Responsible for the recovery of all loans above 180 days in arrears as well as written off loans.
  • In collaboration with the Branch Managers and the Credit officers, obtain a list of non-performing loans and closely follow them up for collections as per collections guidelines.
  • Achieve set targets for recoveries of non performing watch portfolio loans and written off loans.
  • Create a filing system for all loans received from the branches.
  • Clearly document all the collections efforts undertaken for each of the cases.
  • Follow up on non-performing loans and written off and document efforts made in recovering them.
  • Monitor the loan repayment accounts of non-performing loans and written off loans and ensure collections of any amounts thereon.
  • Work closely with local authorities to follow up on their progress.
  • Recommend waiver of accumulated interests and penalties on non performing and written off loans to management.
  • Develop a list of lessons learnt during recovery for strategic guidance on our lending business.
  • Make weekly and monthly reports to the Head of Credit on progress of collections efforts.
  • Maintain and update written and electronic loan follow up records, as well as other client or group documents.
  • Other tasks deemed necessary by the supervisor





Qualifications, Skills and Experience:

  • The ideal applicant must at least hold a diploma or degree from recognized university or college in Finance, Business, Micro finance or related field
  • At least two years of experience in Credit operations at Branch level.
  • Strong computer skills
  • Fluency in English and Luo (Acholi, Langi)
  • Ability to ride long distances on a motorcycle daily.
  • Process management skills
  • Advanced people and relationship management skills

 

Other Information: Work location will be in the Acholi and Lango subregions. Expect to spend about 80% of your time in the field and 20% in office in Gulu or Lira. Your working hours are 40 hours per week for which flexibility is required based on the market needs, this includes that you might need to work weekends or early evening hours.

 

How to Apply:

  • Take a look at our website to see how you resonate with what we do.
  • Fill out the online application form under this link, Click Here
  • You will upload your CV in PDF format into the form. Please ensure that it is tailored to this role and has no more than 3 pages.

 

Deadline: 3rd July 2021 at 11.59PM.

 

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