Recovery Officer Job Opportunities – Finance Trust Bank (FTB)

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Job Title:   Recovery Officer

Organisation: Finance Trust Bank (FTB)

Duty Station:  Kampala, Uganda

Reports: Regional Recovery Supervisor

 

About US:

Finance Trust Bank (FTB) 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 500,000 depositors and over 37,000 borrowers, through a network of 34 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 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:

  • 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 Supervisor on the progress of recovery of all loans above 30 days in arrears
  • Monitor and Coordinate recovery activities for loans above 60 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 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
  • Any other duties as may be assigned by your immediate supervisor from time to time


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Qualifications, Skills and Experience:

  • The applicant must hold a Bachelor’s degree from a recognized University
  • At least three years of experience in Credit operations
  • Good verbal and written communication skills
  • Advanced, computer literacy, numerical skills and statistical skills.
  • Team player, ability to work under pressure and in position to exercise excellent judgment.
  • Financial analysis skills
  • Ability to work under pressure.
  • Team work oriented
  • Demonstrated a high level of integrity
  • Customer oriented
  • Ability to transfer knowledge and provide guidance to others.
  • Ability to work long hours without supervision.
  • Flexibility to work from any part of the country.

 

NB: Position carries an attractive salary and benefits package.

 

How to Apply:

All Suitably qualified candidates should address their application to Head, Human Resource, Finance Trust Bank, TWED PLAZA, Plot 22B, Lumumba Avenue, 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: 31st March 2023

 

Please note that in line with the Bank procedures, no job offers are made online.

 

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