Job Title: Recoveries Officer (Fresher Job Careers)
Organisation: I&M Bank Uganda
Duty Station: Kampala, Uganda
Reports to: Team Leader, Collections & Recoveries
About US:
I&M Bank is a leading banking and insurance group in Eastern Africa with a presence in Kenya, Mauritius, Rwanda, Tanzania and Uganda. I&M Bank Uganda is a commercial bank headquartered at Kampala Road plot 6/6A with a growing regional presence. The Bank offers a wide range of commercial banking and financial products and services, and prides itself on introducing innovative products and services based on the needs of its customers.
Job Summary: The Recoveries Officer will manage the bank’s delinquent accounts by recommending and/or implementing remedial action for purposes of minimizing credit loss through rehabilitating or recovering from such accounts.
Key Duties and Responsibilities:
- Review the assigned delinquent accounts/portfolio to ascertain the causes of the default and recommend remedial action.
- Ensure that facility documentation and securities of the managed portfolio are up to date.
- Initiate and ensure viable remediation effort is undertaken to rehabilitate and/or recover from assigned client portfolio.
- Participate in credit governance meetings to identify and/or recommend accounts that require closer monitoring under Recoveries & Collections.
- Recommend accounts to be transferred to external service providers to support/ further management.
- Update assigned clients’ files with the relevant recovery efforts.
- Submit regular reports on updates on accounts in portfolio to Supervisor.
- Prepare updates for monthly Recoveries meetings and ensure that such reports are submitted in a timely manner.
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Qualifications, Skills and Experience:
- The applicant must hold a first degree in any discipline with a minimum of a second class upper.
- Professional qualification and post-graduate qualification (or in progress) in a business-related Field is a Must.
- Two to three years of related work experience
- Analytical and Investigative skills
- Excellent communication Skills.
- Sound understanding of banking industry
- Knowledge and understanding of FIA
- Good understanding of the business and macro – economics landscape
- High integrity
How to Apply:
All suitably qualified and interested applicants should apply online at the link below.
Deadline: 4th June 2023
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