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Job Title:   Debt Recovery Officer (Fresher Jobs)   

Organisation: Perfect Finance (U) Ltd

Duty Station:  Kampala, Uganda

About US:

Perfect Finance (U) Limited (PFUL) is Non Deposit taking microfinance institution (MFI) incorporated in Uganda under the companies Act to offer Ugandans convenient, fast and easy access to full range of financial services that suits their needs, with the primary focus of empowering low income entrepreneurs and SMEs in rural and urban centers who unable to access financial services from commercial Banks.

Job Summary:  The Debt Recovery Officers will be responsible for championing debt recovery activities in liaison with all the external debt recovery partners of the company.

Key Duties and Responsibilities:

• Periodical review of the recovery procedures and advice management on the new development in the recovery process
• Responsible for prompt follow up and recoveries of assigned non-performing loans
• Daily review of the arrears position and advice the Supervisor on the progress of recovery of all loans above 30 days in arrears
• Ensure that the institution’s recovery agents give proper attention to the recovery of bad debts
• Ensure all demand letters for delinquent loans in his/her portfolio are issued and served promptly in accordance with credit policies and procedures.
• Negotiate with Debtors and ensure that the Debtors repay the bad debts and default charges to the Bank.
• Ensure all recovery activities and follow up are properly documented and filed in customers’ credit files.
• Work closely with court bailiffs and legal officers and local authorities to ensure quick disposal of securities pledged for non-performing loans.
• Liaise with court bailiffs and legal officer to ensure alternative recovery measures are employed for unsecured loans and loans secured by inferior securities.
• Responsible for prompt follow up with assigned court bailiffs, auctioneers and other debt recovery agents and advise management on all allocated loans.
• Maintain a proper diary in Excel Spreadsheet format, for all the scheduled debt recovery activities e.g. demand notice expiry, advertisement notice expiry, auction date, e.t.c to be shared with credit Manager on weekly basis.
• Perform any other duties as may be assigned from time to time by credit manager.

Qualifications, Skills and Experience:

• The applicants for the Perfect Finance Uganda Limited Debt Recovery Officer jobs should hold University degrees in business-related fields
• Qualifications in Credit Management/Debt Collection will be a definite advantage
• At least two to three years’ experience in banking operations, with exposure to credit or lending and debt collection functions
• Excellent communication and negotiation skills
• Good interpersonal skills
• Maturity, honesty, integrity and a strong sense of ethics
• Demonstrated ability to remain calm in stressful situations
• Patience and understanding be persuasive, persistent and firm

How to Apply:

All candidates should send their applications and updated CVs via Email to:  info@perfectfinance.co.ug

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