The Ugandan Jobline

• Ensuring
  that loan loss provision is kept under control for all branches
• Keeps
  track of documentation of all actions taken to collect from bad debts
• Coordinate
  and Monitor activities of external debt collectors in liaison with branch
  managers
• Coordinate
  and supervise the activities of the debt collector-logistics officers.
• Guide
  the Operations Manager on suitable strategies of bad debt collection
• Prepare
  confidential reports on identified irregularities discovered leading to
  bad debts
• Deputies
  the company secretary in coordination of board activities

• Carry
  out a daily review of the institution’s arrears position and advise
  on the progress of recovery of all loans above 60 days in arrears
• Identify
  and guide the Operations Manager on all delinquent accounts that
  require legal proceedings on a regular basis
• Initiate
  and monitor the transfer of non-performing loan portfolio to the
  recovery officers in liaison with the regional managers
• Prepare
  the authorization documents with appropriate daily recovery follow-up
  reports submitted to the Operations Manager
• Send documentation to Management
  operations Committee for approval or decision on realization of the 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
• The
  incumbent will represent the institution in public auctions for sale of
  repossessed securities
• Issue
  repossession orders and co-ordinate the repossession of financed
  assets or those held as security in a timely manner and decisions on sale
  price to be accepted by the Institution is made without delay.
• Keenly
  monitor the provisions made on bad debts and ensure that the institution
  is compliant with the BoU regulations and advise the Operations
  Manager on loans requiring subjective provisioning
• Periodical
  review of the recovery procedures and advise Operations manager on the new
  development in the recovery process.
• Ensure
  that write off ratio is kept below 3% of the active portfolio
• Up-date
  Collateral monitoring reports

• Monitor
  and coordinate the activities of the recovery officers and ensure that the
  Institution’s recovery agents give proper attention to the recovery of bad
  debts.
• Coordinate
  the allocation of bad loans to court bailiffs and ensure that
  proper approval is obtained at the time of allocation
• Tracks
  amounts recovered on stuck loans viz-a-viz target on a daily basis

• Conduct
  periodical visits to delinquent customer’s securities and give advice on
  the condition of the security
• Negotiate
  with Debtors and ensure that the Debtors repay the bad debts at a lowest
  cost to the Bank and as well follow recommended procedures for bad debt
  recovery
• Limited
  conflicts between customers and debt collections team

• Mentor,
  train and guide staff on the best practices in the recovery of delinquent
  loans
• Prepare
  performance status reports submitted Operations Manager

• Initiate
  legal proceedings for delinquent accounts
• The
  jobholder will prepare the authorization documents with appropriate
  documentation to Management operations Committee for approval or decision
  on realization of the bad debts
• Represent
  the institution in court sessions in the cases instituted against the
  Institution’s debtors or against the Institution by a customer
• Receive
  and verify payment requests from court bailiffs prior to submission to the
  Operations Manager for approval
• Positive
  and successful track record for court suits

• The ideal candidate for the Vision Fund
  Uganda (VFU) Legal Officer job opportunity should hold an LLB( Bachelor of Laws Degree)
• Additional
  diploma in Legal practice
• Hold
  a Practicing certificate
• Possess
  good financial analysis skills.
• Broad
  knowledge and understanding of litigation procedures.
• Portfolio
  management skills.
• Excellent
  analytical and problem solving skills.
• Ability
  to work under pressure.
• Excellent
  communication and interpersonal skills
• Team
  work oriented and willingness to guide and train others
• Strong
  emotional intelligence
• Demonstrated
  a high level of integrity
• Customer
  oriented
• Ability
  to transfer knowledge and provide guidance to others.
• Ability
  to work long hours without supervision.
• The
  applicant must be a committed Christian, able to stand above
  denominational diversities
• Ability
  to uphold VFU core values at all times

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