RM Loan Recoveries Job at CVPeople Tanzania
CVPeople Tanzania | Full time
Job Description
Reports to: Head of Loan Recoveries
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Main activities
- To implement and close monitoring of the recovery strategies and to ensure maximum recovery of IPF & Asset Based Financing outstanding credit facilities.
- Monitoring the recovery progress of bad debts through compliance with the local regulatory requirements and the bank’s internal procedures.
- To attend court sessions as well as outright sales (Public auctions) emanating from, Asset Based Financed customers.
- Liaise with the legal department on regular basis and provide frequent analysis in respect of the best recovery strategy/approach of ongoing litigation cases arising from IPF and Asset Based Credit facilities.
- Negotiations with bad debtors through settlements of their outstanding credit facilities and subsequent preparation of executive write-ups to the approving authorities for deliberation and necessary approvals.
- To conduct thorough Security Reviews (perform quality assurance) of all credit-related documentation prior to any recovery approach and to ensure mitigation of any security gaps.
- Preparation of relevant reports to the management in all matters related to recovery on IPF & Asset Financing customers.
- Provide technical support to the various credit committees on the management of the Bank’s Non-performing portfolio.
- To handle and manage all clients’ queries/concerns/advice properly and timely with the purpose of creating and maintaining a good relationship between the clients and the bank.
- Actively participate in the departmental related meetings on a weekly and monthly basis such as Special Assets
- Management Review Committee and Monday Special Recovery Committee forums
- Corresponding and provision of required support to all internal stakeholders such as business teams etc.
RM Loan Recoveries Job at CVPeople Tanzania
Knowledge and Experience
- Minimum of University degree preferably in Business Administration, accounting, Finance, Economics, or its equivalent
- A Master’s degree in Business Administration, accounting, finance, and economics or its equivalent is desirable.
- Relevant professional qualification in banking and credit risk management.
- At least 5 years of work experience in the financial services industry experience as a Recovery Manager handling corporate & commercial banking clients in the Asset Management and/or Collections field.
- Credit analysis knowledge is highly desirable
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