Loan Recovery Officer
Job Description
- Vehicle Recovery: Locate and recover vehicles from customers who have defaulted on their payments and work in shifts
- Critical Response: Be on guard to respond immediately with appropriate on any threat alerts and take the necessary action on the ground
- Investigation: Conduct thorough investigations to determine the location of the vehicle, which may include surveillance, interviews, and review of public
- Documentation: Maintain detailed records of all repossession activities, including dates, times, and locations of recovered vehicles, as well as any interactions with customers.
- Compliance: Ensure all repossession activities are performed in accordance with compliance, and local laws and regulations.
- Customer Interaction: Communicate professionally and respectfully with customers, explaining the repossession process and their rights.
- Safety: Adhere to all safety protocols to ensure the well-being of team members and the public during repossession activities.
- Recovering Loan Amount: Perform other assigned tasks and duties necessary and support collecting the Accounts Receivable.
- Bad Debt recovery: Negotiate repayment plans and settlements with debtors, and implement strategies to effectively recover potential bad debts/ loss amounts
- Restructuring: Preparing restructuring plans for approval and assisting too executing on them before a client turns more than 90 days past due.
- Repossessed Asset Liquidity: Coordinating overall and effective coordination of legal resources, repossession agencies and the resale of assets (in a timely manner) and the relevant letters of Demand and Repossession are sent in a timely fashion, the repossession process commences as plaid down in the
- External Stakeholders Relationship: Manage relationships with external partners, including collection agencies and legal firms
More Information
- Address Dar es salaam, Dar es salaam Region, Tanzania, United Republic of Tanzania
- Salary Offers Negotiable TZS Negotiable Month
