Recovery Manager Jobs in Dar es salaam
Job Title: Recovery Manager. Special Assets Management Unit
Department: Special Assets Management
Reporting to: Head of SAM
Responsible for: Written Off Unit
Region: Dar Es Salaam
1. PURPOSE OF JOB
Ensure focused attention on and closely monitor the performance Written off portfolio. A clearly defined strategy for following up and settling with written off accounts must be documented
on each name.
2. PRINCIPLE ACOUNTABIUTIES
Proactive portfolio management through daily calls, emails, letters, meetings etc Proactive recovery of written off loans and projects under distress.
Attend Court sessions of all legal cases and review status of the same Daily follow up and tracking of all written off loans.
Immediate review and Identification of settlement strategy for the written off accounts. Aggressive follow up on the Implementation of strategy to ensure delivery within minimum time possible. Daily follow up of collateral facility, or KYC documentation deficiencies to ensure closure withm the agreed timeframe
Timely issuance of statutory demand notices as per SAM procedures.
Periodic reports prepared for management review and actlon both on and off system.
Corresponding with key internal stakeholders for example the business teams etc.
Corresponding and meeting with customers. Be a key contact person for clients In your portfolio on all banking matters eg. Facility, transactional
Preparation of settlement requests or memos for presentation to Use management.
Continuous development of an efficient and cost-effective recovery process Periodic reports prepared for management review and action.
Any Other duties that may be assigned to you by your supervisor.
3. COMPETENCE REQUIREMENTS
Negotiation and Recovery Management skills to effectively perform Special Assets management acttvities/Tasks in a manner that consistently produce high quality of service.
Relevant knowledge of legal matters and practice In legal recovery as well as experience m the attendance of court hearing, arbitration, mediation, and other tribunals Knowledge and effective application of all relevant banking policies, processes, procedures, and guidance to consistently achieve required compliance standards or benchmarks. Self-empowerment to enable development of open communication, teamwork and trust that are needed to support performance and customer-service oriented culture.
Interpersonal skills to effectively communicate with and manage customer expectations (internal and external), and other stakeholders who impact performance.
Planning and organizing skills to effectively manage own work and adhere to turn around times
Quality orientation to facilitate management of services provided by partners and adherence to laid down policies and procedures in remedial management operations.
Report Writing Skills.
IT skills as one has to interact with numerous systems from Microsoft office etc
4. QUALIFICATION AND EXPERIENCE REQUIRED
University degree preferably In Law, Accounting/Finance and Business Administration Relevant professional qualification in banking, risk management, recovery, and law At least 5 years work experience as a Recovery Manager handling corporate clients.
HOW TO APPLY
Please send your application to [email protected]
Application deadline:- 3 August 2022
- Address Dar es salaam, Dar es salaam, Tanzania
- Salary Offers Negotiable USD Negotiable Month