Assistant Manager – Debt Recovery
The role is responsible for
Overall responsibility for the delivery of recovery strategies to a portfolio of Asset Finance (Hire Purchase) & other loan accounts experiencing financial distress.
Responsible for determining the objectives, strategies and actions that need to be adopted to address business-risk issues, reduce the Bank’s risk, and achieve managed exit/recovery solutions so that the bank realises the maximum return in the shortest possible time.
Responsible for a portfolio made up of fast depreciating & highly moveable assets, thus a need to ensure prompt & speedy strategies & actions to recover debt.
Ensure that the bank does not incur losses in terms of non- performing loans under the bank’s portfolio. This is achieved through constant engagement with bank’s branches and customers whose accounts are already in the NPA category &/or regularly under Watch categories with arrears &/or excesses.
The job entails a balance between safeguarding customer relationship and the need to ensure recovery of outstanding debt with minimal delays.
Ultimately responsible for all classified Non-performing accounts.
Acts as a point of contact for the Debt Recovery team in the various Credit, NPA forums to discuss specific problem cases, trends and recommend solutions or strategies that can inform future lending policies.
Manager, Debt Recovery Unit
The purpose of the job is to engage in conducting credit investigations and collecting delinquent accounts and will communicate all credit related issues to senior management. The job requires various initiatives and strategy towards recovery across all types of customers and involving various key stakeholders both external and internal including Receivers/ Administrator, Law firms, auctioneers, other business segments, legal, etc.
It involves various kinds of reports to various committee including CRMC, BCC and Board for noting and approval as per delegation approvals of the Bank.
Review and assessment of CBK & IFRS provisions working for NPA account.
Senior Associate – Debt Recovery
The Debt Recovery Senior Associate maintains a good relationship with the customers and tries to resolve any issues or disputes. The role holder will also be responsible for updating the records of the accounts and following the legal procedures for debt recovery.
Senior Associate, Credit Securities Documentation
The position is responsible for preparation of letters of offer and internal documents. This is to ensure and maintain high quality loan book and to safeguard the Bank’s interest by obtaining timely, accurate and complete internal documentation. Additionally, tracking and monitoring of covenants and other conditions of sanction.