Website United Bank for Africa (Z) Ltd
Essential Information:
To supervise recovery and remedial activities in the bank.
Reporting Relationships:
Functionally reports to the Chief Credit Officer
Job Duties:
- Drive Loan Recovery efforts in the Bank
- Management of day to day excesses and arrears and to work closely with branches, RMs and ROs to follow up on defaulting customers
- Review restructuring of problem loans
- Supervise and implement workout arrangement
- Review repayment proposals
- Review management report to refocus recovery drive
- Achieve recovery target in line with advised budget
- Manage relationship with debtor customers e.g. request for interest concession/waivers, write off request, restructuring of accounts etc
- Supervise appropriate restructuring strategies for each classified name
- Review of Memorandum and Non- performing loan data base
- Ensure restructuring of non-performing loan into performing status
- Early resolution of problem loans and fraud related accounts
- Liaison with external stakeholders – Attorneys and external debt collectors
Key Performance Indicators:
- Net Recoveries Vs Budget
- Efficiency of loan recovery effort (cost of recovery as a % of remedial loan balance recovered)
- Proficiency on coordinating the restructuring and workout of problem loans
- Effectiveness in managing the activities of Remedial Management
- Collections made on restructured accounts
- Effectiveness at executing scheduled and adhoc assignments
Skills:
- Good customer relation
- Knowledge of local recovery function
- Good communication & effective reporting skills
- Knowledge of credit processes and procedures
- Basic banking operations knowledge
- Good negotiating skills
- Good understanding of business/working capital cycles.
- Numerate/qualitative Aptitude
- Creativity/Responsiveness
Job Requirements & Knowledge:
- General branch operations
- Risk Management/Credit Analysis
- Debt Recovery & Remedial Management
- Loan documentation
- Collateral Documentation & perfection process
- Knowledge on the legal aspects of banking
- Basic knowledge of litigation
Application requirements:
- Grade 12 certificate with 5 Credits or better inclusive English and Mathematics
- A good first degree with credit or better in a relevant discipline
- 4 years banking experience with 2 years in Risk Management and 1 year in Remedial Management functions
To Apply:
United Bank for Africa is an equal opportunity employer. Interested candidates that meet the above job requirements should send their application in a single document comprising of detailed Curriculum Vitae, G12, Degree and other copies of professional qualifications to [email protected] by 5th October, 2024.