45 No Experience A' Level Field Representative Job Opportunities - Marketing Arina (U) Ltd

Job Title:     Field Representative (45 No Experience Job Opportunities) Organization:  Marketing Arina (U) Ltd Duty Station:  Kampala...

5 Recovery Officer Job Vacancies - Finance Trust Bank (FTB)


Job Title:        Recovery Officer (5 Job Vacancies)
Organization: Finance Trust Bank (FTB) 
Duty Station:  Kampala, Uganda
Reports to: Recovery Manager

About US:
Finance Trust Bank is licensed as a Tier 1 Commercial Bank after taking over the financial services business of Uganda Finance Trust Limited (MDI). Finance Trust Bank is a fully-fledged commercial bank serving a clientele of over 400,000 depositors and over 23,000 borrowers, through a network of 36 branches countrywide. The bank offers a variety of Products and services including; Savings, Current accounts, Loans, Money transfer services and Bills payments to its target market which comprises of micro, small and medium entrepreneurs, salary earners and youth.

Job Summary:  The Recovery Officer will be charged with ensuring proper management of assigned credit facilities in default in such a way as to ensure that loss to the bank is minimized, controlled or avoided.

Key Duties and Responsibilities: 
  • Periodical review of the recovery procedures and advise management on the new development in the recovery process
  • Daily review of the region’s arrears position and advise the Recovery manager on the progress of recovery of all loans above 30 days in arrears
  • Monitor and Coordinate recovery activities for loans above 30 days at the different branches within the region.
  • Ensure that the institution’s recovery agents give proper attention to the recovery of bad debts
  • Ensure that proper procedures are followed in liquidation of customer collaterals and guide the branch and the recovery agents on the recovery process
  • Initiate and monitor the transfer of non-performing loan portfolio to the regional recovery officers in liaison with the regional managers
  • Train and guide staff on the best practices in the recovery of delinquent loans.
  • Negotiate with Debtors and ensure that the Debtors repay the bad debts by at a lowest cost to the Bank.
  • Prepare the authorization documents with appropriate documentation to Management Credit Committee for approval or decision on realization of the bad debts.
  • Represent the institution in court sessions in liaison with the legal manager in the cases instituted against the Institution’s debtors or against the Institution by a customer
  • Coordinate the allocation of bad loans to court bailiffs and ensure that proper approval is obtained at the time of allocation
  • Receive and verify payment requests from court bailiffs prior to submission to the Recovery Manager for approval.
  • Identify and advise management on all delinquent accounts that require legal proceedings on a regular basis.
  • Monitor the provisions made on bad debts and ensure that the institution is compliant with the BOU regulations
  • Follow up and ensure that all recoveries from written off loans are properly booked and reconciled on a regular basis.
  • Carry out periodical visits to delinquent customer’s securities and advise management on the condition of the security.


Qualifications, Skills and Experience:
  • The applicant for the Finance Trust Bank (FTB) Recovery Officer job opportunity should hold a Bachelor’s degree from a recognized University.
  • Diploma in Legal practice from Law development Centre is an added advantage.
  • At least three years’ experience in Credit management or debt collection gained from a financial institution or a busy debt recovery firm.
  • High Level of Integrity.
  • Ability to work well under pressure.
  • Good negotiation skills.
  • Willingness to frequently travel upcountry.

How to Apply:
All suitably qualified candidates should address their applications to Head, Human Resource, Finance Trust Bank, Plot 115 & 121, Katwe. P.O. Box 6972, Kampala, Uganda, and email it to jobs@financetrust.co.ug as well as photocopies of academic testimonials, a CV with at least three reference contacts, including the most recent employer, and telephone number.

Deadline: 28th January 2019

For more of the latest jobs, please visit http://www.theugandanjobline.com or find us on our facebook page https://www.facebook.com/UgandanJobline




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