Vacancy title:
Collection and Recovery Manager

Jobs at:
Amana Bank

Deadline of this Job:
21st September 2018

Duty Station:
Dar es Salaam, Tanzania

Summary
Date Posted: 12th September 2018 , Base Salary: Not Disclosed , Employment Type: Full-Time

In pursuit of Amana Bank's mission of providing tailored financial solutions to our market;

JOB DETAILS:
we are looking to fill a job opening with an enthusiastic, motivated and result oriented candidate who is. eager to show case his/her capabilities.
We are currently seeking COLLECHONS AND RECOVERY MANAGER

Principle responsiblities

• Implementation of the credit monitoring and recovery procedural manual to contain credit risk within acceptable parameters.
  
• Provision of adequate management information regarding the performance of outstanding loan facilities with view of maintaining sound, balanced and quality loan portfolio.
  
• Actioning all identified credit control events and defaults, in order to reduce the roll rate of nomperforming loans into lock up portfolio by providing a prompt and orderly turnaround environment in which controls can be exercised to ensure that the bank is not faced with avoidable losses.
  
• Manage Pre
  
• NPLs (Non-Performing Loans} i .e loans that are past due between 1-90 dav and NPLslNon-Performing Loans I that are past clue for over 90 days.
  
• Formulating and implementing proactive, efficient arid cost effective NFL recovery stratege and plans to ensure good quality loan portfolios.
  
• Manage loan default and written off facilities by undertaking daily monthly nalysis and reporting issuesrexceptions/severity to Head of Credit
  
• Examining restructuring and rescheduling requests and make recomandations to the appropriate committees to enable maximum NPL recovery;
  
• Liaising with external parties such as lawyers. auctioneers and debate collectors
  
• Evaluating the performance of the Bank external parties asned recovery cases.
  
• Ensuring a healthy portfolio by minimizing the Delinq '0 Ratio to acceptable level.
  
• Work closely with Heads of departments, relationship managers and concerned committees to ensure effective communication on credit monitoring and recove es procedures.
  
• Conduct annual review of collaterals information and documents of highest risk accounts for timely regularization of identified anomalies
  

Qualification and key competency requirements

• Bachelor's Degree in any fields from a recoganized institution
  
• Must understand and agree with the bank Mission, Vision and core values
  
• Demonstrate high level of ethical commitment and trustworthiness.
  
• Strong knowledge of credit risk system and processes.
  
• Ability to develop collection and recovery strategies.
  
• Computer literacy- Excel MS Word and Power Point.
  
• Knowledge of Legal frameworks.
  
• Ability to work under pressure.
  
• Great Interpersonal Skills
  

Experience required
A minimum of 3 years working experience in a credit management function, specifically in the area of loan collections and recovery in a Bank or MFI

Job application procedure
Interested candidates must submit their application through our link www.amanabank.co.tz/human-resources/human-resources