Vacancy title:
Collections Officer

[Type: FULL_TIME, Industry: Business Management and Administration, Category: Admin & Office]

Jobs at:
Exim Bank

Deadline of this Job:
Monday, April 21 2025

Duty Station:
Corporate Office | Dar es Salaam | Tanzania

Summary
Date Posted: Monday, April 14 2025, Base Salary: Not Disclosed

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JOB DETAILS:

Job Description

Monitoring, buckets movement and collections of unclassified and classified loan accounts under retail loan books.

Roles & Responsibilities

• Management of delinquent portfolio in the Bank’s Lending Book, comprising mainly of Personal loans and Insurance Premium Financing (IPF), SME Loan, and any other product.
• Undertaking collection processes, including debt repayment arrangement negotiations or the use of alternative collection techniques namely, demand letters, skip tracing and visits.
• Formulation of strategies for successful collection and reduction in non-performing loans. This will be achieved through setting monthly targets and measuring performance vis-vis targets at the end of each month.
• Preparation of monthly collection and/or recovery reports.
• Liaising with external parties such as executives or representatives of defaulting borrowers, legal firms, court brokers, debt collections bureau/agents, firms specializing in search and identification of clients’ addresses, properties and the courts, in the process of recovery of non-performing loans.
• Undertake the analysis of NPL’s repayment trend considering monthly arrears reports to determine whether there is improvement or further deterioration, calling for immediate action.
• Give guidance and advice on collection and recovery processes of retail loans.
• Monitoring, tracking and advising the responsible Relationship Managers [RMs] on all retail debtors that appear on the arrears list.
• Handling of various audits including external and internal
• Make sure all calls are well documented in the collect system.
• Identify account potential for restructuring and ensure communication to respective customers regarding restructuring proposals, payment of installments once restructured.
• Timely identification and communicating with the collection Manager for all accounts qualifying for prudential write-off.

Work Hours: 8

Experience in Months: 24

Level of Education: bachelor degree

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