Tujijenge Tanzania Jobs 2021 | Recovery Officer Jobs 2021, loan officer jobs in tanzania, recovery officer job description, 2021 debt recovery officers vacancies, finance jobs in tanzania 2021. Check also: RTI International Jobs 2021 | Monitoring & Evaluation Manager Jobs
Tujijenge Tanzania Jobs 2021 | Recovery Officer Jobs 2021
POSITION: Recovery Officer: 4 posts
REPORTING: Branch Manager
LOCATION: Dar es Salaam
Job Summary:
Recovery Officer is to manage an assigned portfolio of loans in default using the TUJIJENGE loan collections and recovery framework.
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- Regularly review loans in default and initiate plans/strategies for recovery of those loans
- Make recommendations to branch manager about the likelihood of recovering loans in default and whether legal action will be required;
- Appraise and assess bad loan situations, prepare reports for the recovery manager and follow up cases of bad loans handled by bailiffs, auctioneers and lawyers
- Track and analyse causes of and trends in loan delinquency and recommend appropriate corrective strategic actions
- Ensure the PAR >30 ratios do not exceed 5%.
- Master and ensure appropriate implementation of the TUJIJENGE loan collections and recovery framework protocols including department networking and skip tracing methods
- Appropriately and effectively apply the protocols to work the loans in default as assigned
- Display a persuasive and professional manner while encouraging borrowers and/or guarantors to repay their loans in a timely manner as contractually obligated.
- Regularly locating/relocating, identifying and seeking contact with borrowers/guarantors in default(i.e. by personal visits, telephone or mail etc.) to remind them of their obligations and/or discuss and effect resolutions to their delinquency problems (i.e. payment, renegotiation, collateral seizure etc.) while simultaneously endeavouring to build and maintain good customer relationships
- Completing and recording (collection activity report) regular borrowers in default contact and analysis/re-analysis of financial status followed by a comprehensive agreement for repayment of the loan/arrears
Job Requirements:
- A Diploma/Bachelors Degree or Masters in business administration, accountancy, finance or any relevant filed.
minimum of four years of loan collections and recovery experience in the financial services sector - Strong people/relationship skills
- Excellent oral and written communication skills in English and Kiswahili.
Interested in this position please Send your CV and cover letter to recruitment@tujijenge.or.tz
The deadline for submitting the application is 07 August 2021.
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