Recovery Loan Officer , Maendeleo Bank PLc

Recovery Loan Officer(1position)

Job Summary: .. .
Reporting to Credit Manager, the Recovery Officer is responsible for taking an active parting making sure that all overdue clients within loan portfolio are clearing their debts.

Minimum Qualifications and Experience Required:
Higher education (e.g. Bachelor Degree, Ordinary Diploma), preferably in economics and/or finance;
Successful participation in the "Recovery Training Course"; Ability and willingness to work in a team;
Computer literacy; Word, Excel, Fluent in English and Swahili Experience in Banking/ Financial institution will be an added advantage

Skills and Attributes:
Self Motivated with professional integrity , possess good inter personal skills and effective organizational skills
Key Accountabilities
On a daily basis, the Recovery Loan Officer must monitor portfolio in the Bank's software i.e. BR.NET through programation of repayment
Responsible for the portfolio mat has been handed over to him. This portfolio consists of both - clients that are' not in arrears and overdue clients. The core tasks are to ensure that a) clients do not fall in areas , that b) short term arrears are being immediately followed upon (visit to client and related parties on the very first-day of the arrear) 'and c.) that longstanding arrears, are being recovered according to the set of regulations as stipulated in' the credit procedures and recovery guidelines.
Perform all necessary recovery measures in case of overdue clients as stipulated in the credit policy/credit procedures of the' Bank and t~atare being requested from him by hi~ supervisors .
Fulfill targets With respect to the reduction of the number and amount of his outstanding(problematic) portfolio. In all cases which require legal advice and assistant as stipulated in the credit policy of the 'Bank, -the Recover Loan Officer must work closely with the Bank's lawyer.
In case of loan rescheduling; the Recovery Loan Officer must visit home and business place of the Client in order to collect all 'necessary information needed for a professional assessment and analysis.
The Recovery Loan Officer must work closely with Credit Administrator in order to ensure proper preparation of documentation for loan rescheduling.
The Recovery Loan Officer ensures that the collateral (s) is fare formalized and other conditions where applicable as stipulated in the credit Policy of the Bank
Prepare and send weekly recovery report to the Credit Manager showing the status of portfolio, and future plans of overcoming problematic clients .
Aim constantly to make suggestion for improvement of the Bank's recovering activities.
When required by the Management to take an active part in the Recovery Committees; i.e. scrutinizing critically the presented recovery proposals make suggestion for successful recovery actions .
Good knowledge of the Bank's credit procedures and Recovery guidelines.
Ensuring confidentiality of documentation, proper handling of, Bank equipment's and properties; and data concerning the Bank's clients .'
Attending to any other duties as may be assigned to him /her from time to time.

Candidates meeting the job requirements shall submit a written application together with a detailed curriculum vitae so as to reach the under signed latest by 18th December 2015.Applicants shall indicate their postal address, e-mail address and telephone numbers (both mobile and land line). They shall also submit two names of referees with their contacts who shall be contacted for reference.

NB: 1. All applicants MUST indicate the post applied on the subject matter.
All applications should be sent electronically through hr@maendeleobank.co.tz 

Only shortlisted candidates shall be contacted