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Recovery & Remedial Officer at United Bank for Africa (UBA) 

Recovery & Remedial Officer at United Bank for Africa (UBA) 

United Bank for Africa (UBA)

Dar es Salaam

Position: RECOVERY & REMEDIAL OFFICER

Location : Head Office

Email subject: RECOVERY & REMEDIAL OFFICER, JANUARY 2024

Deadline: 21st January 2024

JOB OBJECTIVE(S)

  • Supervise Recovery & Remedial Activities in the Bank
  • Review of Memorandum and Non- performing loan data base
  • Ensure restructuring of non-performing loan into performing status Early resolution of problem loans and fraud related accounts

DUTIES & RESPONSIBILITIES:

  • Achieve recovery target in line with advised budget.
  • Supervise and implement appropriate restructuring strategies for the bank.
  • Work with business team to ensure early intervention on potentially “bad” credits by packaging suitable work out proposals.
  • Meetings with customers to assist customer towards resolution of problem loans
  • Ensure that restructure proposals improve the credit by ensuring concrete repayment source and improved monitoring.
  • Review and analyze restructure requests from Business Offices and departments and preparation of restructure proposals.
  • Interface with Legal department on collateral strengthening
  • Preparation of restructure proposals as well CACOMs to communicate approval.
  • Performing prompt identification of unauthorized balances and quick contact to the branch roles in respect of newly created PDOs by reviewing the Branch’s portfolio weekly and relationship officers.
  • Regularly monitors performance of Collection and Recovery Agents to ensure accounts assigned to them are fully recovered.
  • Coordinate the Monthly Criticized Accounts (CAC) meetings for the Subsidiary
  • Preparation of monthly activity reports to Recovery & Remedial Management, CCO and Country MD/CEO.
  • Daily call memo and progress reports on negotiations with customers in respect of the repayment of their loans
  • Referral of accounts for recovery intervention. Recovery intervention includes negotiations/meetingswith customers who want loan workout options such as refinancing, rescheduling, and restructuring.

KEY PERFORMANCE INDICATORS

  • Net Recoveries Vs Budget
  • Efficiency of loan recovery effort (cost of recovery as a % of remedial loan balance recovered)
  • Proficiency on coordinating the restructuring and workout of problem loans Effectiveness in managing the activities of Remedial Mgt.
  • Collections made on restructured accounts
  • Effectiveness at executing scheduled and adhoc assignments

JOB REQUIREMENTS:

Education: Bachelor (Business related degree/Accounting/Law/ Science etc.)

Experience: 3 years banking experience with over 2 years in Risk Management with one year in Remedial Management functions

KEY COMPETENCY REQUIREMENTS

Knowledge Skills/Competencies

  • General branch operations . . Risk Mgt./Credit Analysis . . Debt Recovery & Remedial Mgt –
  • Loan documentation
  • Collateral Documentation . & perfection process :
  • Good customer relation
  • Knowledge of loan recovery function Good communication & effective reporting skills
  • Basic banking operations knowledge Good negotiating skill
  • Good understanding of business/working capital cycles.
  • Numerate/qualitativeAptitude Creativity/Responsiveness

How to Apply:

Qualified candidates MUST send their CV & Cover Letter attached with all academic certificates. All applications MUST be sent electronically through: Email: recruitment.tanzania@ubagroup.com

 

Credit Administration & Monitoring Officer at United Bank for Africa (UBA)

Credit Administration & Monitoring Officer at United Bank for Africa (UBA)  

United Bank for Africa (UBA)

Dar es Salaam 

CREDIT ADMINISTRATION & MONITORING OFFICER

Location : Head Office

Email subject: CREDIT ADMINISTRATION & MONITORING OFFICER

Deadline: 21st January 2024

JOB OBJECTIVE(S)

To maintain an independent control and ensure presence of balanced mix of compliance with local policies, group policies and the Central Bank’s procedures and policies guidelines over:

The total credit portfolio

  • The related securities and other sanction covenants/conditions
  • Management and preparation of Credit Management Information reports and other returns
  • Providing administrative support to Credit /Risk Management.
  • Ensure compliance with Regulatory guidelines reporting requirements regarding Credit Risk
  • Ensure acceptable security documentation standards as per Group requirements are maintained at all times including filing.

DUTIES & RESPONSIBILITIES:

  • Mitigate operational risks by managing the end to end back office processes and overseeing a wide range of operational activities before and post disbursement of credit facilities to protect the financial strength and the reputation of the bank.
  • Review all approval conditions and collate all legal documentation required before disbursement of each credit facility to ensure compliance as per credit approval and customer’s accepted offer letter.

DUTIES & RESPONSIBILITIES (CONTINUED):

  • Ensure all pre-disbursementconditions including fee/charges and insurance payments are met before disbursement of credit facilities.
  • Ensure offer letters are dully executed by the customers.
  • Security documents are fully executed with registered Bank’s interest as it may apply.
  • Ensure Credit availment tickets (CAT) are well prepared for each facility to be booked with appropriate contents for final approvals and manage drawdown/disbursementof approved facilities.
  • Extract, coordinates analyze and interpret credit portfolio information for relevant audience, these include regulatory reports and Management Information reports.
  • Daily monitoring of arrears/excess over the limits if any on accounts that are normal & in watch-list categories together with branches and recommending suitable actions thereof.
  • Ensure all required reports for Central Bank, Board and Group are having appropriate contents and are timely submitted, no delays.
  • Regularly review insurance policies for credit facilities and ensure that properties, equipments and inventories held by the bank are properly insured all the time.
  • Responsible for daily monitoring of credit exposures and enforcing compliance with covenants, any adverse movement should be promptly escalated to the Chief Credit Officer or relevant authority.
  • Own the valuation process for the bank’s collaterals and thus responsible for management of the bank’s panel of professional valuers.
  • Responsible for instructing valuers to carry out professional valuations and tracking/monitoringof valuation reports for existing credits to ensure that they are always up to date as per policy requirements.
  • Responsible for risk classification of accounts as per BOT guidelines monthly and quarterly and input of the same in the system and ensure they reconcile with remedial and Finance numbers.
  • Responsible for risk classification of accounts as per IFRS 9 requirements monthly and quarterly and input of the same in the system and ensure they reconcile with remedial and Finance numbers.
  • Manage Reconciliation of General ledger accounts including suspended Interest accounts and provisions monthly.
  • Follow-up of annual reviews/renewals of overdraft facilities and ensuring this is done by branches on time i.e. 3 months before expiry. Keeping a review calendar.
  • Monitoring of settlement of Temporary overdrafts/Temporaryapproved excesses to ensure timely repayments.
  • To attend to branches/borrowers’queries on interest calculations and other system related queries
  • Manage site visits/collateral inspection reports.
  • Timely and regular submission of credit data to data bank and remain in charge of credit reference agencies and respective processes
  • Maintenance of ticklers (insurance, CACOM expiries, OD limits, documentation deferrals etc.)
  • Custodian of all credit files and updating them accordingly.
  • Ensuring that the bank achieves an audit rating that is acceptable or better in all credit reviews
  • Attend to all other duties and responsibilities as will be assigned by Management

KEY PERFORMANCE INDICATORS:

  • Net Recoveries Vs Budget
  • Efficiency of loan recovery effort (cost of recovery as a % of remedial loan balance recovered)
  • Proficiency on coordinating the restructuring and workout of problem loans Effectiveness in managing the activities of Remedial Mgt.
  • Collections made on restructured accounts
  • Effectiveness at executing scheduled and adhoc assignments.

JOB REQUIREMENTS:

Education: Bachelor Degree (Business related degree/Accounting/Law/ Science etc.)

Experience: 3 years banking experience with over 2 years in Credit Administration & Monitoring/ Credit Risk Operations.

KEY COMPETENCY REQUIREMENTS:

KNOWLEDGE:

  • In-depth knowledge of lending products and best practices in core banking systems.
  • Knowledge and experience in modern Credit Risk Management practices in Financial Services industry to provide visionary guidance on improvements and changes.
  • Knowledge and effective application of all relevant banking policies, processes, procedures and guidance to consistently achieve required compliance standards or benchmarks.
  • Knowledge of Loan & Collateral Documentation as well as the perfection process.

SKILL/COMPETENCIES:

  • Interpersonal skills to effectively communicate with and manage customer expectations (internal and external), and other stakeholders who impact business performance
  • Technical skills to effectively perform or guide performance of Credit Risk
  • Management activities/tasks in a manner that consistently produce high quality of service
  • Good communication skills
  • Self-motivated to enable implementation of open communication, teamwork and trust that are needed to support performance and customer-service oriented culture.

How to Apply:

Qualified candidates MUST send their CV & Cover Letter attached with all academic certificates. All applications MUST be sent electronically through: Email: recruitment.tanzania@ubagroup.com

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