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Recoveries officer Job Vacancy at I&M Bank

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I&M Bank Uganda is a commercial bank headquartered at Kampala Road plot 6/6A with a growing regional presence.  The Bank offers a wide range of commercial banking and financial products and services, and prides itself on introducing innovative products and services based on the needs of its customers. We are seeking to recruit a competent and highly motivated individual with extensive experience and abilities to support business growth in the following position:

JOB TITLE: RECOVERIES OFFICER

LOCATION:  KAMPALA

REPORTS TO: TEAM LEADER, COLLECTIONS & RECOVERIES

SUPERVISES: NONE

JOB SUMMARY

  • To manage the bank’s delinquent accounts by recommending and/or implementing remedial action for purposes of minimizing credit loss through rehabilitating or recovering from such accounts.

KEY RESPONSIBILITIES

  • Review the assigned delinquent accounts/portfolio to ascertain the causes of the default and recommend remedial action.
  • Ensure that facility documentation and securities of the managed portfolio are up to date.
  • Initiate and ensure viable remediation effort is undertaken to rehabilitate and/or recover from assigned client portfolio.
  • Participate in credit governance meetings to identify and/or recommend accounts that require closer monitoring under Recoveries & Collections.
  • Recommend accounts to be transferred to external service providers to support/ further management.
  • Update assigned clients’ files with the relevant recovery efforts.
  • Submit regular reports on updates on accounts in portfolio to Supervisor.
  • Prepare updates for monthly Recoveries meetings and ensure that such reports are submitted in a timely manner.

MINIMUM EDUCATION QUALITIFCATIONS:

  • First degree in any discipline with a minimum of a second class upper.
  • Professional qualification and post-graduate qualification (or in progress) in a business-related Field is a Must.

WORK EXPERIENCE:

  • A minimum of 2-3 years cognate experience

REQUIRED COMPETENCIES (Knowledge, Skills & Abilities):

  • Analytical and Investigative skills
  • Excellent communication Skills.
  • Sound understanding of banking industry
  • Knowledge and understanding of FIA
  • Good understanding of the business and macro – economics landscape
  • High integrity

Note: Deadline for this job posting is  28th June 2022 at 5:00pm and Only shortlisted candidates will be contacted.

Click Here to Apply

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