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Job Title: Collections Officer
Job Level: Intern
Reports To: Recovery Manager
Overview:
Financial Responsibility: N/A
Leadership Responsibilities: N/A
Purpose of Role: Responsible to ensure the bank’s delinquent portfolio is kept at the most minimal level through proactive approaches in line with the bank’s overall strategy
Duties &Accountabilities
• Monitor and review loans performance for the purpose of identifying potential or existing credit losses
• Analysis of the customers’ files, financials, call reports and other reports with a view of developing the rescue plan of the facilities with symptoms of non performing.
• Initiate efforts for and engage in the commercial recovery exercises for stagnant facilities.
• Execution of the collection exercise on the past due customers
• Ensure the coordination of the issuance of notifications regarding the arrears, overdrawn amounts, expired credit lines and maturity of letters of credits
• Work in close liaison with RO/RMs to review and analyse daily reports e.g. Arrears report, exception reports
• Undertaking the monthly portfolio review and submit progress report from time to time
• Undertaking quarterly stress testing of the portfolio
• Preparation of monthly Performance and Sectorial Concentration reports
• Identify and recommend the accounts for early downgrading
• Any other duties as assigned by line manager
Qualifications and Experience/skills Required:
• Degree in Banking, Commerce, Finance, Economics, or any other related field
• Experience in banking or financial institution operations
• Proficient in Microsoft office applications
• Good communication and interpersonal skills
• Ability to mitigate and prevent risk occurrences
• Good analytical and decision-making skills
Barriers to Success in Role:
• Lack of Credit knowledge
• Lack of Microsoft office skills
Mode Of application:
Human Resource Manager,
DCB House,
P.O Box 19798,
Dar Es Salaam.
