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Manager Collections and Recoveries job at I&M Bank Uganda
Job Description
About the Organization:
Manage the Recoveries team, drive performance of collections and recoveries, ensure effective management of the bank’s delinquent accounts, recommend, and implement remedial action for purposes of minimizing risk of credit loss to the Bank.
I&M Bank Uganda, formerly Orient Bank, whose complete name is I&M Bank Limited, is a commercial bank in Uganda which is licensed by the Bank of Uganda, the central bank and national banking regulator
Organization:
Duties and Responsibilities
Effectively manage the Recoveries team of the Bank
Ensure satisfactory Collections and Recoveries performance in line with the Bank’s set agenda.
Regularly review the delinquent accounts/portfolio of the bank and develop strategies for timely remediation, collection or recovery.
Liaise with internal and external stakeholders to ensure effective and efficient collection and recovery efforts.
Ensure that documentation and securities of the non-performing and written off portfolio are in place and up to date.
Participate in credit governance meetings to proactively identify and/or recommend accounts that require closer monitoring by the Recoveries & Collections team.
Ensure compliance with prudential and internal policy classification and impairment requirements in the non-performing assets book.
Coordinate preparation and presentation of regular Collections and Recoveries portfolio reports to stakeholders.
Review all reports for accuracy and completeness and ensure timely submission to the various
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I&M Bank Uganda
Bachelor’s degree in Finance, Business, Accounting, Economics, Statistics, or any other relevant field.
A qualification in Law will be an added advantage.
Work Experience:
At least 5 years working experience in a recoveries and collections role with a financial institution or other institution involved in debt recovery, with at least 3 years experience at supervisory level.
Required Competencies (Knowledge, Skills & Abilities)
Patience and resilience.
Relationship Management.
Financial analysis.
Report writing Familiarity with state debt collection laws.
Knowledge of payment plans and accounting procedures.
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Qualifications and Experience
How to Apply:
Deadline for Application
16 May 2024
APPLICATION FOR THIS POSITION MUST BE DONE ONLINE:
Are you interested? Click the "APPLY" button below to submit your application.
16 May 2024