Thursday, 16 June 2016

Job Opportunity at Workforce Management & Consultancy Ltd, Application Deadline: 21 Jun 2016

Job Description
Job title: Unit Head Recovery
Location: Dar es Salaam
Reporting to: Head of Credit
Client: Banking
Role Purpose
Responsible for coordination and implementation of the restructuring and recovery activities for
the Non-Performing Loan portfolio of the bank

Responsibilities & duties

  • Initiate and develop restructuring and recovery strategies towards reduction of nonperforming loans (NPL) levels as targeted by bank’s management.
  • Management of non-performing loans to ensure credit and other risks are properly
  • identified and assessed with specific focus on top 20 largest NPLs.
  • Supervise, guide and manage the On-balance sheet and Off-Balance Sheet Credit Recovery Teams.
  • Managing the NPLs committee meetings and acting as secretary to the committee.
  • Liaison with Legal Department and external advocates to ensure recovery cases lying in the courts are progressed to completion.
  • Provide professional judgment to ensure proper impairment level/provisions is taken consistent with BOT/IFRS regulations/guidelines and bank’s internal policy
  • Develop general framework for collections and recoveries of all bank’s loan products.
  • Coordinate and manage all banks appointed external agencies (debt collectors, auctioneers, receiver managers, lawyers etc.) and other third party vendors.
  • Supervise and coordinate preparation/submission of statutory and regulatory reports required by the bank.
  • To provide professional business support to resolve challenges faced by stressed clients.
  • To review and recommend loan write-off and abandonment in accordance with BOT regulations and provide recommendation for Board approval.
  • Quarterly credit portfolio review and monthly review of loan portfolio quality report and make recommendations for corrective measures.

Academic qualifications

  • Bachelor’s Degree Finance, Economics/Accounting, law
  • Professional Qualifications CPA (T) CPB
  • Additional qualification: Master’s Degree Business Administration

Applications: Send your CV through;
Deadline: 21st June 2016