Recoveries Officer Job – I&M Bank Uganda

Job Title:   Recoveries Officer (Fresher Job Careers)   

Organisation: I&M Bank Uganda

Duty Station:  Kampala, Uganda

Reports to: Team Leader, Collections & Recoveries

About US:

I&M Bank is a leading banking and insurance group in Eastern Africa with a presence in Kenya, Mauritius, Rwanda, Tanzania and Uganda. 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.

Job Summary:  The Recoveries Officer will 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 Duties and 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.

Qualifications, Skills and Experience:

• The applicant must hold a 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.
• Two to three years of related work experience
• 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

How to Apply:

All suitably qualified and interested applicants should apply online at the link below.

Click Here

Deadline: 4^th June 2023

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