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
How to Apply:
All suitably qualified and interested applicants should apply online at the link below.
I am a team player who is committed to learning, excellence, ethics and people, also an excellent communicator with great interest in technology innovations, branding and communications for Business and passion for community service and positive change.