Main Responsibilities
Recovery Management:

• Assess the situation of late payment to facilitate speedy customer in the payment.Â
• Ensure that 50% of clients in Par 1-90 portfolio are contacted.
• Ability to conduct proper portfolio handover.
• Ensure that all correspondence / information are requested and received from responsible Client Officers and kept in the clients file.

Asset seizure / sales:

• Ability to successfully conduct assets seizure independently.Â
• Ensure proper documentation of the seized item and immediate storage of the same.Â
• Maintain good communication with the Head of Recovery if challenges occur during seizures and also work with him to fix prices of the items in line with the banks policy.Â
• Ability to coordinate seizures systematically with sales to ensure that the sales of the items can cover for the total outstanding debt.

Arrears Portfolio Management:

• Conduct Portfolio segment analysis to identify risky segments and potential methods of recovery of the debt.Â
• Ability to Follow up on pending payment agreements with default clients and reach negotiated agreements with them.Â
• Identify challenges in own portfolio and discuss same with the Head of Recovery with the objective of overcoming the challenges to recover the debt.Â
• Identify and analyse portfolio to determine root causes of default and propose the best method of recovery of the loan.Â
• Ensure that very difficult cases at least 5 per week are brought to the attention of the weekly arrears committee meeting for a concerted effort towards debt recovery.

Reduction of Loan restructuring, Loan refinancing and Loan write-offs:

• Ability to react proactively to unhealthy and risky portfolio thereby saving the institution of losses.Â
• Conduct prompt follow up on all parties leading to a jointly negotiated settlement and reduction of losses.Â
• Look for innovative ways to get loan repayment other than restructuring, refinancing and write-offs.Â
• Reduce write-off projections for own portfolio by 30% monthly.Â

Generic Responsibilities
Quality control and production arrears management:Â

• Ensure the recovery of written off loans.Â
• Monitor customer file and late payment in arrears.Â
• Perform reminders by telephone, mail or in the field of late payment by customers.Â
• Apply debt collection procedures to unpaid instalments.Â
• Maintain close contact with customers when necessary and feasible.Â
• Achieve given recovery targets.Â
• Negotiate a new schedule in case of actual difficulty of the customer found.Â
• Ensure recovering unpaid instalments is in accordance to the banks’ policy.

 Controls:

• Checking past due notices / other client correspondence / letters.Â
• Monitoring customers’ compliance to timeline.

Requirements

• Candidates should possess relevant qualifications with 3 – 4 years experience.