Debit Recovery Manager

Skills and Experience
5 Years relevant work experienceEducation
Bachelor Of Business

Responsibilities

Project relevant trends that affect the collectibles of the portfolio and isolate potential problem areas Monitor loan repayments globally and initiate/recommend course of action Instruct and Follow up with External Service providers on NPA matters i.e. Debt collectors, auctioneers etc.

Extract, confirm and transmit CRB information to licensed Credit Reference Bureau Conduct client visits (on a need basis) and telephone calls to follow up on payments from NPA debtors.

Report on NPAs (Write offs, Collections, Security Cover etc.) on a regular pre-determined basis and provide information for CBK reporting Ensure one day arrears management for all disbursed loans is fully executed.

Ensure a record is maintained with track of all the recovery progress for all loans in arrears Ensure weekly arrears reports are prepared for all the branches and follow with them to ensure full repayment.

Ensure demand letters are prepared and ensure that they are forwarded to the defaulting customers.

Ensure reports are prepared and recommendations made on bad debts to be written-off to the management for approval.

Ensure an up to date register on loan related insurance claims is maintained and ensure prompt reimbursement from underwriters.

Monitor debt collection response cycles and contacts as well as credit control performance

Manage resource scheduling and the determination of priority of work and procedures to maximize production output and success levels.

Report and monitor all risks associated with debt recovery Generate compliance reports for use in decision making and performance appraisals Monitor, on a continuous basis, all transactions to ensure that unusual and suspicious transactions are reported to the Money Laundering

Reporting Officer (MLRO) Implementing and enforcing the board approved AML, KYC & CFT policy in as far as is applicable within debt recovery.

Do any other duties that may be assigned by the Management.

Job Requirements
Required education

Required relevant work experience

Required languages: