I&M Bank Uganda is a commercial bank headquartered at Kingdom Kampala 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. We are seeking to recruit a competent and highly motivated individual with extensive experience and abilities to support business growth in the following position:
JOB TITLE: Manager Collections and Recoveries
LOCATION: HEAD OFFICE
REPORTS TO: HEAD OF CREDIT
JOB PURPOSE
Manage the Recoveries team, drive performance of collections and recoveries, ensure effective management of the bank’s delinquent accounts, recommend, and implement remedial action for purposes of minimizing risk of credit loss to the Bank.
KEY RESPONSIBILITIES:
• Effectively manage the Recoveries team of the Bank
• Ensure satisfactory Collections and Recoveries performance in line with the Bank’s set agenda.
• Regularly review the delinquent accounts/portfolio of the bank and develop strategies for timely remediation, collection or recovery.
• Liaise with internal and external stakeholders to ensure effective and efficient collection and recovery efforts.
• Ensure that documentation and securities of the non-performing and written off portfolio are in place and up to date.
• Participate in credit governance meetings to proactively identify and/or recommend accounts that require closer monitoring by the Recoveries & Collections team.
• Ensure compliance with prudential and internal policy classification and impairment requirements in the non-performing assets book.
• Coordinate preparation and presentation of regular Collections and Recoveries portfolio reports to stakeholders.
• Review all reports for accuracy and completeness and ensure timely submission to the various
Minimum Education Qualification:
• Bachelor’s degree in Finance, Business, Accounting, Economics, Statistics, or any other relevant field.
• A qualification in Law will be an added advantage.
Work Experience:
• At least 5 years working experience in a recoveries and collections role with a financial institution or other institution involved in debt recovery, with at least 3 years experience at supervisory level.
Required Competencies (Knowledge, Skills & Abilities)
• Patience and resilience.
• Relationship Management.
• Financial analysis.
• Report writing Familiarity with state debt collection laws.
• Knowledge of payment plans and accounting procedures.
Job application procedure
Note: Deadline for this job posting is 16 April 2024 at 5:00pm and only shortlisted candidates will be contacted.
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More Information
- Address Kampala, Uganda, East Africa
