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Job Summary
Job Title:
Manager Collections and Recoveries
Employer:
I&M Bank Uganda
Location:
Country:
Contract Type:
Full-time
Job Category:
Bank Jobs
Number of Positions:
1
Deadline:
Thursday, 16 May 2024
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Manager Collections and Recoveries job at I&M Bank Uganda | Apply Now
Kampala, Uganda
I&M Bank (Uganda) Limited, established in 2021 following the acquisition of a 90% stake in Orient Bank Limited, operates as a subsidiary of I&M Group Plc, a prominent East African financial services conglomerate.
The bank's mission is to empower prosperity by delivering innovative financial solutions, guided by core values of trust, integrity, respect, courage, and innovation. With a growing presence in Uganda, I&M Bank offers a comprehensive suite of banking services, including retail, corporate, and SME banking, supported by a robust digital banking platform to enhance customer convenience.
The bank fosters a dynamic work culture that emphasizes employee development and values diversity, offering various job opportunities that align with its commitment to excellence. I&M Bank actively engages in corporate social responsibility initiatives focused on education, health, and environmental sustainability, aiming to make a positive impact on the communities it serves. For more information, visit their official website at www.imbankgroup.com/ug.
Are you looking for Finance Jobs in Uganda 2024? If yes, then you might be interested in Manager Collections and Recoveries job at I&M Bank Uganda
Full-time
Deadline:
16 May 2024
Manager Collections and Recoveries job at I&M Bank Uganda
I&M Bank Uganda
Job Description
Duties, Roles and Responsibilities
Qualifications, Education and Competencies
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.
See all details of the qualifications, competencies and education for this role under the "How to Apply" section below.
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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
SERVICES
COMMERCIAL
SERVICES
INDUSTRIAL
SERVICES
RESIDENTIAL
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.
APPLICATION FOR THIS POSITION MUST BE DONE ONLINE:
Are you interested? Click the "APPLY" button below to submit your application.
