Supervisor Credit Recovery job at Pride Bank Limited (PBL) | Apply Now

Plan, coordinate and lead the recovery of delinquent loans in line with the debt recovery policies and procedures.

To ensure proper management of assigned credit facilities in default in such a way as to ensure that loss to the Bank is minimized, controlled or avoided.

To review the delinquent portfolio thoroughly to ascertain the causes of the default and recommend remedial action.

Classify the existing and future delinquent accounts into Watch and Problematic / sticky [non-performing].

Assign accounts to external debt collectors upon approval.

Where the accounts have been identified as non-performing, immediately initiate proceedings in close coordination with Legal department, external lawyers and external debt collectors.

Liaise with regional and branch Management teams to coordinate and implement recovery of written off and non-performing loans in line with bank policy and procedure.

Prepare regular reports [with recommendations] on accounts identified for close monitoring and for further recovery action on an ongoing basis and forward them to Departmental and Department al heads.

Train and guide staff on the best practices in the recovery of delinquent loans.

Negotiate with Debtors and ensure that the Debtors repay the bad debts at a lowest cost to the Bank.

Managing contracts between the bank and other persons/institutions providing debt collection services like auctioneers, bailiffs, valuers, insurers and lawyers and monitoring compliance thereof and providing recourse options for non-performing contractors.

Supervise sale of pledged assets and ensure that all amounts in default are paid after settling the outstanding obligations are paid back to the borrower.