Summary
Date Posted: Monday, October 28 2024, Base Salary: Not Disclosed

JOB DETAILS:
Job Purpose
To ensure collection of all arrears due on customers loan balances through efficient and use of alternative collection methods. Maintain a high quality performing loan book through effective off-payroll recoveries.

Job Responsibilities
1. Follow up with clients with overdue balances.
2. Maintain up to date customer list in default with the current information and customer’s contact details including next of kin details;
3. Write demand letters to inform customers of their overdue loan balances and follow up on repayments as agreed with the customers;
4. Ensure that all defaulting customers receive signed demand notices and acknowledge receipt;
5. Identify root causes of defaults through communication with the customer and employer and establish the right strategy to recover the overdue amounts.
6. Achieve allocated monthly collection targets as provided month on month.
7. Profiling of all non-performing loans and establish the correct strategy to recover e.g. external debt collectors, insurance claims, DDAC mandates etc.
8. Constant monitoring of the loan portfolio for timely identification of loans in arrears
9. Provide weekly consolidated reports on the recoveries to the Supervisor.
10. Negotiate payment plans/schedules with customers in line with their financial situation or capability.
11. Ensure compliance with all credit approval processes and procedures

Requirements:
1. Grade 12 School Certificate
2. Degree in Banking and Finance/Accounting/Business administration from a reputable recognized institution.
3. Minimum of 2 – 3 years of experience in a credit-related role is an added advantage.
4. Sound knowledge of industry best practices in debt recovery.

Work Hours: 8

Experience in Months: 24

Level of Education: Bachelor Degree

Job application procedure
Interested in applying for this job? Click here to submit your application now.
• Interested Applicants who meet the job requirements should e-mail their CV’s to recruitment@mfz.co.zm . Only shortlisted candidates will be contacted.
• To apply for this job please visit careers.mfz.co.zm.

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