Summary
Date Posted: Friday, February 12, 2021 , Base Salary: Not Disclosed

JOB DETAILS:
Reports to: Chief Investment Officer
Job Purpose
The Principal Debt Recoveries Officer will be responsible for the efficient operation of recoveries for the Bank. .

Duties and Responsibilities
• Manage disposal process of security by Consent/Court Order.
• Initiate legal action on defaulting clients, and administer legal settlements in liaison with the Bank’s Legal Department.
• Management of property acquired through foreclosures & other recovery strategies.
• Closely monitor income and expenditure on repossessed assets to the benefit of the Bank.
• Monitoring & ensuring that consent judgements are being honoured by clients in terms of agreed repayments & management of receivership and liquidations.
• Management of the recovery processes for all loans except in special circumstances where outsourcing to an external collector is the only option.
• Management of debt collection firms after obtaining relevant approvals.
• Continuously analyse debts & where necessary recommending debt write-offs when recovery becomes remote.
• Preparation of status reports to Management on recoveries.

Job Skills: Not Specified

Education, Experience, and Qualifications:
• Full Grade 12 School Certificate
• Degree in Law, Accountancy, Economics, Business Administration, ACCA, CIMA, CA-Zambia, or any relevant business course/full professional qualification
• Membership of relevant professional body
• A Master’s Degree is an advantage
• Minimum five (5) years demonstrated experience of working in a busy reputable institution managing debt/recoveries.

Job Education Requirements: Degree in Law

Job Experience Requirements: Not Specified

Work Hours: 8

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Job application procedure
Interested candidates who meet the minimum qualifications should submit application letters, enclosing their curriculum vitae and certified copies of their certificates to: The Managing Director, Development Bank of Zambia, P.O Box 33955, Lusaka. The closing date for receiving applications is 26th February 2021, and envelopes should be clearly marked with the position being applied for.

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