Summary
Date Posted: Tuesday, July 19, 2022 , Base Salary: Not Disclosed

JOB DETAILS:
Purpose of the Job
Responsible for monitoring the Scheme and Personal loan portfolio for efficient and effective functioning of the Bank.

Key Responsibilities
• Notifies timely the Insurance Company for new scheme loan cover.
• Timely and accurately invoices employers on the Scheme loan portfolio.
• Performs out calls on delinquent clients to discuss outstanding balances.
• Reviews information with senior members of the loss mitigation teams (Legal & Recoveries). • Reviews delinquent client situations and recommends appropriate courses of action.
• Evaluates collateral, and documentation and financial information to determine borrower’s ability to pay.
• Conducts negotiations with borrowers and makes necessary decisions based on conditions presented to protect the Bank’s interest and achieve maximum recovery.
• Identifies possible walkout or exit strategies; gathers data to submit to senior management for approval.
• Maintains portfolio of troubled accounts, including preparation of periodic status reports, and account reconciliation.
• Works with property surveyors when there is need to value repossessed properties
• Works hand in hand with the Security firm placed at the repossessed properties to resolve any problems surrounding the property.
• Hands over properties that have either been sold out or the debt has been settled.
• Works with auctioneers when they need to be provided with information. pertaining to repossessed properties or locations.
• Takes potential buyers to the repossessed properties whenever requested or when they call. • Repossesses property from delinquent clients .
• Prepares and submits Recoveries Monthly reports, Weekly Collection and Expected reports and Daily Collection and Expected reports.

Qualifications and Experience
• Grade 12 School Certificate.
• Bachelor’s degree in Banking and Finance, Accountancy, Commerce, Economics, Business Administration or related field.
• Not less than 3 years’ experience in both corporate and consumer credit, banking, or finance.

Work Hours: 8

Experience in Months: 36

Level of Education: Bachelor Degree

Job application procedure
Applications, supporting documentation and CVs should be emailed to:
recruitment@investrustbank.co.zm  not later than 22nd July, 2022.


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