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Manager Collections and Recoveries job at I&M Bank Uganda

Organization:

I&M Bank Uganda

About the Organization:

I&M Bank Uganda, formerly Orient Bank, whose complete name is I&M Bank Limited, is a commercial bank in Uganda which is licensed by the Bank of Uganda, the central bank and national banking regulator

Job Description

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.

CPA Uganda April Intake

Duties and Responsibilities

  • 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

CPA Uganda April 2024 Intake

Qualifications and Experience

  • 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.

How to Apply

APPLICATION FOR THIS POSITION MUST BE DONE ONLINE:
Are you interested? Click the "APPLY" button below to submit your application.

Deadline for Application

May 16, 2024

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