Job Title: Collections & Recoveries Officer – ABSA Bank Uganda Jobs 2021
Organization: ABSA Bank Limited
Job Location: Kampala, Uganda
ABSA Bank Limited Profile:
Absa Group Limited (formerly Barclays Bank UK) is a diversified standalone African financial services group, delivering an integrated set of products and services across personal and business banking, corporate and investment banking, wealth, investment management and insurance. Absa Group Limited is listed on the JSE and is one of Africa’s largest diversified financial services groups with a presence in 12 countries across the continent and around 41 000 employees.
The Recoveries Officer will be responsible for the management of all out of order accounts within the Retail portfolio, with the objective of putting in place strategies with the customer to bring their indebtedness back to order or recovering from defaulting debtors.
Roles and Responsibilities:
Risk Management and Control: 40%
Monitor and control the out of order retail accounts and take appropriate action to normalise the position, within pre-determined policy rules and laid down strategies. The overall objective of the role is to ensure recovery action is taken at the earliest opportunity to avert loss through default
Undertake the review of all monthly advances control reports, assessing the information therein and making recommendations regarding the strategy to be employed in ensuring that such out of order accounts are returned to order within the shortest possible time. This is likely to involve agreeing short term lending agreements.
Contact customers whose accounts are out of order. This may take the form of written correspondence or normally this would be by direct telephone contact.
Receive and authorize FOS authorization requests (agree short term borrowing requests)
Own & maintain a diary system for:
Quarterly account reviews
Provision of financial information
Perfection of security
Fulfilment of conditions of offer
Review and recommend classification, writing off , or outsourcing of a debt
Send out notices and demand letters
Adhere to service level agreements
Business Management: 30%
Monitor and manage workflow within the Retail Credit Collections, Monitoring & Control and Recoveries Team.
Compilation of various returns, as required, through the assimilation of information available within the Retail Credit team
Responsible for devising collections and recoveries strategies for implementation within the Collections, Monitoring & Control and Recoveries team
Input into new/amended lending policies or products within the business
Stakeholder Management: 30%
Liaison with 3rd parties (i.e., debt collection agencies) regarding policies and strategies for the recovery of out of order accounts.
First point of contact for customer complaints.
Further Education and Training Certificate (FETC): Office Administration (Required)
How To Apply for ABSA Bank Uganda Jobs 2021
All interested and suitably qualified candidates should submit their applications through the link below.
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