Friday, October 12, 2018

Jobs in Tanzania: Senior Manager, Recovery at NMB Bank plc, October 2018

  Kijiwe Cha Wasomi       Friday, October 12, 2018
Jobs in Tanzania: Senior Manager, Recovery at NMB Bank plc, October 2018
Job Purpose
Responsible for coordination and implementation of the restructuring and recovery activities for all non-performing loans (NPL) products of the bank and to provide special attention and support to stressed relationships to ensure proper co-ordination and control of all special assets to prevent losses, maximize recoveries and restore profits through rehabilitation, restructuring, work-out and direct recovery. Nafasi za kazi NMB Bank

Main Responsibilities
Assist Head of SAM to initiate and develop restructuring and recovery strategies towards reduction of non-performing loans (NPL) levels as targeted by bank’s management.
Management of all Special Assets to ensure credit and other risks are properly identified and assessed.

Provide professional judgment to ensure proper impairment level/provisions is taken consistent with BOT/IFRS regulations/guidelines and bank’s internal policy.
 Assist Head of SAM to develop general framework for collections and recoveries of all bank’s loan products.

To assist Head of SAM to coordinate and manage all banks appointed external agencies (debt collectors, auctioneers, receiver manager etc.) and other third party vendors.
Assist Head of SAM to supervise and coordinate preparation/submission of statutory and regulatory reports to BOT.
To provide professional business support to resolve challenges faced by stressed clients
To initiate loan write-off and abandonment in accordance with BOT regulations and provide recommendation for Board approval.

Presentation of SAM strategy on case by case to Management Credit Committee and Board Credit 
Committee for approval.
To assist Head of SAM to review and recommending for releases/reinstating of provision and interest in suspense for CREDCO approval.
To implement guidelines to ensure early identification and management of SAM names for improvement of risk management in the bank.
To assist Head of SAM to oversee quarterly credit portfolio review and monthly review of loan portfolio quality report and make recommendations for corrective measures.

Support branches in all recovery strategies and guide them appropriately to maximize recoveries from NPL and Written off loans.
Manage Recovery Unit; provide leadership to a team of recovery officers and ensure full implementation of various recovery strategies to maximize recoveries from stressed assets.
Support Debt Collectors and provide recovery solutions during recoveries/ auctioning of properties across the network.
Arrange and manage all SAM Committee monthly meetings and ensure the meeting is held as per the agreed schedule. Ajira benki ya NMB

Knowledge and Skills required:
Good knowledge of BOT regulations on risk asset management, company law and law of insolvency.
Adequate knowledge and practice on lending policies, procedures and manuals.
Good understanding of the Bank's loan products and its end to end credit process.
Good knowledge of bank credit policies, procedures and systems
Good Credit Appraisal, Restructuring Skills and Customer Relationship Skills.

High degree of communication, negotiation and inter-personal skills
Time management and organization skills
Leadership and Coaching skills
Good communication and negotiation skills.
Standard computer skills.
Good skills on Performance Management and effective risk management and be able to promote strong risk management culture

Qualifications and Experience
Holder of MBA, University Degree or equivalent post graduate qualification in Banking, Finance, Commerce (Accounting)/Economics or equivalent qualifications from recognized higher learning institution
Holder of professional certificate in Risk Asset Management will be an added advantage.

Banking experience of more than 5 years preferably in Special Asset Management/Business Support or Workout Unit in a Commercial Bank
Experience on risk asset management especially on loan classification, provision, write-off and problem solving.                                                                   
This position is open to Tanzanian nationals only.

Please be advised that if you are not contacted within 14 working days of the advert closing date then you have not been shortlisted.

NMB Bank Plc is committed to creating a diverse environment and is proud to be an equal opportunity employer. Nafasi za ajira

Deadline: 21st October 2018


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