Debt Recovery Officer Job at Perfect Finance (U) Ltd
Location: Uganda
Job Type: Full-time (8 hours per day)
Salary: UGX
Vacancies: 1
Application Deadline: May 30, 2024
Hiring Organization: Perfect Finance (U) Ltd
Job Overview:
Perfect Finance Uganda Limited, a registered financial institution regulated by the Uganda Microfinance Regulatory Authority, is seeking a dedicated Debt Recovery Officer. The role involves managing debt recovery activities in collaboration with external partners.
Key Responsibilities:
- Review recovery procedures periodically and advise management on updates.
- Promptly follow up on and recover assigned non-performing loans.
- Review arrears daily and report progress on loans over 30 days past due.
- Ensure recovery agents focus on bad debt recovery.
- Issue and serve demand letters for delinquent loans in line with credit policies.
- Negotiate with debtors to repay bad debts and default charges.
- Document and file all recovery activities in customers’ credit files.
- Collaborate with court bailiffs, legal officers, and local authorities for quick disposal of securities.
- Use alternative recovery measures for unsecured and inferior security loans.
- Follow up with court bailiffs, auctioneers, and other agents, advising management on loan recovery.
- Maintain an Excel spreadsheet diary of debt recovery activities, shared weekly with the credit manager.
- Perform other duties as assigned by the credit manager.
Qualifications:
- University degree in a business-related field.
- Qualifications in Credit Management/Debt Collection are advantageous.
- 2-3 years of experience in banking operations, particularly in credit or lending and debt collection.
- Excellent communication and negotiation skills.
- Strong interpersonal skills.
- Maturity, honesty, integrity, and strong ethics.
- Ability to remain calm under pressure.
- Patience, understanding, and persistence.
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Application Process:
Interested and qualified candidates should email their applications to info@perfectfinance.co.ug
