Debt Recovery Officer Job at Perfect Finance (U) Ltd

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Debt Recovery Officer Job Uganda
May 15, 2024    , ,

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.

SEE MORE: Finance & Administration Assistant job at Grassroots Alliance for Rural Development (GARD)

Application Process:

Interested and qualified candidates should email their applications to info@perfectfinance.co.ug


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