Recovery Officer

We are looking for a detail-oriented Credit Recovery, Risk and Assessment Officer who will be responsible for managing the risks that arise from lending money to clients and to analyse the credit worthiness of the potential borrowers and decide whether not to extend them the loans .

Monitor allocated portfolio of delinquent loans facilities to determine reasons for delinquency by application of sound credit judgment, collections strategy and process within pre-determined broad policy guidelines and regulation to minimize credit losses.
Maintain a loan ageing analysis, schedule, and follow up with the investees on recoverability of outstanding loan balance; Prepare approval requests to management for negotiated settlements and follow up until account is fully settled and the balance paid off. Ensure compliance to DCCL’s Credit Policy and Procedures regarding management of loan recovery process.
Maintain and prepare monthly collections reports, updates and status. Maintain a consistent reduction of non-performing loans through aggressive recoveries and viable restructuring options.
Undertake regular and frequent calls, site visits, and follow-ups with the investees to implement remedial strategies and action plans for loan recovery. Initiate demand and reminder letters to all defaulting customers and review all credit files for proper documentation and monitoring.
Ensure effective compliance standards are consistently met with both internal and external regulatory requirements by working closely with legal department.
Develop and continuously review credit policies and procedures ensuring their compliance KEY RESULT AREAS • Loan Portfolio Quality and Quantity • Credit analysis and processing • Credit Monitoring and Recovery • Credit Risk analysis and management