Job Title: Â Recovery Officer (Fresher Jobs)Â Â Â
Organisation:Â Pride Microfinance Limited (MDI)
Duty Station:Â Kampala, Uganda
About the Company:
Pride Microfinance Limited (MDI) is a Microfinance Deposit- taking Institution regulated and supervised by Bank of Uganda (BoU) under the MDI Act, 2003 and MDI Regulations, 2004 with a capital base of Ugx. 168.6 billion. Pride’s purpose is transforming lives responsibly. Pride offers innovative financial solutions to largely people at the base of the economic pyramid and serves its customers through 42 networked branches and 5 contact offices spread across the country and implements sustainability sound practices throughout its business operations to create a positive impact through three sustainability pillars; economic, environment, and social as well as contributing to the Sustainability Development Goals (SDGs) and their investable sub-goals that relate to microfinance activities.
Job Summary:   The Debt collection officer reports to the Debt collection supervisor and is responsible for recovery of bad/written off loans extended in accordance with Pride’s policies and procedures and the laws of Uganda.
Key Duties and Responsibilities:
- Responsible for the recovery of bad/written off loans by surveying and investigating the clients’ files for cases of defaulting and visiting defaulting clients.
- Deliver recall letters and ensure follow up.
- Prepare and deliver demand letters to defaulters and follow up on payments. (Check and scrutinize all files to ensure compliance with documentation and ensure they have been received by the client)
- Prepare and submit weekly and monthly progress reports.
- Train staff on debt recovery skills.
- Liaise with law enforcement on recovery
- Peruse clients’ files to establish type and location of security.
- Visit locations to establish the availability of property for attachment.
- Contact law enforcement for purposes of attachment in line with bank policy.
- Place and distribute notices of sale.
- Identify the highest bidder and negotiate terms for the sale of attached assets in line with bank policy.
- Arrange with the respective branch for consent to sale and requisition of the sale agreement in line with bank policy.
- Facilitate the prosecution of loan defaulters by investigating cases of defaulting.
- Report matters of criminal nature to the police in line with bank policy.
Qualifications, Skills and Experience:
- Bachelor’s Degree in any discipline
- Candidates should also possess 2 principle passes at A’ Level and credit passes in English and Mathematics at O’ Level.
- The Candidate should possess two years’ experience in a similar role in a supervised financial institution.
- Good track record in credit management and recovery business in a financial institution.
- Should be willing to work in any part of the country.
- Should not be more than 35 years of age.
How to Apply:
If you believe you have the necessary skills and experience and desire to make a difference, apply immediately and send a detailed CV to HEAD PEOPLE & CULTURE, using either the address below; emailing to: recruitment
pridemicrofinance.co.ug
Deadline: 8th November 2024.
NB: Only Shortlisted Candidates Will Be Contacted
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