Recovery & Tracking Administrator job at Asaak Financial Services

Asaak strives toward unlocking the economic potential of marginalized small and medium business owners. By bringing together a team of individuals with a wide range of backgrounds and a passion for fintech. Asaak is equipping business owners and journeying with them to their bigger dream.

In this regard, Asaak is seeking for the services of an experienced, talented, knowledgeable and enthusiastic professional to become part of its team as indicated below:

Duty Station: Matugga

Reports: Branch Manager

Job Summary:

The Recovery & Tracking Administrator will supervise a team of recovery and tracking officers in line with the company policies, and procedures.

Responsibilities:

• Handling the recovery team in managing the daily administration for loan documentation in full compliance with the internal standards and external regulatory requirements.
• Review loan documents and liaise with internal and external parties to ensure proper and efficient delivery of credit administration duties.
• Conduct periodical review on loan administration policy and procedures to streamline workflow.
• Control the recording, deposit, and withdrawal of the security documentation properly.
• Generate, review and maintain loan disbursement reports for presentation to credit committees, and provide monthly reports on the same, in accordance with the credit policy and guidelines.
• Ensure all lending Documentation is complete as per the Company Policy and Procedures with respect to the amount financed, terms and conditions, borrower’s borrowing mandate, authorized signatory etc.
• Ensure that there is a robust process for the safe custody and control of all security documents.
• Responsible for collateral valuation, collateral monitoring and collateral reconciliation with original documents.
• Submit monthly and annual reports to the Supervisor.
• Assign performance targets to the recovery team and monitor their performance.
• Ensuring post-disbursement compliance with approved terms and conditions in line with the credit policy.
• Generate and review daily system credit monitoring and management reports and identify non-performing accounts with irregularities and proactively follow up to ensure corrective action is taken in line with credit policy.
• Monitor all irregularities, past dues, documentation deficiencies, etc., and report to the Branch Manager.
• Releasing all the impounded bikes and doing the necessary documentation.
• Conducting spot checks on the recovery team.
• Ensuring that the repayments are coming in and arrears are being followed up.
• Perform any other duties as may be assigned by the supervisor.

Qualifications and specifications:

• Must hold a minimum of a bachelor's degree in Microfinance or any related field.
• Applicant must have at least two (2) years working experience in micro credit environment or a similar role, prior experience in a supervisory role is an advantage.
• Must possess excellent multi-tasking skills and the ability to function under pressure.
• Have excellent communication and interpersonal skills.
• Must have high levels of personal and professional integrity.
• Must be able and willing to ride a motorcycle and possess a valid riding license with Class A.

• Handling the recovery team in managing the daily administration for loan documentation in full compliance with the internal standards and external regulatory requirements.
• Review loan documents and liaise with internal and external parties to ensure proper and efficient delivery of credit administration duties.
• Conduct periodical review on loan administration policy and procedures to streamline workflow.
• Control the recording, deposit, and withdrawal of the security documentation properly.
• Generate, review and maintain loan disbursement reports for presentation to credit committees, and provide monthly reports on the same, in accordance with the credit policy and guidelines.
• Ensure all lending Documentation is complete as per the Company Policy and Procedures with respect to the amount financed, terms and conditions, borrower’s borrowing mandate, authorized signatory etc.
• Ensure that there is a robust process for the safe custody and control of all security documents.
• Responsible for collateral valuation, collateral monitoring and collateral reconciliation with original documents.
• Submit monthly and annual reports to the Supervisor.
• Assign performance targets to the recovery team and monitor their performance.
• Ensuring post-disbursement compliance with approved terms and conditions in line with the credit policy.
• Generate and review daily system credit monitoring and management reports and identify non-performing accounts with irregularities and proactively follow up to ensure corrective action is taken in line with credit policy.
• Monitor all irregularities, past dues, documentation deficiencies, etc., and report to the Branch Manager.
• Releasing all the impounded bikes and doing the necessary documentation.
• Conducting spot checks on the recovery team.
• Ensuring that the repayments are coming in and arrears are being followed up.
• Perform any other duties as may be assigned by the supervisor.

• Excellent multi-tasking skills
• Ability to function under pressure
• Excellent communication skills
• Excellent interpersonal skills
• High levels of personal and professional integrity
• Ability and willingness to ride a motorcycle
• Possess a valid riding license with Class A

• Minimum of a bachelor's degree in Microfinance or any related field.
• At least two (2) years working experience in micro credit environment or a similar role.
• Prior experience in a supervisory role is an advantage.