Debt Recovery Officer
UNAITAS is seeking to recruit dynamic, committed and responsible persons to fill the following position;
DEBT RECOVERY OFFICER
Reporting to the credit Manager, the job holder will be responsible for handling all aspects of debt collection.
Reporting to the credit Manager, the job holder will be responsible for handling all aspects of debt collection.
Duties and Responsibilities
- Continuous follow up after initial contact to constantly remind members of their obligations to the society;
- Drafting and issuing appropriate notices to the members requiring clearing of arrears or warning of potential legal action;
- Managing issuance of all required statutory notices prior to engaging recovery action;
- Engaging auctioneers, investigations and private debt collectors;
- Monitoring the performance of third parties involved in the debt collection process auctioneers, lawyers, private debt collectors;
- Following up legal cases where recovery action is challenged in court;
- Identifying and classifying hard core cases and where necessary recommending write offs;
- Negotiating and restructuring facilities where such actions increase chances of recovery of the debt;
- Ensuring that restructuring is done correctly in a legally binding manner without prejudicing original contacts and security;
- Keeping collection costs in check;
- Ensuring a uniform debt collection strategy in line with the society’s brand to avoid reputational risk or legal challenges by following strict policies and procedures;
- Managing storage and sale of repossessed collaterals;
- Documenting and disseminating lessons to lending officers on common challenges, trends, gaps and high risk arrears;
- Supporting collection drives instituted at branches that have arrears challenges;
Required academic qualifications
- Degree in any business related field
- B [plain] in KCSE
Other Requirements
- Over 2 years work experience-in debt recovery & credit management
- Proactive and of good analytical skills and ability to make decisions
- Team player with excellent interpersonal and member service skills
- High degree of integrity and commitment
Send us your application and updated curriculum vitae [MS Word Format] via E mail only to; hr@unaitas.com to reach us on or before 31.10.2013
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