Recoveries and Securities Officer

The incumbent contributes to the success of the organization by ensuring delinquent loans are minimized as well as ensuring that all securities held by the Company as collateral against loans granted are continuously updated.

Main Responsibilities:

• Contact and or notify all members whose loans are in arrears and seek payment arrangements from these members to return their account to a current status
• Implement delinquency control and collection procedures
• Liaise with collection agencies and Attorney’s to collect outstanding loans from members whose loan account is classified as delinquent
• Where delinquency exercises are carried out, such as repossessions or foreclosures on assets being held by the Company as security, liaise with the respective bailiff/attorney on the developments of these exercises.
• Prepare weekly and monthly Delinquency Reports and Collection Activity Reports
• Follow up to ensure all securities assigned to the Company (to be held as collateral against loans taken) are put in place and assigned as required (where applicable security documents are to be scanned and attached to members account)
• Liaise with Insurance agencies to ensure that insurance renewals and sent to the Company annually
• When release of securities are requested, ensure that the liability to the Company is paid off, and prepare the necessary documentation for the release.
• Any other adhoc duties as assigned by the Finance Manager or General Manager.

Minimum Qualifications & Experience:

• Five (5) CXC/GCE/CAPE O’Level passes including, Mathematics, English, and Accounts
• Minimum of  one (1) to two (2) years’ experience in recoveries and securities in a financial institution
• Computer literate with proficiency in Microsoft Word and Excel (knowledge of Emortelle will be an asset)
• Current police certificate of good character

Essential Knowledge, Skills & Attributes:

• Written and oral communication skills
• Assertiveness
• Confidentiality and ethical standards
• Ability to communicate effectively with staff and members
• Attention to detail
• Ability to be a team player and work well with others