Credit Department,Rwanda.Credit Recovery Officer at KCB Group

Liège, Liège, Belgium -

Full Time

Start Date

Immediate

Expiry Date

08 Oct, 26

Salary

0.0

Posted On

10 Jul, 26

Experience

2 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

Skills

Debt Collection, Credit Recovery, NPL Management, Loan Restructuring, Credit Risk Mitigation, Legal Coordination, Financial Reporting, Negotiation, Compliance, Portfolio Review

Industry

Banking

Description

Main Responsibilities * To initiate and develop restructuring and recovery strategies towards reduction of non-performing loans (NPL) levels as targeted by bank’s management. * Contribute to the bank’s profit through writebacks * Ensure compliance with credit policies, regulatory requirements and best practices in carrying out recovery actions with a view to minimizing credit risks * Work closely with all banks appointed external agencies (debt collectors, appointed receivers, court bailiffs, lawyers etc…) and other third-party vendors * Partner with the legal unit and lawyers for efficient and effective resolution of matters in court. * Assist Credit Recovery Manager to prepare statutory and regulatory reports required by the bank * Give recommendations to Recovery Manager on issues of debt recovery including disposal of securities, litigation, restructuring, final settlement, write-offs and write-downs for approval. * Provide professional business support to the Credit Recovery Manager to resolve challenges faced by stressed clients * To enhance the Bank’s overall image through improved relations with bad debtors and ensure customers are satisfied through timely responses to issues. * Perform other tasks reasonably required by Credit recovery Manager or Senior Credit Recovery Manager within the framework of this job description Daily Responsibilities * Daily review of assigned NPLs portfolio for any follow up of promise to pay from the customer and plan course of action to recover owed money. * Meeting and calling customers, writing call reports and sharing with Credit Recovery Manager and filing same to customer files. * Write demand notice and statutory notices to customers under NPL; initiate and follow up related files in CQ, EMRS, and IECMS * Negotiating with customers to express their willingness to repay and propose different alternatives to get solutions * Preparation of Recovery reports for management and regulator Educational qualifications and work experience: * University Degree preferably in Finance/Accounting /Economics/ Business/Management/Law * Professional Certification – CPA/ILPD * 3 or more years of progressive experience in debt collection, recoveries, and credit operations.

Responsibilities

The role focuses on developing and implementing strategies to reduce non-performing loans (NPL) and recover debts to mitigate credit risks. This includes collaborating with legal units and external agencies to resolve court matters and managing stressed client accounts.