Background

Pride Bank Limited is a Tier II Deposit- taking Institution regulated and supervised by Bank of Uganda (BoU). Pride offers innovative financial solutions to largely people at the base of the economic pyramid and serves its customers through 43 networked branches and 4 contact offices. Pride is an equal opportunity employer looking for competent and experienced individuals to fill the following vacancy.

Responsibilities

The Recovery Officer will report to the Supervisor Credit Recovery and will be responsible for the recovery of bad/written off loans extended in accordance with Pride’s policies and procedures and the laws of Uganda.

Specific responsibilities include: -

• Responsible for the recovery of Nonperforming loans/written off loans by surveying and investigating the clients’ files for cases of defaulting and visiting defaulting clients.
• 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.
• Increasing value and number of bad debts recovered.

Qualifications and Experience

Academic qualifications, Experience & competence: -

• Bachelor’s Degree in any discipline.
• 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 is added advantage
• Should be willing to work in any part of the country.
• Credit and/or pass in English and Mathematics at “O” level.
• 2 Principal passes at “A” level
• Should not be more than 35 years of age.

• Responsible for the recovery of Nonperforming loans/written off loans by surveying and investigating the clients’ files for cases of defaulting and visiting defaulting clients.
• 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.
• Increasing value and number of bad debts recovered.

• Debt recovery skills
• Credit management
• Negotiation
• Investigation
• Reporting

• Bachelor’s Degree in any discipline.
• Credit and/or pass in English and Mathematics at “O” level.
• 2 Principal passes at “A” level