Vacancy title:
Senior Specialist; Collateral Quality Assurance

[Type: FULL_TIME, Industry: Banking, Category: Accounting & Finance]

Jobs at:
NMB Bank

Deadline of this Job:
Thursday, September 4 2025

Duty Station:
Tanzania | Dar es Salaam | Tanzania

Summary
Date Posted: Thursday, August 21 2025, Base Salary: Not Disclosed

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JOB DETAILS:

Responsible in supervising the bank’s valuation and verification practices for credit assessment and post approval assurance and reviewing mortgage loan collaterals and set benchmarks for appraisals.

Main Responsibilities:

• Develop, coordinate, and manage effective training programs for Head Office, Zonal offices and Branches to meet operational requirements.
• Maintain a sound working knowledge of the mortgage collateral valuation assessment process and be engaged for mortgage assessments (sample/location/areas with issues).
• Update and draft relevant policies and procedures useful for valuation reports reviews (when required to do so)
• Participate in refresher training for Relationship Managers (RMs) and Officers (Ros) in the segment of collaterals valuation technics.
• Evaluate creditworthiness and risks of the mortgage collateral-based valuation assessments and suggest ways to mitigate them (i.e. a sample/ pilot to be taken for evaluation)
• Conduct feedback meetings with business units on the mortgage assessments challenges and strategies on the way forward.
• Engage valuation actioners to train on/ develop /Review Collateral assessment, which identifies various valuation methods applicable to the current market for reference of credit assessors.
• Attend valuation regulatory bodies workshops and find out current market values that impact valuation assessment of a collateral as per market changes.
• Actively participate in the quality assurance of mortgage loan valuation assessment discussions.
• Engage with real estate players on the strategies to address the challenge valuation reports.
• Submit accurate and timely reports, i.e. half-yearly and annually, to Management to inform them of identified variances in valuation reports.
• Periodical validation of Collateral Management Tool (CMT) data especially on legal mortgages.
• Design, foresee and ensure implementation of the methodologies for valuation of collaterals for credit exposures TZS50m and below.
• Based on experience, professional and historical recoveries from foreclosure of collaterals develop /benchmark collateral haircuts to be used assessment and approval processes.
• Visit some of the collaterals / development mortgages as and when required to do so.

Knowledge and Skills:

• Knowledgeable and proficient use of Microsoft office programs
• Must possess excellent knowledge of banking business in general.
• Excellent interpersonal and customer service skills
• Supervisory skills
• Ability to prioritize and work under pressure to meet deadlines under minimum supervision.
• Training/Capacity building skills.
• Teamwork and collaborative skills with other business units
• Negotiation skills

Qualifications and Experience:

• Bachelor’s degree in Real estate Management, Land Management and Valuation.
• At least 4 years’ experience in Real Estate Management in the Banking industry

Work Hours: 8

Experience in Months: 48

Level of Education: bachelor degree

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