Background

Bank of India is a leading public sector bank in India with 118 years of establishment. It has a network of over 5,200 branches in India and 60 overseas branches/offices across important global centers.

Bank of India (Tanzania) Ltd, a fully owned subsidiary of Bank of India, is seeking experienced, energetic, and committed Tanzanians to fill the following positions.

Qualifications, Experience, Skills & Attributes

• Bachelor’s degree in Banking, Economics, Accountancy, Finance, or Business Administration and Management.
• Four years of working experience in a bank or financial institution, out of which a minimum of three years should be in branch operations, preferably in the credit department.
• Experience in processing and analyzing credit proposals, monitoring borrower accounts, recovery in irregular borrower accounts, handling trade finance business, and canvassing credit business.
• Good communication skills (written and oral), strong analytical skills, computer software skills (including Excel), and ability to convince and mobilize customers.

Duties/Responsibilities

• Prepare and process loan proposals of proponents, including disbursement, LC opening, SBLC, and bank guarantee issuance.
• Analyze balance sheets to assess credit limits.
• Carry out physical inspection of loan securities.
• Complete the documentation process before disbursing limits.
• Follow up with borrowers for regular operations in loan accounts.
• Scrutinize inward and outward transactions in borrower accounts.
• Supervision of vouchers in the credit department.
• Follow up for recovery of interest, loan installments, and any other overdue amounts in existing NPA accounts.
• Liaison with lawyers, valuers, and recovery agents for various activities.
• Prepare closing returns to the regulator pertaining to the Credit Department.
• Prepare various statements to Head Office pertaining to the Credit Department.
• Ensure proper filing and safe keeping of all papers & documents.
• Canvass business for the bank.

Important Note

Canvassing in any form will lead to disqualification/rejection.

• Prepare and process loan proposals of proponents, including disbursement, LC opening, SBLC, and bank guarantee issuance.
• Analyze balance sheets to assess credit limits.
• Carry out physical inspection of loan securities.
• Complete the documentation process before disbursing limits.
• Follow up with borrowers for regular operations in loan accounts.
• Scrutinize inward and outward transactions in borrower accounts.
• Supervision of vouchers in the credit department.
• Follow up for recovery of interest, loan installments, and any other overdue amounts in existing NPA accounts.
• Liaison with lawyers, valuers, and recovery agents for various activities.
• Prepare closing returns to the regulator pertaining to the Credit Department.
• Prepare various statements to Head Office pertaining to the Credit Department.
• Ensure proper filing and safe keeping of all papers & documents.
• Canvass business for the bank.

• Good communication skills (written and oral)
• Strong analytical skills
• Computer software skills (including Excel)
• Ability to convince and mobilize customers

• Bachelor’s degree in Banking, Economics, Accountancy, Finance, or Business Administration and Management.