Senior Manager Recovery
2025-05-16T07:36:45+00:00
Akiba Commercial Bank PLC
https://cdn.greattanzaniajobs.com/jsjobsdata/data/employer/comp_5890/logo/Akiba%20Commercial%20Bank%20PLC.png
https://www.acbbank.co.tz/
FULL_TIME
Dar es Salaam
Dar es Salaam
00000
Tanzania
Banking
Accounting & Finance
2025-05-24T17:00:00+00:00
Tanzania
8
The Senior Manager Recovery has primary responsibility of managing the Banks Recovery Unit and lead the proactive monitoring/supervision of non-performing asset. The role focuses on developing and implementing strategic recovery plans for non-performing assets (NPAs), managing recovery teams, ensuring compliance with regulatory requirements, and minimizing credit losses while maintaining strong client relationships.
THE ROLE
- Monitoring and supervising the daily collection of delinquent accounts.
- Supervise the work of debt collectors and auctioneers to optimize performance and maximize results.
- Take over assets deemed non-performing or impaired or risk of becoming non-performing or impaired from Portfolio Officers in a structured and documented fashion.
- Analyze non-performing and impaired or potentially non-performing and impaired transactions.
This includes financial and legal due diligence analysis.
- Ensure that all risks are identified, assessed and/or reported and appropriate actions are recommended for protecting the organization’s interest.
- Ensure compliance with established policies, procedures and internal controls to protect the organization’s interest
- Prepare recovery plans to include recommendations on when to realize losses, release any rights/security interests, and make material changes in transactions.
- To ensure efficient follow-up of severe cases of arrears of loans repayment to reach a realistic and affordable repayment plan which is informed where possible by an accurate financial statement.
- Lead achievement of recovery targets to contribute to organization’s financial performance.
- Develop annual plans and budgets incorporating inputs from the department team, Recovery
Area managers and Recovery Officers.
- Ensuring compliance with ACB policies and methodology, including adherence to Client Protection
Principles and customer service standards.
- Supervision of staff to ensure that business targets of the Department are achieved.
- Report any internal control deficiencies to General Risk & Compliance.
- Liaison with the General Risk & Compliance in co–coordinating staff and to ensure that business targets of the Unit are achieved.
- Responsible for building a strong and professional team of Recovery Officers through coaching, on-job training, personal example and constant feedback.
- Develop, motivate and effectively manage staff to ensure achievement of department’s objectives and standards.
- Mentor and coach the Staff team in Branches on Arrears Management
- Proactive self-education on existing procedures and products
THE CANDIDATE
Academic:
- Bachelor’s degree in finance, Law, Business Administration, Banking, or related field; master’s degree is an added advantage.
Desired work experience:
- Minimum 7 years of banking experience,5 years of which in a managerial position
- Demonstrated leadership skills with good command of both oral and written English
- Ability to balance opposing business requirements.
- Able to provide advice and cause/effect evaluation to support business decision making
- Good at managing large volumes of information and can add value through management reporting.
- Strong service ethic
- Ambitious and committed personality
- Highly motivated, energetic and enthusiastic
- Diplomatic
- Outstanding leadership, communication and customer service skills
- In-depth knowledge of loan recovery processes, credit risk management, and relevant legal frameworks.
- Proven track record of managing recovery in large and complex loan portfolios.
- Strong leadership, negotiation, and decision-making skills.
- Excellent analytical, communication, and interpersonal skills.
Monitoring and supervising the daily collection of delinquent accounts. Supervise the work of debt collectors and auctioneers to optimize performance and maximize results. Take over assets deemed non-performing or impaired or risk of becoming non-performing or impaired from Portfolio Officers in a structured and documented fashion. Analyze non-performing and impaired or potentially non-performing and impaired transactions. This includes financial and legal due diligence analysis. Ensure that all risks are identified, assessed and/or reported and appropriate actions are recommended for protecting the organization’s interest. Ensure compliance with established policies, procedures and internal controls to protect the organization’s interest Prepare recovery plans to include recommendations on when to realize losses, release any rights/security interests, and make material changes in transactions. To ensure efficient follow-up of severe cases of arrears of loans repayment to reach a realistic and affordable repayment plan which is informed where possible by an accurate financial statement. Lead achievement of recovery targets to contribute to organization’s financial performance. Develop annual plans and budgets incorporating inputs from the department team, Recovery Area managers and Recovery Officers. Ensuring compliance with ACB policies and methodology, including adherence to Client Protection Principles and customer service standards. Supervision of staff to ensure that business targets of the Department are achieved. Report any internal control deficiencies to General Risk & Compliance. Liaison with the General Risk & Compliance in co–coordinating staff and to ensure that business targets of the Unit are achieved. Responsible for building a strong and professional team of Recovery Officers through coaching, on-job training, personal example and constant feedback. Develop, motivate and effectively manage staff to ensure achievement of department’s objectives and standards. Mentor and coach the Staff team in Branches on Arrears Management Proactive self-education on existing procedures and products
Outstanding leadership, communication and customer service skills In-depth knowledge of loan recovery processes, credit risk management, and relevant legal frameworks. Proven track record of managing recovery in large and complex loan portfolios. Strong leadership, negotiation, and decision-making skills. Excellent analytical, communication, and interpersonal skills.
Bachelor’s degree in finance, Law, Business Administration, Banking, or related field; master’s degree is an added advantage. Desired work experience: Minimum 7 years of banking experience,5 years of which in a managerial position Demonstrated leadership skills with good command of both oral and written English Ability to balance opposing business requirements. Able to provide advice and cause/effect evaluation to support business decision making Good at managing large volumes of information and can add value through management reporting. Strong service ethic Ambitious and committed personality Highly motivated, energetic and enthusiastic Diplomatic
JOB-6826eb0da7247
Vacancy title:
Senior Manager Recovery
[Type: FULL_TIME, Industry: Banking, Category: Accounting & Finance]
Jobs at:
Akiba Commercial Bank PLC
Deadline of this Job:
Saturday, May 24 2025
Duty Station:
Dar es Salaam | Dar es Salaam | Tanzania
Summary
Date Posted: Friday, May 16 2025, Base Salary: Not Disclosed
Similar Jobs in Tanzania
Learn more about Akiba Commercial Bank PLC
Akiba Commercial Bank PLC jobs in Tanzania
JOB DETAILS:
The Senior Manager Recovery has primary responsibility of managing the Banks Recovery Unit and lead the proactive monitoring/supervision of non-performing asset. The role focuses on developing and implementing strategic recovery plans for non-performing assets (NPAs), managing recovery teams, ensuring compliance with regulatory requirements, and minimizing credit losses while maintaining strong client relationships.
THE ROLE
- Monitoring and supervising the daily collection of delinquent accounts.
- Supervise the work of debt collectors and auctioneers to optimize performance and maximize results.
- Take over assets deemed non-performing or impaired or risk of becoming non-performing or impaired from Portfolio Officers in a structured and documented fashion.
- Analyze non-performing and impaired or potentially non-performing and impaired transactions.
This includes financial and legal due diligence analysis.
- Ensure that all risks are identified, assessed and/or reported and appropriate actions are recommended for protecting the organization’s interest.
- Ensure compliance with established policies, procedures and internal controls to protect the organization’s interest
- Prepare recovery plans to include recommendations on when to realize losses, release any rights/security interests, and make material changes in transactions.
- To ensure efficient follow-up of severe cases of arrears of loans repayment to reach a realistic and affordable repayment plan which is informed where possible by an accurate financial statement.
- Lead achievement of recovery targets to contribute to organization’s financial performance.
- Develop annual plans and budgets incorporating inputs from the department team, Recovery
Area managers and Recovery Officers.
- Ensuring compliance with ACB policies and methodology, including adherence to Client Protection
Principles and customer service standards.
- Supervision of staff to ensure that business targets of the Department are achieved.
- Report any internal control deficiencies to General Risk & Compliance.
- Liaison with the General Risk & Compliance in co–coordinating staff and to ensure that business targets of the Unit are achieved.
- Responsible for building a strong and professional team of Recovery Officers through coaching, on-job training, personal example and constant feedback.
- Develop, motivate and effectively manage staff to ensure achievement of department’s objectives and standards.
- Mentor and coach the Staff team in Branches on Arrears Management
- Proactive self-education on existing procedures and products
THE CANDIDATE
Academic:
- Bachelor’s degree in finance, Law, Business Administration, Banking, or related field; master’s degree is an added advantage.
Desired work experience:
- Minimum 7 years of banking experience,5 years of which in a managerial position
- Demonstrated leadership skills with good command of both oral and written English
- Ability to balance opposing business requirements.
- Able to provide advice and cause/effect evaluation to support business decision making
- Good at managing large volumes of information and can add value through management reporting.
- Strong service ethic
- Ambitious and committed personality
- Highly motivated, energetic and enthusiastic
- Diplomatic
- Outstanding leadership, communication and customer service skills
- In-depth knowledge of loan recovery processes, credit risk management, and relevant legal frameworks.
- Proven track record of managing recovery in large and complex loan portfolios.
- Strong leadership, negotiation, and decision-making skills.
- Excellent analytical, communication, and interpersonal skills.
Work Hours: 8
Experience in Months: 84
Level of Education: bachelor degree
Job application procedure
Interested in applying for this job? Click here to submit your application now.
All Jobs | QUICK ALERT SUBSCRIPTION
