Job Purpose:
Responsible for handling a specific portfolio of delinquent (1-90DPD) Term Loan and Overdraft facilities within the Corporate, Retail and SME segments of the Bank, with the objective of putting in place and adopting appropriate strategies within policy guidelines and regulation to minimize credit losses and ensure Term Loans portfolio remains profitable in line with SBM Bank business objectives.
Key Responsibilities
Operational - 55%
Daily monitoring of allocated portfolio of delinquent term loans and Overdrafts (1-90DPD) facilities to determine reasons for delinquency by application of sound credit judgment, collections strategy and process within pre-determined broad policy guidelines and regulation to minimize credit losses.
Using existing Collections reports and systems available from time to time, follow up clients within own portfolio to recover arrears.
Undertake timely collections actions through effective communication and negotiate with customers on their past due facilities while ensuring that subsequent actions on the facilities, if required, are not unduly delayed.
Quick identification and escalation of Collections exceptions on own portfolio to reporting line that require approval or consideration of alternative recovery actions.
Constant liaison with the business network to undertake appropriate measures on allocated Collections portfolio to offer alternative solutions for customers.
Ensure individual performance objectives and measures are agreed with line manager.
Efficiently maintaining an accurate diary of collections actions undertaken on own portfolio with timely follow-up of due actions.
Relationship Management - 25%
Respond to customer complaints and queries and escalate unresolved cases for collections management review and advice.
Application of world class customer service standards always while handling customers issues, walk in customers and customer correspondences assigned on recovery related matters.
Compliance - 20%
While the role holder is expected to apply reasonable judgment to enhance maximization of value for the bank at all times, commitment to guidelines below is non-negotiable:
Compliance with the SBM Bank Loss Recognition and forbearance policies
Compliance with Central Bank's Prudential Guidelines and Risk Management guidelines
Compliance with Consumer Protection Act and Data Protection Act
Compliance with SBM Bank's customer service standards, values and habits.
Customers of this Position
All Departments in the Bank
Knowledge: Skills and Experience required for this Role:
2 years' experience in a debt recovery function
University degree in a Business-related field from a recognized institution.
Excellent Communication and Negotiation skills
Competencies required for this Role
Analytical and numerical skills
Communication skills (written and verbal)
Inter-personal skills
Negotiation and Influencing skills
Spreadsheets/Database Skills
Planning and personal organization
Operational excellence
Service excellence
Problem solving skills
Customer handing techniques