About Tanzania Commercial Bank
\nTanzania Commercial Bank is dedicated to providing competitive financial services to its customers while creating value for stakeholders through innovative products. The bank\u2019s vision is \u201cto be the leading bank in Tanzania in the provision of affordable, accessible, and convenient financial services.\u201d As part of its organizational development and human capital management, Tanzania Commercial Bank is committed to attaining, retaining, and developing a highly capable and qualified workforce to enhance the bank\u2019s growth and contribute to the nation\u2019s progress.
\nJob Opportunity: Senior Manager Special Assets Management & Recovery
\nPosition Details<\/p>\n
Title: Senior Manager Special Assets Management & Recovery
\nRank: Principal Recovery Officer
\nDepartment: Credit
\nSection: Special Assets & Recovery
\nSalary Scale: COBSS 9 (at officer level I)
\nReports to: Chief Manager \u2013 Special Assets Management & Recovery
\nLocation: Dar es Salaam
\nNumber of Positions: 1<\/p>\n
Position Objective\u00a0The main purpose of the job is to manage the Collection and Recovery Sub-unit to ensure the turnaround of classified loan portfolios, including SME, MSE, and consumer loans, in line with the business strategy, credit policy, and procedures.
\nKey Responsibilities<\/p>\n
Receive delinquent retail loans with exposure below and consumer loans with above 91 days past due for collection purposes.
\nMaximize collections and recoveries of non-performing retail portfolios, including consumer loans, digital loans, MSE, and SME loans.
\nConduct reviews of delinquent loans and establish strategies to turn them around, ensuring a high-quality performing credit portfolio in line with the business strategy.
\nEstablish compliance for the recovery process, including issuing demand notices against existing securities or guarantees.
\nAdvise branches and management on turnaround plans and follow up on their implementation with the credit department and branches.
\nVisit borrowers with non-performing facilities to assess and establish cash flows available to support proposed payment plans.
\nMonitor payments on a monthly basis for non-performing borrowers with settlement arrangements with the bank on the outstanding loan amount.
\nLiaise with stakeholders, including branches, departments within the bank, clients, government institutions, the Central Bank, and other financial institutions, to ensure the bank\u2019s interests are properly represented and safeguarded.
\nReview unit reports and related processes and procedures to ensure sound quality control and recommend appropriate interventions in line with the business strategy.
\nLead and demonstrate leadership to the team to perform and achieve expected results.
\nPresent and prepare liquidation and turnaround deals that offer minimum cost and maximum return to the bank.
\nPerform any other official duties assigned by the immediate supervisor or line manager.<\/p>\n
Qualifications, Skills, and Experience<\/p>\n
Education: Master\u2019s Degree in Banking, Economics, Commerce, Business Administration, Accountancy, Finance, Risk Management, Actuarial Sciences, Insurance, or equivalent qualifications from recognized institutions.
\nExperience: At least sixteen (16) years of working experience in credit operations and portfolio monitoring, with a strong background in credit appraisal and management.
\nTechnical Skills:<\/p>\n
Knowledge in credit appraisal and monitoring, debt restructuring\/workout, collection, and recovery.
\nDebt recovery management.
\nEffective writing and presentation skills in English and Swahili.
\nExcellent interpersonal and networking skills, both internally and externally.
\nStrong analytical, problem-solving, decision-making, and financial management skills.
\nProven leadership skills.<\/p>\n
Personal Attributes and Behavioral Competencies<\/p>\n
Ability to demonstrate Tanzania Commercial Bank\u2019s core values:<\/p>\n
Customer Focus
\nTrustworthy
\nCreativity
\nTeamwork
\nExcellence<\/p>\n
Ability to prioritize work and meet deadlines.
\nAbility to work quickly, accurately, and consistently under pressure.
\nA methodical and well-organized approach to work.
\nMaturity and ability to work in a confidential environment.
\nSound judgment, common sense, and good humor.<\/p>\n
Sharing is Caring! Click on the Icons Below and Share<\/p>\n","protected":false},"author":2,"featured_media":0,"template":"","meta":{"_promoted":"","_job_location":"","_application":"https:\/\/www.tcbbank.co.tz\/careers\/#\/login","_company_name":"Tanzania Commercial Bank","_company_website":"","_company_tagline":"","_company_twitter":"","_company_video":"","_filled":0,"_featured":0,"_remote_position":0,"_job_salary":"","_job_salary_currency":"","_job_salary_unit":""},"job_listing_region":[11],"job-categories":[],"job-types":[12],"class_list":{"0":"post-2187","1":"job_listing","2":"type-job_listing","3":"status-expired","4":"hentry","5":"job_listing_region-tanzania","7":"job-type-full-time"},"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/jobs.dataaxisnode.com\/tanzania\/wp-json\/wp\/v2\/job-listings\/2187","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/jobs.dataaxisnode.com\/tanzania\/wp-json\/wp\/v2\/job-listings"}],"about":[{"href":"https:\/\/jobs.dataaxisnode.com\/tanzania\/wp-json\/wp\/v2\/types\/job_listing"}],"author":[{"embeddable":true,"href":"https:\/\/jobs.dataaxisnode.com\/tanzania\/wp-json\/wp\/v2\/users\/2"}],"wp:attachment":[{"href":"https:\/\/jobs.dataaxisnode.com\/tanzania\/wp-json\/wp\/v2\/media?parent=2187"}],"wp:term":[{"taxonomy":"job_listing_region","embeddable":true,"href":"https:\/\/jobs.dataaxisnode.com\/tanzania\/wp-json\/wp\/v2\/job_listing_region?post=2187"},{"taxonomy":"job_listing_category","embeddable":true,"href":"https:\/\/jobs.dataaxisnode.com\/tanzania\/wp-json\/wp\/v2\/job-categories?post=2187"},{"taxonomy":"job_listing_type","embeddable":true,"href":"https:\/\/jobs.dataaxisnode.com\/tanzania\/wp-json\/wp\/v2\/job-types?post=2187"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}