Investrust Bank Plc
Investrust Bank Plc
Posted Job
25 days ago

Credit Administration Officer - P&TL

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Investrust Bank Plc (IBP) is looking for suitably qualified, vibrant and self-motivated individuals to fill the positions that have fallen vacant as below:

Department: Credit

Location: Head Office

Reporting to: Credit Administration Manager

Purpose of the Job

Responsible for monitoring the Scheme and Personal loan portfolio for efficient and effective functioning of the Bank.

Key Responsibilities

  • Notifies timely the Insurance Company for new scheme loan cover.
  • Timely and accurately invoices employers on the Scheme loan portfolio.
  • Performs out calls on delinquent clients to discuss outstanding balances.
  • Reviews information with senior members of the loss mitigation teams (Legal & Recoveries).
  • Reviews delinquent client situations and recommends appropriate courses of action.
  • Evaluates collateral, and documentation and financial information to determine borrower’s ability to pay.
  • Conducts negotiations with borrowers and makes necessary decisions based on conditions presented to protect
  • the Bank’s interest and achieve maximum recovery.
  • Identifies possible walkout or exit strategies; gathers data to submit to senior management for approval.
  • Maintains portfolio of troubled accounts, including preparation of periodic status reports, and account reconciliation.
  • Works with property surveyors when there is need to value repossessed properties
  • Works hand in hand with the Security firm placed at the repossessed properties to resolve any problems surrounding the property.
  • Hands over properties that have either been sold out or the debt has been settled.
  • Works with auctioneers when they need to be provided with information. pertaining to repossessed properties or locations.
  • Takes potential buyers to the repossessed properties whenever requested or when they call.
  • Repossesses property from delinquent clients.
  • Prepares and submits Recoveries Monthly reports, Weekly Collection and Expected reports and Daily Collection and Expected reports.

Qualifications and Experience

  • Grade 12 School Certificate.
  • Bachelor’s degree in Banking and Finance, Accountancy, Commerce, Economics, Business Administration or related
  • field.
  • Not less than 3 years’ experience in both corporate and consumer credit, banking, or finance.

Method of Application

Click on the link for more details on the requirements below:

Applications, supporting documentation and CVs should be emailed to:

Investrust Bank Plc image
Investrust Bank Plc
Lusaka
Personal banking
Business banking
Corporate finance
Investment
Loans
This is a public limited liability company, incorporated under the Companies Act of 1994. Investrust Bank conducts commercial and retail banking services and has a primary listing in the Lusaka Stock Exchange. The bank is committed to providing outstanding value for money, cost effective and efficient products and services to its customers. Investrust Bank's major strengths lie in their ability to provide quick and efficient products and services.