About OTL.
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Opportunity Tanzania Limited is a Microfinance Institution with
Branches in Dar-Es-salaam, Arusha, Moshi and Morogoro. As the part of
Opportunity's International network, OTL’s mission is to make available to
the economically disadvantaged members of Tanzanian society, small business
loans and other appropriate financial services that, coupled with the
necessary training, enable them to develop and sustain income generating and
job creating enterprises.
As an expanding company were are looking for key staff in the
following vacancy
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Position:
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Credit Administration Officer.
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Duty station:
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Head Office, Dar Es Salaam
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Reports to:
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Chief Operations Officer.
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Overall purpose of
the job
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The Credit Admin Officer will be responsible for assisting in the day
to day operations of the Operations Department. The person will be
responsible for due diligent checks prior to approvals and disbursement of
loans, security documentation and perfection, lodging and withdrawal of
securities, management of securities registry and safe custody and management
of recovery processes on securities held by the institution in case of
default.
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Academic/
professional qualifications
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A Diploma preferably in business related discipline
from a recognized college.
A University Degree will be an added advantage
Three years experience working in the same post in
Financial institution
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Skills
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Credit knowledge
and experience, security perfection spanning across the different types of
acceptable securities, administrative skills, filing, and computer skills
preferably MS Office, Strong written and verbal communication skills. Basic
legal knowledge will be an added advantage.
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Key
Responsibilities
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Review
and analysis of Credit Files originating from branches before submission to
Head Office Credit Committee.
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Evaluation
of proposed securities and collaterals before approval of loans,
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Monitor and address customer issues raised in Head
Office Credit Committee and coordinate with branches.
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Ensure branch audit
issues are addressed and closed to avoid repeat finding and exceptions.
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Ensure the interest
of the company is well covered in all loans processed and disbursed.
- Maintain accurate
and up to date security register for Education and individual loans.
- Maintain accurate
and up to date insurance register for Education and individual loans.
- Review and recommend
loan editing and restructuring on case basis.
- Analyze loan
correction documentation for compliance and recommend the same for approval
on need cases.
- Execute joint
registration for motor vehicle and executing charges on property among other
immovable assets.
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Review Education and
individual loan documents for compliance to policies and procedures to ensure
proper and efficient delivery of credit administration duties
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Ensuring that
security documents have been filed properly and that documentation is in
place
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Portfolio
monitoring to ensure repayment rates remain at acceptable levels,
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Establish and
manage a list of service providers key to the lending processes of the
institution like valuers, lawyers, debt collectors, auctioneers among others,
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To confirm
reasonability of collateral values in cases of unprofessional valuation.
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Initiate recovery
in liaison with other departments in case of default.
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Prepare different
reports on the status of portfolio and function at large.
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Verify authenticity
of default loan balances and adherence to delinquent management procedures
before loan write offs.
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Manage loan write
off process and post write off recovery.
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Ensure that
regulatory matters are complied with, including submission of reports and
credit reference checks.
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Personal Attributes
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Excellent
interpersonal skills and ability to communicate effectively with staff, at
all levels, and third parties to develop strong relationships.
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Excellent
organisational skills.
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Self-motivated and
proven ability to motivate others
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Initiative, tact
and maturity
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How
to apply
Interested
and qualified candidates are invited to send Curriculum Vitae before 9th
December, 2014. Only Curriculum vitae will be accepted through email address
below
Head Human Resources
Alli Hassan Mwinyi Rd, Opp. AAR Hospital
P.O Box 80244
Dar es Salaam
NOTE: Only short listed candidates will be contacted.
OPPORTUNITY TANZANIA IS AN EQUAL OPPORTUNITY EMPLOYER
Credit Administration Officer - Opportunity Tanzania Limited
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