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Debt Recoveries Officers x2

The Development Bank of Zambia (DBZ) is a development finance institution that influences the environment for access to finance for development by offering innovative, tailor made financing solutions, advisory services and technical support to viable local enterprises. The Bank is looking for suitably qualified persons to apply for the following positions:

Job Summary

  • To assist the Debt Recoveries Manager in managing the Bank’s non-performing loans portfolio in the Debt Recoveries Unit of the Bank.

Main Duties and Responsibilities

To undertake debt recoveries activities under the supervision of the

Debt Recoveries Manager as follows:

  • Manage a portfolio of non-performing projects that are 90+days delinquent:
  • Contact Borrowers on a regular basis to assess changes in financial circumstances that may lead to an event of default;
  • Negotiate payment schedules/plans that will suit the Borrower’s current financial situation and seek Managements approval;
  • Prepare Demand Notices to the Borrower’s Directors and Shareholders;
  • Assist in preparation of status report on loans recoveries;
  • Transfer files that require legal intervention to Legal Department for further action;
  • Coordinate newspaper advertisements for repossessed property ;
  • Take Minutes of the Recoveries Committee Meetings;
  • Attend Bid opening for recovered properties;
  • Carry out any other duties as assigned by the Supervisor.
  • Skills and Specifications
  • Good communication and interpersonal skills
  • High Integrity
  • Good report writing skills
  • Ability to exercise good judgement

Education, Experience and Qualifications:

  • Degree in Law from a reputable University,
  • Advocate of the High Court of Zambia,
  • Member of the Law Association of Zambia,
  • At least Two years hands on practical experience in a financial institution,
  • Must have experience in portfolio monitoring,
  • Knowledge of Corporate Governance Practices and Compliance,
  • An understanding of debt managemcnt in a development financial institution is desirable.

How to Apply

Interested candidates who meet the minimum qualifications should summit their application letters, CVs and Copies of Certificates to the undersigned:

Acting Chief Corporate Support Officer,

Development Bank of Zambia,

PO Box 33955,

Lusaka.

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A joint venture between the government, public sector financial institutions, the local private sector and foreign institutions. Development Bank of Zambia (DBZ) is committed to tackling poor and costly access to capital for investment and removing micro-level structural rigidities that hold back public and private investment growth, productivity, wealth, and employment creation. DBZ provides short, medium and long term financing and technical assistance to its customers.
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