SENIOR LOAN RECOVERY OFFICER – (1 Vacancy, DSM)

BACKGROUND OF TADB 

Tanzania Agricultural Development Bank Limited (TADB) is a Government Institution established under the Companies Act, 2002 and licensed under the provisions of the Banking and Financial Institutions Act No 5 of 2006 and the Banking and Financial Institutions (Development Finance) Regulations, 2012. 

The bank has the following key objectives: 

 To catalyze credit delivery to the agricultural sector and thereby accelerate agricultural growth; 

 To lead, as an apex agricultural financing bank, in capacity building strategies and programmes to strengthen the agriculture financial value chain; 

 To be an important player in the implementation of the Government’s development vision, policies and programmes, including but not limited to the Tanzania Development Vision 2015, Agricultural Sector Development Programme, Kilimo Kwanza Initiative, Second-Generation Financial Sector Reforms as well as in the furtherance of the National Strategy for Growth and Reduction of Poverty for Mainland Tanzania (MKUKUTA), and Zanzibar Strategy for Growth and Reduction of Poverty (MKUZA); 

 To build on existing agro-financing activities through provision of short, medium and long-term facilities to the following: smallholder farmers’ groups, savings and credit cooperative societies (SACCOS), community banks, commercial banks and microfinance institutions (MFIs) that are active in lending to the agricultural sector; 

 To coordinate and monitor agriculture and rural lending activities with a view to maximizing the impact of agricultural growth by working closely with the Ministries and institutions responsible for Agriculture, Regional Administration as well as the numerous players active in this sector; 

 To assist the Government in implementing its policies on enhancing financial inclusion and economic empowerment in the rural areas.

9.0 SENIOR LOAN RECOVERY OFFICER – (1 Vacancy, DSM)

The successful candidate will report to the Loan Recovery Manager.  He/she will be responsible for assisting management of nonperforming and written off loans to maximize recovery and minimize recovery costs in the bank.

Key Responsibilities  
 Initiate, study and report on potential opportunities for improving the Bank’s loan portfolio;
 Assist in undertaking recovery actions timely and in a cost effective manner;
 Assist in carrying out continuous and on demand loan recovery activities in the bank;
 Initiate efforts for recovering overdue loans to the bank’s clients;
 Negotiate with defaulters on repayment plans;
 Assist in dealing with routine correspondence with regard to loan collection or recovery issues;
 Liaise with stakeholders for inputs on performance of loan recovery and related policies, processes and procedures and submit the same for supervisor’s review and action;
 Take lead in ensuring all records pertaining to loan recovery are well kept and maintained;
 Perform any other duties assigned by the Supervisor from time to time.

Qualifications, Knowledge and Experience:
 University Degree in Economics, Business Administration, Agricultural Economics, Finance, Accounts, Banking or related discipline;
 Minimum of 3 years’ experience in credit assessment and/or relationship banking at Officer level;
 Strong computer based analytic skills.
 Strong written and communication skills with ability to write reports in a concise and focused style;
 Good communication and interpersonal skills; 

REMUNERATION  

Tanzania Agricultural Development Bank Limited is an equal opportunity employer. The bank offers an attractive remuneration package, career development opportunities and excellent working environment. 

MODE OF APPLICATION AND DEADLINE 

Qualified candidates should apply in writing to or lodge their applications at the address shown below, enclosing: 

1. Application letter showing how they meet the requirements of the position; 

2. An up-to-date Curriculum Vitae; 

3. Contacts stating name in full, physical address, telephone numbers and e-mail addresses of the candidate; 4. Certified copies of relevant certificates 

5. Names and full contacts of three (3) referees.  

Closing date: Applications should reach the undersigned not later than 4.00 pm on Friday, 22nd September 2017. Managing Director, Tanzania Agricultural Development Bank, 3rd Floor Acacia Estates Building,  Plot 84 Kinondoni Road, P.O. Box 63372, 14109 DAR ES SALAAM. Email: info@tadb.co.tz For further information, please visit the Bank’s website: www.tadb.co.tz