Vacancy Details
Vacancy
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Details
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Vacancy Number
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03/2024
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Title
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Relationship & Sales Officer, Rakiraki
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Description
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PRINCIPAL RESPONSIBILITIES
1. Prequalification and Application
• Ensure timeliness, integrity and accuracy of initial advice, relevant searches and
source documents are acquired for any applications as dictated by Bank Policies and
Procedures.
• Key in relevant details on BMS platform immediately on payment of correct
application fees.
• Assist and advise applicant where required with regards to business plan preparation,
and sourcing of quotations, equities, licenses, business registration and other relevant
documentation.
• Properly register and file all enquiry’s received (regardless of accepted/discourage
status) for future reference.
2. Appraisal & Approval
• Provide on first instance all relevant, accurate and complete documentation in terms
of equities, projections, searches, interest rates and other requirements to ensure
timely quality assessments/appraisals.
• Ensure application submissions for appraisal and approval are aligned to Bank’s
Policies and Procedures, environmental sustainability, statutory requirements and
economic growth.
• Work proactively with relevant parties and effectively manage required tasks to
ensure loan decisions are formalized within TAT.
• Ensure loan letters prepared are aligned with the decision made.
• Key in all relevant and accurate BMS details immediately upon approval (interest,
repayment, Flags, SME details, CRR, approval date and officer).
3. Documentation & Disbursement
• Liaise with relevant stakeholders on validation, stamping and registration of
source/security documents/searches, submit same to legal for appropriate action.
• Enforce the timely and proper preparation, execution, final check of relevant
documentation and BMS update where applicable as per Bank Policy by relevant
parties.
• Ensure full compliance to pre disbursement conditions and make recommendation
for disbursement within appropriate discretionary authority.
4. Monitoring & Supervision
• Ensure appropriate advice and technical assistance is provided to borrower where
needed should problems arise throughout the physical development of the project.
• Prioritize and plan supervision of accounts in order to direct a higher level of close
inspection to those accounts or projects whose performance deviates from the
anticipated path.
• Ensure securities are revalued, renewed and verified where applicable, related fees
are collected, security discharges are enacted and BMS entries are completed as
required on a timely and periodical basis in collaboration with relevant parties.
• Ensure that insurance for all assets under loan security are provided for at market
value during the currency of the loan and timely attendance to requests and advice
from relevant parties.
• Ensure loan accounts are reviewed and reported as per policy, identify appropriate
action for early warning signal for movement of accounts based on grades and
provide recommendation for existence of project i.e. to restructure or rehabilitate.
5. Recovery
• Monitor and measure all loans prudently and implement vigilant arrears follow-up on
repayments, reviews, rescheduling, BMS amendments and documentation.
• Undertake regular review of loan accounts under Non-Performing Loans (NPL) and
take corrective measures to upgrade accounts as per policy.
• Ensure all possible avenues are exhausted in timely and efficient manner regarding
the recovery procedure before downgrading.
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Qualification
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A Degree in Commerce/Accounting/Economics or its equivalent from a recognized institution.
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Experience
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Three (3) Years relevant work experience in a similar environment particularly in Commerce, Banking or Agriculture and holds a valid driver’s license (automatic & manual)
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Salary
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$36,450
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Term
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0
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Start Date
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1/20/2024
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End Date
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2/2/2024
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