Development Bank of Rwanda

The Development Bank of Rwanda is Rwanda’s only National Development Bank mandated to support Rwanda’s development goals. Over the last years, the bank has undergone substantial re-organization aimed at positioning it as an “innovative and sustainable provider of development finance for socio-economic impact”.
In order to achieve this vision, the bank’s new strategic plan (2018-2024) has outlined 3 key strategic themes;

• Operational Excellence: Continuous improvement of our credit and risk management system, financial performance and customer services.
• Strategic Partnerships: Forming strategic partnerships to deliver our mandate is a key component of our core activities.
• Dynamic Culture: Continuously improving our pool of knowledge to have the most competent and skilled employees.

To help accomplish this ambitious and exciting vision, the Development Bank of Rwanda (BRD) would like to recruit suitable qualified staff to fill the position Officer, Recovery and Workout:

Position : Officer, Recovery and Workout

Job level : Job Grade 6

Duties and Responsibilities

• Take over assets deemed nonperforming or impaired or in risk of becoming nonperforming or impaired, from Portfolio Management Officers in a structured and documented fashion;
• Carry out regular project visits for loans newly classified as Non-Performing Loan and ensure robust repayments are hard-pressed;
• Monitor repayment of loans in distress and report on progress and recovery actions;
• Analyze the debt workout requested by the client based on the willingness of the client, performance of the project and financial capability of the client to ensure a proposal is submitted for approval depending on the approval levels set in the credit policy;
• Prepare periodic and adhoc recovery reports for assigned clients for review by the Recovery and Workout Manager and the recovery committee;
• Provide all the necessary preparations and support to ensure related processes to receivership and compensation from the guarantee funds are effective;
• Determine, document and present the best course of action in terms of exit strategy;
• Monitor business and financial performance of the debtors Structuring, negotiating and executing Debtor in Possession facilities for impaired counterparties;
• Execute amendments, waivers, consents and any other legal documents pertaining to the asset under management;
• Identifying accounts for filing of suits;
  Initiate litigation filings against debtors/guarantors in order to achieve maximum recovery;
• Documenting lessons learnt from the management and recovery of problem loans with a view to strengthening future related appraisal processes;
  Carry on any other assignment delegated by the line managers.

Job requirements

Professional, academic qualifications and experience

• Bachelor’s Degree in commerce/Business, Law & Administration/ or related field from a recognized institution
• Relevant professional qualification
• A minimum of three (3) years in similar position

Core competencies

• High level of financial literacy.
• Conversant with forced recovery processes (receivership & litigations)
• Computer literacy
• Speed, accuracy and efficiency of transactional processes and reporting.
• Strict adherence to agreed credit turnaround time and Service Level Agreement (SLA).
• credit risk analysis in terms of risk identification, assessment, measurement and mitigation.
• Management, especially the different asset classes institutional investors are exposed to in Africa.
• Working knowledge of customer service software, databases and tools.
• Awareness of industry’s latest technology trends and applications.
• Customers care skills.
• Communication skills

Interested candidate should apply online careers/job_application.php and upload application documents including Curriculum Vitae, copies of degree certificates and professional certificates, past and current service/employment certificates (unproven experience will not be considered during the shortlisting), motivation letter, names of three previous supervisors (AS ONE DOCUMENT) as well as their emails and telephone. ONLY ONLINE APPLICATIONS SHALL BE CONSIDERED.

Submit your CV and Application on Company Website : Click Here

Email: [email protected] (for only inquiries)

Closing Date : 14th May, 2020.

Address all applications to the Chief Human Capital and Administrative Services of the Development Bank of Rwanda.