29 Aug 2022

Recovery Officer at VisionFund Rwanda (VFR)

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Job Description

August 29th , 2022

Job Opportunities in VisionFund Rwanda

‘’Make a difference to thousands in the land of a thousand hills’’

VisionFund Rwanda (VFR), is Rwanda’s largest microfinance Institution committed to the development of Rwanda through providing affordable financial services (savings and loans) to the less privileged throughout its 4zones in Rwanda. VFR is the institution where you can develop your expertise working with the best people worldwide in a dynamic, team focused high performance environment. If you are looking for interesting but challenging work where you can make a difference in the world, then VFR has the will to make it so. VFR needs to recruit experienced and qualified staff on following positions:

2 Recovery officers

Reporting to :1 to Head of recovery and compliance and 1 to Kigali blanch manager 

Work location:1 at Head Office/Kacyiru and 1at Kigali Branch/Muhima

To recover the maximum amount of non-performing loans while safeguarding VFR’s reputation in the market.

Major responsibilities

  • Monitor the quality of the credit portfolio.
  • Communicate with Loan officer and client on non-performance of loans and carry out required recovery action.
  • Determine and enforce required recovery action for defaulted loans above 30 days in arrears.
  • Communicate and coordinate activities required from external parties (such as legal services, Receiver and bailiff, local leaders etc.).
  • Work with Legal department and external parties for recovery of defaulted loans.
  • Provide the Risk Department at Head Office with relevant input for policies and procedures. (in coordination with the Branch manager).
  • Review credit assessments as part of Branch Credit Committee.
  • As part of Branch Delinquency Committee, present recovery actions taken on defaulters and propose new strategies to recover arrears.
  • Train loan officers on identification of high risk clients.
  • Draw recovery related reports for internal or external use.
  • Comply with applicable BNR and other regulatory requirements.
  • Perform other tasks reasonably required by the supervisors within the framework of this job description.

Qualification, experience, skills and knowledge

Education: Degree in accounting, Finance or related field, preferably with knowledge of applicable laws

Experience: 2-5 Years in related field..

Skills and knowledge:

  • Have an established track record in lending and recovery.
  • Be able to represent VFR under strong pressure from the client.
  • Ability to thoroughly analyse financial information.
  • Be independent from the client.
  • Understand legal framework for recovery of loans.
  • Negotiation skills
  • Ability to demonstrate a good understanding of the client.
  • Be a good communicator and have the ability to deal with conflict.

Our offer

VisionFund Rwanda is willing to offer you a competitive salary, challenging work where you can make a difference in the world, develop your expertise by working with the best people worldwide in a dynamic, team focused and high performing environment.

Method of Application

Should you wish to apply for this position, please go https://worldvision.wd1.myworkdayjobs.com/enUS/WorldVisionInternational/jobs/details/Recovery-Officer_R10353. All applicants must apply using our online application system, CVs received via email or standard post will not be considered.

 If the aforementioned positions speak to you, carefully complete the pre-screen questionnaire and attach your Application letter together with detailed and updated CV via  above mentioned Link by or before  5th September, 2022.

In case you face any challenges in applying, please let us know on: [email protected]  (no applications will be accepted through this email).

Only shortlisted candidates will be contacted.

By sending in your application, you consent to VFR running a background check on.

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