Job Opportunity at CRDB, Loan Specialist

CRDB BANK PLC , AUGUST 2017

Background:

CRDB Bank PLC is looking for suitable person to fill a vacant position of Loan Work Out Specialist in the Department of Special Asset Management at the Head Office, in Dar es Salaam Tanzania.

LOAN WORK OUT SPECIALIST

Job Summary:

Negotiate and formalize retention or liquidation workout solutions with defaulted borrowers, in an effort to minimize foreclosure and to mitigate loss to the borrower and/or the company.

Duties and Responsibilities:

• Negotiate and finalize specific terms of retention or liquidation workout solution with borrower.
• Analyze financial statements, loan documentation and other relevant data
• to determine best workout solution.
• Conduct gain/loss analysis on loans to project any potential future loss versus the acceptance of a short sale, deed in lieu, or cash for keys.
• Facilitate disposition efforts with borrowers, loan officers, attorneys, recovery agents, title companies and/or other third parties. Follow up as needed to ensure closure of approved deals.
• Educate and counsel borrower on workout options and the implication of each option.
• Obtain transaction approval by preparing deal package for management
• review. Present liquidation offers that may result in a loss to management that will result in the maximum return for the company/investor.
• Maintain current status of each deal in loan servicing system; provide
• updates to management as needed; and gather documents for investor reporting.
• Perform other duties as assigned.

Preferred Qualifications - Education and Experience :

• Degree in finance, economics, banking or equivalent
• At least 10 years experience in corporate loan restructuring, workout
• and/or recovery through receivership or liquidation
• Experience in mergers and acquisitions
• Experience in handling agribusiness loans
• Experience in handling group companies both local and international

General Profile and Attribute for All Applicants:

• Negotiation skills
• Time management skills
• Attention to details
• Ability to make decisions independently within set policies and procedures
• Ability to read and interpret documents such as policy manuals, safety rules,
• Skills in developing financial modeling
• Excellence in interpersonal, communication and team skills
• Analytical ability, adaptability, initiative and resourcefulness
• Strong rapport and relationship building skills
• Good level of business awareness and problem solving

Remuneration:

CRDB BANK PLC offers competitive remuneration and benefits. Successful candidate will receive

attractive and competitive package commensurate with demands of the position.

Mode of Application & Closing Date

Interested candidates who meet the above criteria should submit an Application Letter accompanied with copies of academic transcript, certificates and with a detailed up to date CV with two work related referees addressed to the Director of Human Resources not later than 1st September 2017.

Director of Human Resources

CRDB Bank Limited

P.O.Box 268

DAR ES SALAAAM

Tel: 022-2117441/7