Loan Recovery Officer

Company: Mo Finance Corporation Ltd

Apply Before: Jun 10, 2025

Job Detail

Location:

Dar es Salaam, Tanzania
Company:

Mo Finance Corporation Ltd
Type:

Full Time / Permanent
Career Level:

Senior Management
Positions:

1
Experience:

3 - 5 Years
Education:

Bachelors
Profession:

Office Administration / Support Services
Industry:

Accounting / Finance / Taxation / Auditing
Remuneration (Net):

TZS
Date Posted:

Apr 22, 2025

Job Description

Vehicle Recovery: Locate and recover vehicles from customers who have defaulted on their payments and work in shifts
Critical Response: Be on guard to respond immediately with appropriate on any threat alerts and take the necessary action on the ground
Investigation: Conduct thorough investigations to determine the location of the vehicle, which may include surveillance, interviews, and review of public
Documentation: Maintain detailed records of all repossession activities, including dates, times, and locations of recovered vehicles, as well as any interactions with customers.
Compliance: Ensure all repossession activities are performed in accordance with compliance, and local laws and regulations.
Customer Interaction: Communicate professionally and respectfully with customers, explaining the repossession process and their rights.
Safety: Adhere to all safety protocols to ensure the well-being of team members and the public during repossession activities.
Recovering Loan Amount: Perform other assigned tasks and duties necessary and support collecting the Accounts Receivable.
Bad Debt recovery: Negotiate repayment plans and settlements with debtors, and implement strategies to effectively recover potential bad debts/ loss amounts
Restructuring: Preparing restructuring plans for approval and assisting too executing on them before a client turns more than 90 days past due.
Repossessed Asset Liquidity: Coordinating overall and effective coordination of legal resources, repossession agencies and the resale of assets (in a timely manner) and the relevant letters of Demand and Repossession are sent in a timely fashion, the repossession process commences as plaid down in the
External Stakeholders Relationship: Manage relationships with external partners, including collection agencies and legal firms.

Skills Required

Company Overview

Mo Finance Corporation Ltd

Dar es Salaam, Tanzania

2 Current Jobs Openings

MO Finance Corporation Ltd is a non-deposit taking microfinance institution incorporated under the Companies Act of 2002 and licensed by the Bank of Tanzania under the Microfinance Act 2018 (Cap. 407) and its regulations of 2019. The company opera... Read More

Job Detail

Loan Recovery Officer

Job Detail

Job Description

Skills Required

Company Overview

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