Background

INGANJI SACCO RUBAVU refers to a District Savings and Credit Cooperative (D-SACCO) established following the consolidation of 12 Umurenge Savings and Credit Cooperative (USACCO's) operating within RUBAVU District, in accordance with the Government of Rwanda SACCO's consolidation framework and under the supervision of the National Bank of Rwanda (BNR) INGANJI SACCO RUBAVU is looking for qualified, competent, committed, proactive and self-motivated individual to occupy the following position.

Job Summary

We invite applications for the position of Central Loan Recovery Officer. The Central Loan Recovery Officer is responsible for ensuring effective loan repayment, minimizing credit risk, and maintaining the health of the INGANJI SACCO RUBAVU’s loan portfolio. The role focuses on tracking overdue loans, engaging with members to secure timely repayments, negotiating repayment arrangements, and taking appropriate actions on delinquent accounts in alignment with the SACCO's credit policies and regulatory requirements. This position supports financial stability and helps maintain strong member relationships while protecting the SACCO's financial interests.

Duties and Responsibilities:

Under the supervision and guidance of the Head of Credit Officer:

• To analyze and review non-performing loans on a regular basis and to develop ways to recover them at headquarters level;
• Initiate the cancellation of loan agreements, notify the national institution responsible for registering collateral and follow the procedures for realizing collateral at headquarters level;
• Monitoring and recovery of syndicated/joint loans;
• Monitor and control bad debts by reviewing files and discussing with the Cooperative's creditors regarding payment plans at headquarters level;
• Analyzing bad debts based on the number of years or months that have passed (aging) and providing appropriate strategies to recover all debts of customers who do not repay back well at Headquarters level;
• Managing files of many customers with different large debts;
• Establishing collaboration and relationships with various institutions that will assist in the recovery of written off loans or canceled debts at headquarters level;
• Submitting monthly, quarterly, annual and other reports as necessary to the supervising manager indicating the nature and classification of loans at headquarters level;

Qualifications & Experience required:

• Bachelor's degree in finance and banking, accounting, or any relevant field.
• Minimum 3 years of working experiences in credit function of financial industry, preferably microfinance institutions.
• Good understanding of the bank branch operations, rules and regulations, laws, granting loans, and credit risk management.
• Strong analytical and problem-solving skills.
• Good negotiation, interpersonal and convincing skills.
• Patience and understanding of emotions to deal with members and SACCO staff.
• Ability to make fair and ethical decisions in tough circumstances.
• Excellent organizing, recording and filing skills.
• Strong dedication to accuracy and efficiency

• To analyze and review non-performing loans on a regular basis and to develop ways to recover them at headquarters level;
• Initiate the cancellation of loan agreements, notify the national institution responsible for registering collateral and follow the procedures for realizing collateral at headquarters level;
• Monitoring and recovery of syndicated/joint loans;
• Monitor and control bad debts by reviewing files and discussing with the Cooperative's creditors regarding payment plans at headquarters level;
• Analyzing bad debts based on the number of years or months that have passed (aging) and providing appropriate strategies to recover all debts of customers who do not repay back well at Headquarters level;
• Managing files of many customers with different large debts;
• Establishing collaboration and relationships with various institutions that will assist in the recovery of written off loans or canceled debts at headquarters level;
• Submitting monthly, quarterly, annual and other reports as necessary to the supervising manager indicating the nature and classification of loans at headquarters level;

• Strong analytical and problem-solving skills.
• Good negotiation, interpersonal and convincing skills.
• Patience and understanding of emotions to deal with members and SACCO staff.
• Ability to make fair and ethical decisions in tough circumstances.
• Excellent organizing, recording and filing skills.
• Strong dedication to accuracy and efficiency

• Bachelor's degree in finance and banking, accounting, or any relevant field.
• Minimum 3 years of working experiences in credit function of financial industry, preferably microfinance institutions.
• Good understanding of the bank branch operations, rules and regulations, laws, granting loans, and credit risk management.