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
