Bank, Dar es Salaam, Tanzania
A great opportunity is being reopen for a Head of Legal & Recovery to work in a Bank. The ideal candidate will be responsible for managing legal risk through provision of advanced legal services and loan portfolios.
JOB DESCRIPTION
- Determine the need for litigation and where this is required handle directly or through external legal counsel
- Ensure appropriate action is taken on non-performing accounts .
- Review , advice and make recommendations on loan documents, leases, agreements and contracts and ensure that the Bank's interest are protected prior to execution.
- Monitor and ensure that all legal requirements with regard to changes in Capital Structure, annual Returns and Dividend payment are adhered
- Management of the entire delinquent / non- performing portfolio in the Bank's leading Book.
- Undertaking recovery processes.
- Representing the Bank in court sessions involving recovery suits, court attachment orders and public auctions making sure that bank interests are protected
- Liaising with external parties.
- Build a list of uncollectible loans and recommend for write offs through assessing the trend of recovery activities on the delinquent loans
- Develop and maintain a database of 'Black- listed loans' and nominate their names to credit information Bureau [CIB].
- Organize, attend, record and produce Minutes and Resolutions of deliberations of all Board meetings
- Record and maintain updated registers for the Bank
- Seal, witness execution of documents and securely maintain the Company seals for the bank
- Perform all required company secretariat functions for Bank's management committee and Board of Auditor committee.
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