Job Information
Job Information
New!
Retail Collections Officer
Company Information
Company
Sagicor Jamaica
Website
https://www.sagicor.com/
Contact Name
Contact Email
sagicorjobs@careerjamaica.com
Job Type
Full-time
Department
Sagicor Bank Jamaica Ltd.
Category
Banking/Finance
Posted
11-02-2025
Job Status
Start Publishing
11-02-2025
Stop Publishing
15-02-2025
[Kingston,Jamaica ]
Description
"Looking for a diverse and rewarding career?
If you're looking to grow your career within a stable and growing financial services company, then Sagicor may be right for you!"
Sagicor Bank Jamaica Limited is seeking a suitable candidate to join our Credit Risk team in the c apacity of: Retail Collections Officer
Location: Kingston
As a Retail Collections Officer, you will:
- Manage the bank’s delinquency portfolio of loans and overdrafts, by recommending and initiating corrective actions.
- Contribute to the quality of Sagicor Bank’s retail credit portfolio.
- Minimize the risk of loss within the credit portfolio through efficient execution of Sagicor Bank.
- Request and monitor the credit file of delinquent borrowers which will be obtained from the branches.
- Schedule meetings, carefully research and respond to letters/ emails, manage calls and update follow up sheets.
- Conduct investigations and initiate corrective action on delinquent accounts, including recommendation for principal waivers.
- Establish whereabout of borrowers and reason for delinquency.
- Establish and maintain constructive interactions in negotiating with delinquent borrowers in developing suitable repayment plan with borrowers/ guarantors.
- Issue the prescribed delinquency notices to delinquent borrowers/ guarantors.
- Collect payments from delinquent borrowers/ guarantors.
- Identify facilities that qualify for improved classification and obtain approval to return these facilities to the Branch.
- Identify and recommend securities for liquidation.
- Arrange for bailiffs to repossess and store motor vehicles and equipment.
- Arrange for public auction of properties for foreclosure and prepare documents for approval.
- Produce periodic and monthly reports.
- Visit Branches to give support to the review of the early delinquency Loan Portfolio.
- Perform any other duties assigned from time to time.
What do you need?
- Bachelor’s Degree in Management Studies, Finance, Banking or Accounting from a recognized tertiary institution.
- Minimum of four (4) years’ working experience in banking with at least two (2) years’ working experience in Collections.
- Banking experience with emphasis in Credit Management would be an asset.
- High level of analytical, problem-solving and decision-making skills.
- Exceptional communication skills.
- Has tenacity in meeting targets.
- Sound credit judgment.
- Knowledge of the Bank’s policies and procedures regarding lending and collections.
- Thorough knowledge in the art of negotiating and debt collection techniques.
- Self-motivated, organized and results oriented.
- Knowledge of collateral and securities.
- High degree of confidentiality and professionalism.
- Sound knowledge of computer software packages including word processing and spreadsheet applications.
If this role is of interest to you, kindly submit an application via Sagicor's career portal no later than February 14, 2024.
While we appreciate all applications, only shortlisted candidates will be contacted.
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