Wednesday, 23 August 2017

Job Opportunity at CRDB, Loan Specialist



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.


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
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
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
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

CRDB BANK PLC offers competitive remuneration and benefits. Successful
candidate will receive
attractive and competitive package commensurate with demands of the

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
Tel: 022-2117441/7
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