Loan Receivable Officer - (St. James and Trelawny)

Summary

JN Bank Limited is seeking to recruit a suitably qualified and experienced individual for the position of Loan Receivables Officer (St. James and Trelawny). The incumbent will be responsible for the administration and management of both current and non current loan receivable with particular emphasis on those accounts which have become or threaten to become difficult to collect or seriously delinquent. In consultation with the Client Relations Manager, the LRO will be required to recommend, coordinate and review collection techniques and negotiate acceptable repayment plans for the delinquent borrowers.

Responsibilities

The Head of Merchant Acquiring and Credit Card Sales will be required to:

• • Prepare documentation for collections/repossessions to be given to bailiff.
• • Recommend utilization of bailiffs or the initiation of legal proceedings
• • Manage the administration of Bailiffs
• • Conduct collection activities in each location within the region at least four (4) times per month. Your collection target will be provided by the Client Relations Manager (CRM).
• • Identify clients’ accounts that are to be assigned to bailiffs where unable to collect
• • Manage the seizure, storage, and sale of repossessed items
• • Monitor clients’ compliance with arrangements made to settle loan balances
• • Report on the number and value of loans being assigned to the bailiffs and provide up to date information on the value of collection for clients under assignment
• • Draft memos to communicate the necessary fees (bailiff, repossession, etc) to be added to clients’ accounts
• • Report on any changes/challenges in the micro-finance collection environment

Required Skills

• • Detail oriented, analytical and inquisitive.
• • Ability to work independently and with others.
• • Proven management and organizational skills.
• • Strong adaptability and capacity to work in fast-paced environments.
• • In-depth understanding of organizational data flow and its use in management decision-making.

Qualifications

• • Bachelor's Degree in Business Administration or a related field of study.
• • At least two (2) year experience in selling and servicing small business credit.
• • Must own a reliable motor vehicle

Additional Information and Instructions

APPLICATION CLOSING DATE: March 6 ,2025

About Jamaica National Bank Limited

JN Bank, a member company in the JN Group, is the third largest bank in Jamaica. We are 100 percent Jamaican-owned with a member base of over 1 million people worldwide and assets totalling $257B. We are a bold and courageous financial institution dedicated to financial inclusion and using business as a force for good. We will always help you find a way, go where no one has gone before to facilitate extraordinary life experiences, create wealth and sustain long-term value…. that’s our promise!

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