Portfolio Management Officer (Work-out/Remedial) at Trade and Development Bank (TDB)

Job Summary

Reporting to the Executive, Portfolio Management or designate, this position is responsible for the overall management of clients in distress on behalf of the Bank and other stakeholders. The position handles insolvency cases including management of dormant receiverships and providing linkages between external insolvency practitioners and the Bank e.g., receivers and managers, liquidators, provisional liquidators, statutory managers, administrators, administrative receivers.

Further, the Portfolio Management Officer provides support to the day-to-day credit operations in respect of distressed accounts or those accounts depicting early warning signals in close consultation with respective Portfolio Management Officers and working closely with the Work-Out Unit.

Main Responsibilities

The duties and responsibilities of the role include but are not limited to:

• Supervise and co-ordinate the activities of any insolvency proceedings by putting in place reporting mechanisms that would allow proper oversight without unduly exposing the Bank.
• Provide overall management for dormant receiverships under the in-house insolvency practitioner by use of structures and control mechanisms that ensure Bank assets are preserved.
• Review the status of each distressed client company and make recommendations with a view to ensuring cost effectiveness and identification/set up of appropriate management information systems to inform decision making by management.
• Support other Portfolio Management Officers with respect to management of any accounts facing performance and/or debt service challenges.
• Develop and implement budgets for recoveries to ensure that all operations and activities run smoothly as scheduled.
• Prepare an annual work plan indicating all the distressed accounts, both Non-Performing and written-off Loans, with forecasts on collections and recoveries for management decision making.
• Carry out pre-insolvency studies and advise management on the nature of insolvency proceedings.
• Determine resource requirements for the insolvency proceedings to ensure efficiency and cost effectiveness.
• Ensure compliance with legal requirements to minimize risks and penalties.
• Manage court cases and out of court settlement arrangement to protects the Bank's interest and achieve recoveries from accounts under litigation.
• Perform other duties and responsibilities as may be delegated to ensure smooth and efficient running of the Department.

Qualifications and Competencies

• A Master’s degree in Business Administration, Finance, Commerce, Economics, Accounting, Law, or related field from a recognized university.
• Professional legal or accounting qualification e.g., a Chartered Accountant, a Certified Public Accountant, or an advocate.
• Membership of a recognized professional body.
• A minimum of 5-8 years of relevant professional experience and proven track record in a Commercial / Development Banking or Financial institution environment.
• Prior professional experience (at least 2 years) in corporate or project or trade financing, including investment banking, or business consulting in emerging market/Sub-Saharan Africa.
• Appropriate/Extensive/Relevant knowledge of legal and regulatory environment in member countries.
• Team player with ability to work in different environments and with culturally diverse teams.
• Ability to work flexibly on a range of assignments and still deliver top quality work while meeting tight deadlines.
• Excellent verbal and written communication skills in English. Knowledge of the Bank's other working languages (French or Portuguese) would be an added advantage.