Senior Manager, Recovery Job at Akiba Commercial Bank, September 2026
Banking JobsSenior Manager, Recovery
Company: Akiba Commercial Bank PLC (ACB)
Department: Credit / Risk Management
Reports To: Head of Credit
Location: Dar es Salaam, Tanzania
Application Deadline: 16 September 2026
Job Description
Akiba Commercial Bank PLC is seeking a highly experienced and results-oriented Senior Manager, Recovery to lead the Bank’s recovery activities for non-performing and impaired credit facilities.
The successful candidate will be responsible for developing and implementing effective recovery strategies aimed at maximising debt recovery, reducing credit losses, improving arrears management, and strengthening the overall quality of the Bank’s credit portfolio.
The role requires strong leadership, extensive banking and credit recovery experience, sound knowledge of Tanzanian banking regulations, and the ability to manage complex distressed assets and recovery processes.
Job Purpose
The Senior Manager, Recovery will develop, direct, and execute recovery strategies for non-performing assets across Akiba Commercial Bank PLC.
The role will focus on:
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Maximising recovery of outstanding debts.
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Reducing Non-Performing Loans (NPLs).
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Minimising credit losses.
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Strengthening arrears management.
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Improving recovery processes and controls.
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Managing distressed assets effectively.
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Leading and developing the Recovery Team.
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Ensuring all recovery activities comply with applicable legal and regulatory requirements.
Key Responsibilities
Recovery Strategy and Policy Implementation
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Develop, implement, and continuously improve recovery strategies, policies, procedures, and operational workflows.
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Ensure recovery approaches are aligned with the Bank’s credit risk strategy and business objectives.
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Implement initiatives aimed at reducing Non-Performing Loans and strengthening portfolio quality.
Portfolio Management
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Monitor non-performing, distressed, and impaired credit facilities.
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Ensure early identification of recovery risks and timely intervention.
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Develop appropriate recovery strategies for individual accounts and portfolio segments.
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Monitor progress against agreed recovery targets and action plans.
Asset Realisation and Recovery Action Plans
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Assess and recommend appropriate recovery options for distressed facilities.
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Implement loan restructuring arrangements where appropriate.
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Negotiate out-of-court settlements with borrowers.
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Coordinate litigation and legal recovery processes.
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Oversee collateral realisation and liquidation where necessary.
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Ensure recovery options are selected based on commercial viability, legal requirements, and risk considerations.
Team and Vendor Management
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Lead, manage, coach, and develop the internal Recovery Team.
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Set clear performance objectives and monitor team performance.
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Coordinate and supervise external recovery service providers.
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Monitor the performance of debt collection agencies, law firms, auctioneers, and other recovery partners.
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Ensure external service providers operate in accordance with agreed standards and contractual requirements.
Performance Monitoring and Reporting
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Prepare detailed recovery plans and portfolio performance reports.
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Develop impairment forecasts and recovery projections.
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Provide regular recovery updates to senior management.
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Prepare reports and presentations for relevant management and Board committees.
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Monitor recovery performance against agreed targets and Key Performance Indicators.
Compliance and Risk Management
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Ensure recovery activities comply with the Bank’s internal credit and risk-management frameworks.
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Maintain full compliance with applicable statutory requirements.
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Ensure adherence to Bank of Tanzania regulatory guidelines.
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Monitor emerging risks within the recovery portfolio.
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Recommend and implement appropriate risk-mitigation actions.
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Ensure recovery actions are conducted professionally, ethically, and within applicable legal requirements.
Additional Responsibilities
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Support broader credit and risk-management initiatives where required.
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Perform any other related duties assigned by executive management from time to time.
Qualifications
Applicants should possess:
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Bachelor’s degree in Banking, Finance, Business Administration, Law, Economics, or a closely related discipline from a recognised institution.
Experience Requirements
The ideal candidate should have:
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At least 10 years of overall professional experience within banking or the financial services sector.
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At least five (5) years of managerial experience specifically in:
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Credit recovery.
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Distressed asset management.
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Loan restructuring.
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Related credit-risk or recovery functions.
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Technical Knowledge
Candidates should demonstrate strong knowledge of:
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Credit risk frameworks.
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Debt recovery strategies.
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Non-Performing Loan management.
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Loan restructuring.
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Distressed asset management.
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Insolvency procedures.
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Collateral realisation.
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Litigation and recovery processes.
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Tanzanian banking laws and regulations.
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Bank of Tanzania regulatory requirements.
Core Competencies
The successful candidate should demonstrate:
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Strong analytical and decision-making skills.
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Excellent negotiation ability.
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Strong leadership and people-management skills.
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Excellent written and verbal communication skills.
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Strong problem-solving capability.
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Ability to manage complex recovery cases.
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Strong stakeholder-management skills.
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High levels of integrity, professionalism, and accountability.
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Ability to work effectively under pressure and meet recovery targets.
How to Apply
Interested and qualified candidates should submit:
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Updated Curriculum Vitae (CV).
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Cover Letter.
Applications should be sent to:
Applicants should use the following email subject line:
Application for Senior Manager, Recovery – Job ID 144398
Application Deadline
16 September 2026
