Senior Specialist;Collateral QualityAssurance (1 Position(s))

Job Location :Head Office

Job Purpose:

Responsible in supervising the bank’s valuation and verification practices for credit assessment and post approval assurance and reviewing mortgage loan collaterals and set benchmarks for appraisals.

Main Responsibilities:

  • Develop, coordinate, and manage effective training programs for Head Office, Zonal offices and Branches to meet operational requirements.
  • Maintain a sound working knowledge of the mortgage collateral valuation assessment process and be engaged for mortgage assessments (sample/location/areas with issues).
  • Update and draft relevant policies and procedures useful for valuation reports reviews (when required to do so)
  • Participate in refresher training for Relationship Managers (RMs) and Officers (Ros) in the segment of collaterals valuation technics.
  • Evaluate creditworthiness and risks of the mortgage collateral-based valuation assessments and suggest ways to mitigate them (i.e. a sample/ pilot to be taken for evaluation)
  • Conduct feedback meetings with business units on the mortgage assessments challenges and strategies on the way forward.
  • Engage valuation actioners to train on/ develop /Review Collateral assessment, which identifies various valuation methods applicable to the current market for reference of credit assessors.
  • Attend valuation regulatory bodies workshops and find out current market values that impact valuation assessment of a collateral as per market changes.
  • Actively participate in the quality assurance of mortgage loan valuation assessment discussions.
  • Engage with real estate players on the strategies to address the challenge valuation reports.
  • Submit accurate and timely reports, i.e. half-yearly and annually, to Management to inform them of identified variances in valuation reports.
  • Periodical validation of Collateral Management Tool (CMT) data especially on legal mortgages.
  • Design, foresee and ensure implementation of the methodologies for valuation of collaterals for credit exposures TZS50m and below.
  • Based on experience, professional and historical recoveries from foreclosure of collaterals develop /benchmark collateral haircuts to be used assessment and approval processes.
  • Visit some of the collaterals / development mortgages as and when required to do so.

Knowledge and Skills:

  • Knowledgeable and proficient use of Microsoft office programs
  • Must possess excellent knowledge of banking business in general.
  • Excellent interpersonal and customer service skills
  • Supervisory skills
  • Ability to prioritize and work under pressure to meet deadlines under minimum supervision.
  • Training/Capacity building skills.
  • Teamwork and collaborative skills with other business units
  • Negotiation skills

Qualifications and Experience:

  • Bachelor’s degree in Real estate Management, Land Management and Valuation.
  • At least 4 years’ experience in Real Estate Management in the Banking industryNMB Bank Plc is an Equal Opportunity Employer. We are committed to creating a diverse environment and achieving a gender balanced workforce.
    Female candidates and people living with disabilities are strongly encouraged to apply for this position.

    NMB Bank Plc does not charge any fee in connection with the application or recruitment process. Should you receive a solicitation for the payment of a fee, please disregard it.

    Only shortlisted candidates will be contacted.

Job opening date : 21-Aug-2025

Job closing date : 04-Sep-2025

How to Apply:

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