COLLECTIONS ADMINISTRATOR

VACANCY ANNOUNCEMENT@ OLD MUTUAL

POSITION: COLLECTIONS ADMINISTRATOR

Location: Lilongwe

OVERVIEW
Old Mutual is a firm believer in the African opportunity and our diverse talent reflects this.

Job Description
To support the effective administration and monitoring of OMFIN’s loan portfolio by maintaining accurate collection records, reconciling repayments, monitoring arrears and conducting early-stage collections. The role will help ensure that repayments are received, correctly allocated and followed up promptly to maintain a healthy loan portfolio.

Key Roles And Responsibilities

Collections administration and reconciliation
Maintain accurate and up-to-date records of loan repayments, outstanding balances, arrears and collection performance in the core banking system.
Reconcile loan repayments received through payroll deductions, bank transfers, mobile money and other approved collection channels against system records and collection schedules.
Investigate repayment discrepancies, unidentified receipts, missed deductions and under-deductions, escalating unresolved differences promptly.
Prepare and validate employer payroll deduction schedules and follow up on confirmation of deductions and remittances.
Monitor expected versus actual collections and ensure that payments are allocated to the correct customer accounts.
Maintain a record of collection exceptions and ensure that outstanding items are resolved within agreed timelines.

Financial Acumen

Manages Complexity

Optimizes Work Processes

Education

Bachelor of Accounting (BAcc): Accounting And Business Administration

Closing Date

06 November 2026 , 23:59

The Old Mutual Story!

https://oldmutual.wd3.myworkdayjobs.com/Old_Mutual_Careers/job/Lilongwe/Collections-Administrator_JR-84820?source=OML_REC_SOURCE_LinkedIn