Zonal Collateral Inspection and Reporting Specialist at NMB Bank Tanzania

Responsible for conducting regular field inspections and physical verification of pledged or warehoused collateral to confirm quantity, quality, and condition. Ensure that all collaterals are stored properly, secured, and documented in line with bank policy.

Main Responsibilities:

• Prepare timely and accurate inspection reports, highlighting any discrepancies, deterioration, or risks observed.
• Maintain a structured schedule of inspections based on risk category, loan value, and asset type.
• Support onboarding and classification of new collateral by validating its physical and legal status.
• Identify and escalate instances of non-compliance, under-collateralization, or suspected tampering or diversion of goods.
• Monitor collateral value fluctuations and alert relevant teams to breaches of minimum coverage requirements.
• Recommend risk mitigation measures, such as enhanced monitoring or third-party validation, for high-risk collateral.
• Maintain documentation trails and photo logs to support traceability and audit readiness.
• Work closely with Relationship Managers, Credit Analysts, and Risk Officers to plan inspection visits and report findings.
• Coordinate with warehouse operators, borrowers, and third-party collateral managers during field inspections.
• Serve as a liaison between the bank and external inspection agencies when outsourcing verification.
• Provide inspection-based feedback to collateral governance teams to improve control measures.
• Conduct regular on-site audits and inspections of the warehouse facilities and goods.
• Verify the authenticity and condition of warehouse receipts and collateral
• Report discretion, risks or any signs of collusion between collateral managers and depositors
• Collaborate with external collateral managers and provide real-time updates to the head office.

Knowledge and Skills:

• In-depth knowledge of asset types commonly used as collateral (agricultural produce, equipment, inventory, etc.).
• Strong understanding of collateral control practices, warehouse logistics, and security protocols.
• Excellent report writing, photographic documentation, and analytical skills.
• Ability to travel extensively and work in rural or semi-urban settings as required.
• Proficient in using inspection tools and digital reporting platforms (e.g., mobile forms, inspection apps).

Qualifications and Experience:

• Bachelors degree in Agriculture, Agribusiness, Finance, Economics, Supply Chain, or related fields.
• Certification in asset valuation, field auditing or related fields will be an added advantage
• A minimum of 3 years' experience in asset inspection, warehouse operations, or collateral verification.
• Experience in agricultural lending, commodity handling, or field audit.

NMB 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.