Job Title: Recovery and Collection Executive
Location: Lagos
Job Description
- We are in need of a Recovery and Collection Executive who is to apply the different strategies as defined in the Recovery process, policy and strategy manual to have delinquent and default accounts regularized and/ or to provide credit solutions to customers.
Responsibilities
- Manage Large NPA accounts and discuss with customers on credit solutions as defined per the Collections and Recovery Process, Policy and Strategy manual to reduce the NPA exposure.
- Ensure that documentations relative to the debts are up-to-date (Search on Asset, Security documents, property valuation reports)
- Ensure that for all process there is a maker and checker process in preparation of vouchers, reconciliation of accounting reports and any other reporting and submission with Collections and Recovery
- Strict adherence to the Recovery process and policies, Internal policies as well as regulatory guidelines whilst at the same time ensuring proper adoption by the Recovery team members
- Adopt proper records management principle as defined by the bank in terms of upkeep and filing of documentation
- Ensure that the submission timeline is respected with the no delay to internal as well as external stakeholders
- Develop good rapport and liaison with other departments (OPC,Credit Card dept, Finance, IT, Legal, Credit Admins etc…) relative to any recovery process or activity
- Assist and participate in Internal and External audit reviews and also contribute to management responses
- Provide management on regular basis trend analysis of the portfolio and recommend credit measures to be applied
- Steer meetings with Litigation team on cases where foreclosure/ legal recovery have already commenced so as to activate process
- Regularly conduct site visits of high ticket size NPA accounts to assess the recovery scope and also define on the recovery strategy to be adopted
- Conduct Regular meetings with legal administrators/ receivership managers to ensure cases are closed within reasonable period of time
Requirements
- Minimum BSc with at least 10 years MFB experience / Under Graduate / Post Graduate
- At least 5-10 years banking experience
- Experience within Credit and/or Risk
- Experience in Debt collections
- Understanding of BoM guidelines
- Legal recovery knowledge as well as BPA
- Understanding of BASEL convention will be an advantage.
- Additional skills:
- Communication and Listening skills
- Negotiation Skills
- Fluency in English and French
- Ability to use Microsoft Office tools (Excel, Word, PowerPoint)
- Financial – Accounting Principles & Practice
- Credit assessment
- MIS Analytics
- Lending Procedures and Legal aspects would be an advantage
- Risk Management
- Leadership
- Planning and Organizing
- Team Player
- Can do attitude
- Innovative
Method of Application
Interested and qualified candidates should send their CV to: [email protected] using the “Job Title” as the subject of the mail.
Job Features
Deadline | 7th January 2020. |