Job Title: Recovery Officer
Location: Lagos
Job Responsibilities
- Follow up on major debtors to resolve Loan repayment challenges before default.
- Working to repossess/recover Assets and properties of defaulting Loan Clients e.g; Bikes, Cars e.t.c..
- Monitor Loan Portfolio of the Bank for the purpose of resolving issues with NPL (Non-Performing Loans) and scaling down the overall
- Portfolio at Risk of the Bank.
- Carry out regular calls, site and follow up visits, to implement remedial strategies and action plans agreed with the Team Lead.
- Raise and tender Demand Notices to defaulting customers of the Bank
- Review all credit files for proper documentation and monitoring.
- Provide progress reports on interactions with Loan Customers in respect of Loan repayment status.
- Monitor and obtain background information and feedback on all accounts assigned to the Assets & Recovery Agencies to ensure
- Accounts to them are fully recovered.
- Monitoring and recovery of Past due obligations/Expired Loans in the Bank.
- Follow up on sale of securities deposited for collateral alongside the legal department after other remedial strategies have been exhausted.
- Preparation and recommendation of strategies for recoveries on major assigned accounts to the Team Lead.
- Preparation of Payment Vouchers to Business Partners for Loan repayment deduction and remittance.
Job Role
- The primary purpose of this position centres on ensuring the Bank’s operations are properly designed, documented and managed.
The positions covers:
- Risk Management (credit risk Analysis)
- Debt Repayment
- Asset/Collateral Recovery and Maintenance
- PAR (Portfolio at Risk) and Credit Monitoring
- NPL (Non Performing Loans) and PDO (Past due Obligations) review and recovery
- In-depth knowledge of Debt/Asset Recovery Policies.
Qualifications
- Candidates should possess an HND or Degree in Finance, Economic, Business Administration etc. from a reputable University or Polytechnic.
- Minimum of 2 years working experience in Loan and Asset Recovery activities.
- Hands-on experience working in a Microfinance and/or FINTECH space
- Strong planning, organizational and time management abilities
- Experience in database Management.
Application Closing Date
Not Specified.
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Job Features
Job Category | Loan Recovery Officer |