JOB TITLE: Recovery Officer
JOB LOCATION: Lagos
Employment Type: Full-time
JOB DETAILS:
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.
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.
What We Are Looking Out For
- Minimum of 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.
Skills:
- Critical Thinking
- Good Analytical skill
- Proficiency in MS Office
- Impact Analysis and measurement
Apply Now
Deadline: November 26, 2021
Job Features
Job Category | Loan Recovery Officer |