Jobs

Vacancy for a Loan Recovery Officer in a Micro-finance Bank in Lagos


A rapidly expanding state -licensed Micro-finance Bank with head-quarters in Lagos requires application from suitable candidates to fill vacant position of: Job Title: Loan Recovery Officer Location: Lagos Job Description

  • To ensure healthy loan portfolio management and ensure portfolio quality meets regulatory standards.
Duties and Responsibilities
  • Achieve the required threshold on past due obligations on assigned portfolio
  • Execute the loan recovery policies and procedures on assigned portfolio
  • Take ownership of assigned delinquent portfolio
  • Follow up on defaulting clients on previous payment arrangement
  • Maintain comprehensive and up-to-date records of defaulting clients with actions taken and the next course of actions.
  • Ensure proper monitoring of the loan portfolio
  • Negotiate repayment terms with defaulting clients
  • Investigate and thoroughly understand borrowers’ challenges and proffer solutions for resolving such delinquent loans.
  • Perform administrative work or other job functions related to recoveries.
Relevant Skills, Qualification, Attributes & Experience
  • Minimum of 2-3 years cognate experience in loan recovery in a properly structured Microfinance Bank
  • Assertive and Strong Negotiation Skills.
  • Excellent communication, reporting,& interpersonal skills.
  • Applicants must not be more than 35 years.
  • B.Sc/HND in a Numerate discipline or the Social Sciences.
  • Good Knowledge of banking laws and regulatory practices.
  How to Apply Interested and qualified candidates should send their CV's to: [email protected] Application Deadline  12th May, 2017.