Vacancy at a Micro Finance Bank

 Employment Nigeria 28-Apr-2017 LAGOS , Banking and Finance  

POSITION : Head, Recovery Unit

Responsibilities

  • Implement the best recovery strategies in line with the bank’s goal.
  • Implementing the loan recovery policies and procedures.
  • Ensuring proper monitoring of the loan portfolio bank wide.
  • Investigate and thoroughly understand borrowers’ problems, proffer solutions for resolving such delinquent loans.
  • Categorization of delinquencies and steps to be taken.
  • Liaise with unit heads on past due obligations and sending signals to the loan monitoring committee for further directives.
  • Manage and control all matters relating to delinquent client accounts (Unsecured, Secured) by constantly executing recovery procedures and ensuring appropriate actions are taken to full recovery.  
  • Highlights and escalates any delinquent client history and ensure future loan request are declined.
  • Ensures healthy portfolio management and benchmark PAR against regulatory standard.
  • Perform administrative work or other job functions related to recoveries.
  • Monitor accounts daily in the allocated queues and effectively utilize the bank's recovery software systems in line with approved recovery strategies.
  • Overall supervision of the loan recovery department.

Qualifications

  • Must not be more than 40 years.
  • Degree in relevant field.
  • Must have 5 to 7 years working experience.
  • Must have managed a portfolio of N1.5billion Naira.
  • Must have undergone series of training in loan recovery and portfolio management.         

Skills:

  • Focused & proactive individual able to effectively communicate ideas.
  • Persistent and dedicated to recovery.
  • Creative and able to come up with recovery templates.
  • Strong report writing and supervisory skills.
  • Analytical with accurate eye for detail.
  • Computer literate.
  • Ability to work long hours.
  • Strong customer relation skill.
  • Working knowledge of company, industry & banking guidelines & regulations.
  • High level of interpersonal and communication skills with strong listening & negotiating abilities. 

How To Apply
Candidates should send their CV's and Cover Letters to:headofrecoverydepartment@gmail.com



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