Recovery Officer at La Fayette Microfinance Bank Limited

 Employment Nigeria 09-Feb-2018 OYO , Accounting  

La Fayette Microfinance Bank Limited will join Cameroon, Ghana, Democratic Republic of Congo, Tanzania, Cambodia and Ivory Coast as member of Advans group network. Advans SA SICAR was created in 2005 by Horus Development Finance together with several development financial institutions: IFC, FMO, KFW, CDC, EIB, AFD Group.

La Fayette Microfinance Bank recently received the Approval-in-Principle from the Central Bank of Nigeria to carry out microfinance services in Oyo State.

Job Title: Recovery Officer 


Job Description

  • The Recovery Officer will be responsible for the efficient follow-up and recovery of outstanding repayments, interest and penalties on delinquent loans either in form of cash or through seized assets.

Main Purpose and Objectives of the Job

  • Recovery Management
  • Asset seizure/ sales
  • Manage a portfolio of arrears clients with the purpose to decrease the outstanding amount of overdue loans
  • Ensure and maintain excellent portfolio quality
  • Reduce loan restructuring, loan refinancing and loan write-offs of the bank

Essential Requirements

  • Capacity to communicate efficiently both orally and in writing
  • A very analytical and tactical mind
  • Capacity to investigate effectively with clients and guarantors
  • Capacity to obtain information from external sources.
  • Fluent in English and Yoruba
  • Physically fit.
  • Willingness to travel around branches.

Other Requirements

  • A minimum of HND / BSC in any discipline.
  • A minimum of 3 years working experience in a similar position of which 2 years must be in a financial institution.
  • A valid drivers license and ability to drive will be an added advantage.
  • Practical knowledge of micro/small business and market environment will be an added advantage.


Sorry the application deadline for this job has elapsed



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