Immediate Start
New
1 week ago
Recovery Manager
Mkobo Microfinance Bank
Accounting, Auditing & Finance
Banking, Finance & Insurance
NGN
250,000 - 400,000
Easy Apply
Job Summary
The primary purpose of this position centers on ensuring that the Bank’s disbursed Risk Assets are duly and fully collected and recovered from Debtors (Loan Customers) as at when due. The position covers: Credit risk Analysis, Loan Repayment, Debt Recovery, Credit Monitoring, Non-Performing Loans (NPL) review
- Minimum Qualification : Degree
- Experience Level : Mid level
- Experience Length : 3 years
Job Description/Requirements
Responsibilities:
- Follow up with major debtors to resolve Loan repayment challenges before default.
- Ensure and enforce repossession/recovery of Assets and properties of defaulting Loan
- 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
- Provide progress reports on interactions with Loan Customers in respect of Loan repayment status.
- Monitor and obtain background information and feedback on all over due accounts.
- Monitoring and recovery of past due and expired Loans in the Bank.
- Preparation and recommendation of strategies for recoveries on major assigned accounts to the management.
- Negotiation of suitable repayment plans with defaulting Customers who are willing but unable to
- Fully repay their past due obligations in one installment.
Requirements:
- At least 3 years of experience
- BSc. Degree in Finance, Accounting or a similar course of study
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