Senior Recovery Officer

4 days ago


Lagos, Lagos, Nigeria Assets Microfinance Bank Full time

Job Description

  • Develop, implement, and manage effective recovery strategies for delinquent loans, ensuring timely follow-up and resolution.
  • Conduct detailed analysis and reporting on recovery activities and performance, and collaborate with the credit team to identify and mitigate risk factors.
  • Negotiate payment arrangements and settlements with clients in arrears, maintaining positive client relationships throughout the process.
  • Ensure compliance with legal and regulatory requirements in all recovery activities, and maintain accurate records of recovery actions and client interactions.
  • Provide training and support to junior recovery officers and other team members, while continuously reviewing and improving recovery policies and procedures.

Requirements

  • A minimum of First Degree in Finance, Business Administration, Economics, or related field from a reputable University.
  • Minimum of 8 years work experience in loan recovery, credit management, or a similar role in the financial service sector strictly Microfinance Banks, with at least 4 years in a senior level and sales role in a structured organization.

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