• Application Deadline: Sun, 27 Apr 2025 00:00:00 GMT
• Position: Loan Monitoring and Recovery Officer



• Job Type Full Time



• Qualification BA/BSc/HND



• Experience 1 - 4 years



• Location Akwa Ibom




• Job Field Banking 
  
  

Job Duties

• Liaising with field Credit Officers to follow up on upcoming repayments


• Providing clarifications about repayments and interest accrued


• Following up with Field Credit Officers on loans in default


• Handling customer enquiry requests from Field Credit Officers in regards to loan repayment


• Following up with Field Credit Officers on loans that are due for repayment


• Tracking low turnover of businesses on the loan and following up with Field Credit Officers to ensure improvement


• Perform all other functions as may be assigned by the line manager


• Checking past due notices/other client correspondence/letters.


• Monitoring customers’ compliance with a timeline.


• Reduction of Loan Restructuring, Loan Refinancing and Loan Write-offs


• Ability to react proactively to unhealthy and risky portfolios thereby saving the institution losses.


• Conduct prompt follow-up on all parties leading to a jointly negotiated settlement and reduction of losses.


• Look for innovative ways to get loan repayment other than restructuring, refinancing and write-offs.


• Reduce write-off projections for own portfolio in line with monthly set targets