Collections Leads at Wema Bank Plc

Job Overview

Location
Lagos, Lagos
Job Type
Full Time
Date Posted
5 months ago

Additional Details

Job ID
136696
Job Views
39

Job Description






Lead and manage a team of collection specialists by providing direction, coaching, and fostering a positive work environment while driving strategies to improve debt recovery and efficiency. Oversee performance monitoring, resolve escalated issues, ensure compliance with policies and regulations, and collaborate cross-functionally to optimize collection processes.



JOB RESPONSIBILITIES



 Team Leadership & Management:




  • Lead, motivate, and manage a team of collection specialists to meet performance targets. 

  • Provide daily directions, supervision, and coaching on direct reports.

  • Foster a positive work environment and maintain open communication within the team.



Collection Strategy & Performance:




  • Develop and implement strategies to improve debt recovery rates and collection efficiency.

  • Monitor and analyze key performance indicators (KPIs) and generate daily, weekly, and monthly performance reports. Oversee the daily activities of the collections desk and ensure effective task allocation.



Problem-Solving & Escalation:




  • Act as a point of contact for difficult or escalated collection issues and provide solutions or guidance.

  • Investigate and resolve complex payment-related problems and disputes.



Compliance & Policy Adherence:




  • Ensure the team adheres to company policies, procedures, and relevant regulatory requirements.

  • Maintain accurate documentation of all collection activities.



Cross-Functional Collaboration:




  • Collaborate with other departments to optimize workflows and processes related to collections. 



Qualification and Experience:




  • Bachelor's degree in Banking & Finance, Business Administration or any related field.

  • 3 - 5 years of cognate experience.

  • Additional academic qualification is an added advantage.

  • Digitally Savvy

  • Superb interpersonal skills

  • Good communication skills

  • A commitment to excellent customer service

  • Strategic thinking and ability to analyze and solve problems quickly

  • Ability to work well with others and lead a team



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