Collections Leads at Wema Bank Plc

Job Overview

Location
Lagos, Lagos
Job Type
Full Time
Date Posted
13 days ago

Additional Details

Job ID
136696
Job Views
27

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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