• Application Deadline:
• Position: Loan Recovery Officer



• Job Type Full Time



• Qualification BA/BSc/HND



• Experience



• Location Lagos




• Job Field Finance / Accounting / Audit 
  
  

Duties and Responsibilities

• Monitor all accounts allocated daily and take appropriate actions all geared to securing full recovery through application of the laid down recovery procedures and processes/regulations within pre-determined guidelines


• Negotiate with Debtors and ensure that they repay the bad debts but at a lowest cost to the Company.


• Perform skip tracing activities involving looking for debtors whose whereabouts are unknown


• Carry out periodical visits to delinquent customer’s securities and advise your line manager on the condition of the security


• Recommend accounts within own portfolio for repossession, investigation, closure, write off, outsource and any further remedies to the line manager in line with recovery procedures.


• Ensure that the institution’s recovery agents give proper attention to the recovery of bad debts.


• Liaise with Branches and ensure timely service of demand and default notices.


• Maintain and ensure proper documentation of any issues and actions relating to customers within own portfolio like demand notices, memos etc. are filed such that the department has a satisfactory audit report.


• Prepare weekly and monthly recovery reports, and any other reports as may be required by the company from time to time to provide updates about recovery issues.


• Comply with AML/CFT/CPF policies and procedures, non-compliance of which shall be addressed as per the bank disciplinary processes.


• Perform any other work-related duties that you may be assigned from time to time.