• Application Deadline:
• Position: Head of Recovery



• Job Type Full Time



• Qualification BA/BSc/HND



• Experience 7 years



• Location Lagos




• Job Field Legal and Regulatory 
  
  

About the Role

• The Head of Recovery is a strategic leadership role responsible for architecting and executing Moniepoint’s debt recovery framework.


• As a qualified legal professional, you will ensure minimal credit losses by optimizing the recovery unit’s efficiency through a blend of rigorous legal strategy and operational excellence.


• In this capacity, you will develop and implement comprehensive recovery strategies, design the organizational structure of the recovery unit, and recruit high-caliber talent.


• Your deep legal expertise in debt litigation and asset recovery will be vital in navigating complex delinquency cases.


• You will leverage a data-driven approach to evaluate the efficacy of recovery tactics and personnel performance.

What you’ll get to do

• Develop and execute recovery strategies to reduce non-performing loans and bad debt provisions.


• Act as the primary legal strategist for the recovery department, ensuring all actions comply with financial regulations and debt collection laws.


• Manage high-level engagements with external stakeholders, including law enforcement agencies, regulatory bodies, and external counsel, to expedite the resolution of non-performing loans (NPLs).


• Design the recovery organisation and supervise the hiring process for recovery talent


• Optimise the effectiveness of the recovery team by setting clear objectives and key performance indicators (KPIs).


• Continuously provide training to the recovery network in alignment with established recovery strategies and industry best practices.


• Report on recovery performance and provide insights to senior management.


• Collaborate with internal departments such as credit, legal, risk, and finance to align recovery efforts.

Qualifications

• Bachelor’s degree in Law (LLB)


• Minimum 7 years of experience in debt recovery/litigation in Nigeria


• Strong knowledge of debt recovery laws, banking regulations, and court procedures in Nigeria.


• At least 7 years of experience in credit recovery


• Strong network of legal and law enforcement contacts across the country


• Proven experience in leading a recovery team and managing high-value non-performing loans


• Proven experience in handling recovery in each of the 6 geo-political zones in Nigeria


• Excellent negotiation, problem-solving, and decision-making skills.


• Strong analytical skills and ability to interpret financial data

Relevant Skills:

• Loan Recovery


• Credit risk management


• Data analytics and statistics 


• Negotiation and Conflict Resolution


• People Management


• Performance Management


• Training and People Development.