• Application Deadline: Fri, 30 Sep 2022 00:00:00 GMT
• Position: Head, Credit and Recovery


• Job Type Full Time


• Qualification BA/BSc/HND , MBA/MSc/MA


• Experience 3 - 5 years


• Location Lagos


• City Ikeja


• Job Field Finance / Accounting / Audit 
  

Roles / Responsibilities

Credit:

• Overall responsibility for the credit management function and oversee the underwriting / credit control of all loan files.


• Analyze credit data and financial statements to determine the degree of risk involved in extending credit or lending money.


• Prepare reports that include the degree of risk involved in extending credit or lending money.


• Evaluate customer records and recommend payment plans based on earnings, savings data, payment history, and purchase activity.


• Ensure complete loan applications, including credit analyses and summaries of loan requests, and submit to senior management for approval.


• Review individual or commercial customer files to identify and select delinquent accounts for collection.


• Responsible for the administration and direction of the credit department


• Responsible for preparing and submitting all files to the credit Committee.


• Monitor performance of the loan portfolio and report to the Managing Director on a periodic basis.


• Assist in the recruitment of other staff members to the team and to the overall development of the credit department in line with business needs.


• Responsible for the credit policies and its compliance with the applicable regulations and laws, credit risk, product and program management


• Ensure that the portfolio is appropriately risk rated and adequately reserved.

Recovery:

• Achieve assigned recovery targets to contribute to organization’s financial performance.


• Overseeing bottom-line metrics, including detailed strategic analysis, forecasting, and account placement


• Implementing new strategies and tactics to improve collections and recovery performance, training and coaching staff to improve performance


• Lead recovery activities across all cities and new location


• Handles special credit arrangements and deviations from standard terms of payment


• Reviews debt recovery process’s effectiveness and policies


• Developing policies, procedures and guidelines governing collection activity.


• Engage with guarantors to negotiate reasonable settlements on post-recovery shortfall amounts and/or collaborate with legal/external counsel in executing the legal strategy of asserting and enforcing legal claims


• Ensure training plans and documentation are up to date and in place for collections of receivables and applications


• Maintains a database of all matters related to late payments by clients including any matters in mediation, litigation, or pre-settlement negotiations


• Reviewing documentation all aspects of contract to assess liability, identify contract issues and judge recoverability


• Establish repayment schedules, monitoring repayment of debts, and adherence by debtors to installment schedules


• Build and manage internal team of debt recovery personnels to achieve late payment goals and key performance indicators of the Company.

Job Qualifications and Requirements

• Candidates should possess a Bachelor's Degree / Master's Degree


• At least 3 years experience in consumer or commercial lending / process analyst or credit / risk / collection


• Good knowledge of corporate credit, collection agencies, legal and compliance procedures, credit risk and account management


• Competent Project Management skills


• Understanding of the full credit lifecycle including acquisition, fraud, account management, collections and recoveries


• Familiar with operating Loan Banking Applications such as Bank One or other enterprise software


• Numerically savvy, able to work with data, perform analysis and communicate result


• Proficient on Microsoft Office Suite


• Able to deal with uncertainty and make decisions with limited information, thus action oriented


• Excellent analytical skills, quantitative and qualitative


• 3-5+ years of proven experience with at least one year in a managerial role and credit


• Knowledge of Credit Risk fundamental principles and their application to collections and recoveries strategy


• Strong Excel skills, especially with pivot tables and data manipulation/presentation


• Exceptional organizational, time management, and problem-solving skills


• Must be able to perform independently, be self-motivated, and demonstrate initiative


• Ability to work on big data and generate insight for decision making.