• Application Deadline: Wed, 30 Nov 2022 00:00:00 GMT
• Position: Recovery Officer


• Job Type Full Time


• Qualification BA/BSc/HND


• Experience 3 - 5 years


• Location Lagos


• Job Field Finance / Accounting / Audit 
  

Requirements

• Undertake regular and frequent calls, site visits, follow-ups to implement remedial strategies and action plans agreed with Team Lead, Challenged Assets Recovery.


• Initiate demand and reminding letters to all defaulting customers and review all credit files for proper documentation and monitoring.


• Follow up on major debtors accounts assigned to ensure recoveries through calls, demand notices or any other appropriate means.


• Monitors Recovery Agents to ensure accounts assigned to them are fully recovered.


• Recovery of fully provisioned or written-off credit exposure and rehabilitate other impaired credit.


• Ensure that properties, equipment and inventories hold by the bank are properly insured.


• Recommend accounts for classifications and declassifications and accounts to be written-off with justification.


• Daily call memo and progress reports on negotiations with debtors in respect of repayment of indebtedness.


• Negotiations/meetings with customers who want loan work out options such as refinancing, rescheduling and restructuring.


• Preparation of approval requests to management for negotiated settlements and follow up until account is fully settled and the balance written off.


• Follow up on sale of securities deposited for collateral alongside the legal department after other remedial strategies have been exhausted


• Follow up on release of security documents for NPLs which have been fully regularized


• Preparation and recommendation of strategies for recoveries on major assigned accounts to the Team Lead.


• Give priority attention to regularize outstanding legal and documentation issues on assigned portfolio.


• Liaise with external solicitors to ensure that cases referred to them for legal action are handled with efficiency    

Qualifications;

• Database Management skills.


• Knowledge of Asset Repossession and Confiscation


• Must have Experience working with police on recovery.


• A Good University degree (B.Sc.) with a minimum of 2.2 or HND