• Application Deadline: Mon, 5 Dec 2022 00:00:00 GMT
• Position: Team Member, Recovery


• Job Type Full Time


• Qualification BA/BSc/HND


• Experience 2 years


• Location Not specified


• Job Field Banking 
  

Job Objective(s)

• Coordination of Loan Recovery activities within assigned business offices.


• Management of Memorandum bad debts portfolio and Loan Loss portfolio & erstwhile CTB database.


• Recovery of watch-list accounts & transferred accounts with early warning signals to avoid further deterioration.


• Review & Processing Loan repayment proposals.

Duties & Responsibilities

• Coordination of Loan Recovery activities within assigned business offices and ensure that the advised recovery target is achieved.


• Management of Memorandum bad debts portfolio and Loan Loss portfolio within assigned business offices.


• Originate Loan repayment proposals for requests from indebted customers for management’s consideration.


• Initiate proposals for the realization, repossession, and sale of pledged assets and properties of indebted customers.


• Rendition of fortnightly / monthly debt recovery reports for the region to the Regional Head (RH) for onward submission to Financial reporting, Performance management, Remedial Management & Credit Recovery Division.


• Achieve recovery financial target in line with the advised budget.


• Recovery of watch-list accounts & transferred accounts with early warning signals to avoid further deterioration.


• Manage relationships with debtor customers to ensure compliance with repayment agreements, court orders, regulatory requests (EFCC, CBN, Police, etc.) & restructure requests.


• Review, process and reconcile accounts of indebted customers’ complaints to ensure amicable resolution & payment of an agreed sum.


• Conduct and document recovery visitation to customers.


• Coordinate ad hoc reports for the group.

Knowledge & Skills Required

• General Branch Operations.


• Prudential guidelines.


• Problem loan management.


• Knowledge of the Loan Recovery function.


• Basic credit Skills.


• Good Customer relations


• Communication Skills


• Basic banking operations knowledge.


• Effective reporting.


• Negotiating Skills.


• Initiative & analytical judgment.


• Management Skills.


• First degree in any related field.