• Application Deadline: Tue, 12 Jul 2022 00:00:00 GMT
• Position: Recovery Officer


• Job Type Full Time


• Qualification BA/BSc/HND


• Experience 3 years


• Location Lagos


• Job Field Banking 
  

Job Objective

• 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

Responsibilities

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


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


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


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


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


• Achieve recovery financial target in line with advised budget.


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


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


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


• Conduct and document recovery visitation to customers.


• Coordinate ad hoc reports for the group.

Qualifications

• A minimum of Bachelor’s Degree


• A minimum of 3 years of banking experience in operations or in a sales role.

Candidate's Profile:

• Our ideal candidate must have a minimum of 3 years’ experience in banking operations, or in a sales role

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.

What We Expect From You:

• High degree of professional ethics, integrity and responsibility.


• Highly organised, proactive, ability to work independently and take ownership of tasks assigned.


• Team player with the ability to work under pressure and ability to work with a wide variety of people and maintain an excellent business relationship.


• High sense of confidentiality and discreteness.

What You Should Expect From Us:

• Our corporate culture is defined by our core values. We do not just train our people to be the best in the job, we also offer encouragement, recognition, and rewards.


• Whatever level you are at in your career, we offer plenty of opportunities and support to build a rewarding career at UBA.


• Here in UBA, our employees are our greatest assets and so we built a recognition and reward system that boosts productivity and enhances staff retention, instituting a culture of meritocracy.