Recovery Manager at ACCION Microfinance Bank

Location: South South/East

Job Responsibilities

• Identifying, developing and implementation of sound, acceptable credit policies
• Identification of areas for improving processes, implementing best practices and metrics to track performance management
• Reconciling transactions and balances to maintain accurate accounts
• Maintaining bad debt and bad debt recovery records
• Monitoring receivables and collections and providing updates of receivables and providing appropriate reporting procedures
• Providing regular updates of receivables to management
• Negotiating payment programs with delinquent customers
• Identifying accounts requiring collection agency or legal action and coordinating collections with third party contractors
• Monitoring violations of credit policies, providing analysis, conclusion and recommendations, present findings to senior management
• The credit manager will be responsible for motivating subordinates to optimize their performance and professional growth.

Qualifications & Experiences

• B.Sc/BA/HND in Social Sciences, Business, Banking, Finance, Marketing or any other numeric course
• An MBA will be added advantage
• Minimum of 5 Years work experience in the Banking sector.

Key Performance:

• Excellent numeric and analytical skills
• Effective communication/interpersonal skills with people at all levels, including ability to use tact, diplomacy and persuasiveness
• Strong leadership negotiation and problem solving skills
• Strong analytical skills e.g. read and interpret financial statements.
• A pro-active, self-starter with excellent all round communication skills
• Ability to motivate and mentor subordinates
• Strong leadership and people management skills
• Strong analytical skills, ability to conduct credit analysis and strategically analyze financials
• Excellent communication skills, ability to present financial information effectively.

Required Knowledge:

• Detailed knowledge of required documentation and a thorough knowledge of Lien Laws that govern the transactional relationship between the Customer and the Company
• Knowledge of contract payments
• Understanding of financial and debt analysis
• Knowledge of micro, small and medium enterprise market.