Recovery Officer at IBILE Microfinance Bank Limited

Location: Ikeja, Lagos

Job Objective

• To ensure that all staff, particularly operations staff diligently comply with the operational risk guidelines, policies and procedures to mitigate the bank’s risk exposure.
• This is largely achieved as they coordinate the activities of the regional monitoring teams

Job Description

• Follow up on all PDO’s and delinquent loans for full recovery.
• Review of classified loan and propose a workout solution towards repayment.
• Negotiate and workout repayment plan for classified loans within a set time frame.
• Liaise with Law enforcement agencies and recovery agents.
• Realize assets pledged by defaulting customers and put off same for sale.
• Monitoring of loans disbursed and ensure compliance with conditions precedent to drawdown.
• Monitoring of running facilities and notifying account officers of credit status in terms of expired facility, maturity date, and turnover covenant not met excess over limit amongst others.
• Ensuring approved credit parameters such as Interest rate, fees, commissions are correctly captured.
• Monthly classification of risk asset in line with CBN requirement.

Qualifications

• HND or B.Sc in any Business or Social Sciences discipline.
• Minimum of 3 years relevant work experience in a Microfinance Industry.