Collections Analyst at Lidya Nigeria

Job Description

• The Collections Analyst position is responsible for negotiating payments and settlements on behalf of Lidya to ensure the timely collection of payments from delinquent clients and accurate accounts receivable reporting.

Company Culture

• Ambitious & Metrics Driven: You want to solve the $5 trillion USD small business credit gap across fast-growing economies. You are committed to relentlessly finding the right customer, building trust and converting those relationships into sustainable, win-win partnerships. You understand that you will be judged on your numbers and building a high growth, profitable loan book.
• Has No Complacency and is High Energy: You understand your role is critical to the company. You apply high energy every day to settle debts and decrease NPLs. You want to grow every day, month, quarter, year. You are persistent, clear and driven to get deals done – properly and quickly.
• Resourceful, High Integrity, High Impact: You find a way. You do business with trust and transparency and dig into the details with the aim to help customers repay on-time and consistently.
• Collaborative: You understand you need a team to succeed. You carry along internal stakeholders to ensure they are aligned to support and drive collections.

Key Duties and Responsibilities
Debt Settlements:

• Accurately maintain client records throughout the debt collection process and work with customers to develop, recommend, and enact payment plans to eliminate client debt in an agreed timeframe aligned with Lidya’s collections policy.
• Manage all past due accounts and determine the appropriate collection action to be takenfor each individual client.
• Collect on delinquent accounts by contacting customers via telephone, email, and visiting the place of business.
• Compile daily, weekly, and monthly reports on status of delinquent accounts, collection activity, and accounts receivable status.
• Report progress of collections to Supervisor, make recommendations for next steps and write-offs.

Loan Portfolio Growth:

• Support the evaluation of loans given to customers by ensuring that credit appraisals are completed properly and uphold monitoring of accounts to identify outstanding debts.
• Review terms of contract and service with client and clearly communicate various payment options.
• Work cooperatively with other departments to best determine how to balance both the customer's and Lidya’s needs.

Desired Qualifications and Skillset

• 2 to 4+ years of experience working in financial services industry as a collections, credit disputes, credit reporting, or fraud resolution analyst.
• Bachelor's degree in Finance, Law, Accounting, Statistics, Investments or a related business discipline.
• Working knowledge of the entire underwriting process from loan application to funds disbursement and collections.
• Outstanding customer engagement skills and demonstrated experience with managing day to day aspects of client relationships, including considerable experience with client negotiations.
• Superior organization with a demonstration of ownership and taking initiative to accomplish goals.
• Ability to work in a goal oriented environment where you will be evaluated on your KPIs.
• High attention to detail and strong analytical skills including the ability to properly identify the key credit risks, and reach a prompt and well thought out credit decision.