Recovery Officer at La Fayette Microfinance Bank Limited, Advans Nigeria

Job Description

The Recovery Officer will be responsible for the efficient follow-up and recovery of outstanding repayments, interest and penalties on delinquent loans either in form of cash or through seized assets.

Main purpose and objectives of the job:

• Recovery Management
• Asset seizure/ sales
• Manage a portfolio of arrears clients with the purpose to decrease the outstanding amount of overdue loans
• Ensure and maintain excellent portfolio quality
• Reduce loan restructuring, loan refinancing and loan write-offs of the bank

Essential Requirements

• Capacity to communicate efficiently both orally and in writing
• A very analytical and tactical mind
• Capacity to investigate effectively with clients and guarantors
• Capacity to obtain information from external sources.
• Fluent in English and Yoruba
• Physically fit.
• Willingness to travel around branches.

 Other Requirements

• A minimum of HND / BSC in any discipline.
• A minimum of 3 years working experience in a similar position of which 2 years must be in a financial institution.
• A valid drivers license and ability to drive will be an added advantage.
• Practical knowledge of micro/small business and market environment will be an added advantage.