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  • Collection and Recovery Officer at RoVedana

  • Posted on: 13 February, 2018 Deadline: 23 February, 2018
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    Rovedana Limited - Our client is a leading pan-African bank with operations in various countries across the continent.

    They are a full-service bank that provide wholesale, retail, investment and transactional banking services to governments, financial institutions, multinationals, local companies, small and medium-sized enterprises (SMEs) and individuals.

    Collection and Recovery Officer

     

    Job Description

    • We are currently recruiting “Collection and Recovery Officer - Commercial Banking” across various locations in Nigeria for our client. They will be responsible for recovery and possible restructuring of Commercial Bank loans.

    Responsibilities

    • Ensure all budgeted items are not exceeded
    • Undertake regular and frequent calls, site visits, follow-ups to implement remedial strategies and action plans agreed with Team Lead, Challenged Assets & Recovery.
    • Initiate demand and reminding letters to all defaulting customers and review all credit files for proper documentation and monitoring.
    • Obtain background information on all accounts assigned to the Challenged Assets & Recovery Team and especially customer information etc…
    • Follow up on major debtors accounts assigned to ensure recoveries through calls, demand notices or any other appropriate means.
    • Monitors Recovery Agents to ensure accounts assigned to them are fully recovered.
    • Prompt identification of unauthorized balances and follow up with branches on early warning and remedial action on newly created PDOs in the branch.
    • Monitoring and Recovering of PDO’s /Expired CMB loans in the branches.
    • Recovery of fully provisioned or written-off credit exposure and rehabilitate other impaired credit.
    • Ensure that properties, equipment and inventories hold by the bank are properly insured.
    • Recommend accounts for classifications and declassifications and accounts to be written-off with justification.
    • Daily call memo and progress reports on negotiations with debtors in respect of repayment of indebtedness.
    • Negotiations/meetings with customers who want loan work out options such as refinancing, rescheduling and restructuring
    • Preparation of approval requests to management for negotiated settlements and follow up until account is fully settled and the balance written off.
    • Follow up on sale of securities deposited for collateral alongside the legal department after other remedial strategies have been exhausted
    • Follow up on release of security documents for NPLs which have been fully regularized
    • Preparation and recommendation of strategies for recoveries on major assigned accounts to the Team Lead.
    • Collection on accounts assigned at the beginning of the year to ensure full repayment.
    • Give priority attention to regularize outstanding legal and documentation issues on assigned portfolio.
    • Liaise with external solicitors to ensure that cases referred to them for legal action are handled with efficiency.

    Requirements/Skills

    • A good University degree (B.Sc.) with a minimum of 2:2 or HND with a minimum of Lower Credit in any discipline.
    • Minimum of 2 years relevant Banking Experience
    • Strong knowledge of banking operations, products & customer segmentation
    • Strong knowledge of commercial business
    • Good knowledge of Foreign exchange related issues
    • Interpersonal skill
    • Leadership / Supervisory
    • Analytical/problem solving skill
    • Computer appreciation (word- processing/Spreadsheet/PowerPoint)
    • Excellent customer service orientation
    • Database Management
    • Paying attention to details
    • Goal driven and result oriented

    Method of Application

    Applicants should send a soft copy of their CV's to: resume@rovedana.com The Subject of the mail should be “Collection and Recovery Officer - and location

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