You are on MyJobMag Nigeria. Go to MyJobMag Nigeria instead.
  • Collection and Recovery Officer at RoVedana

  • Posted on: 13 February, 2018 Deadline: 23 February, 2018
  • View Jobs in Banking / Financial Services View All Jobs at RoVedana
  • Subscribe to free job alerts
  • This job has expired. View current and similar jobs below

  • 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.


    • 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.


    • 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: The Subject of the mail should be “Collection and Recovery Officer - and location

  • Know More About RoVedanaSimilar Jobs
  • Subscribe to free job alerts
  • Teller at GTI Microfinance Bank Limited
  • Bank Analyst at Agusto & Co.
  • Group Head, Commercial Banking Lagos & South at First Bank
  • Wema Bank Hackathon at Wema Bank Plc
  • Ecobank Entry-level Recruitment 2019 at Ecobank Nigeria
  • Trainee Loan Officer at AB Microfinance Bank
  • Head of Operations at Townserve Microfinance Bank Limited
  • Recovery Officer at La Fayette Microfinance Bank Limited, Advans Nigeria
  • Filter Jobs
  • State | Search by region instead




    Also include jobs without defined experience

    Job Title

Display your company or industry jobs on your website or blog Get Started
Send your application through

Yahoomail Gmail Hotmail