Loan Recovery Officer at Retrust Microfinance Bank

About the Role

• We are seeking a proactive and result-driven Loan Recovery Officer with a loan recovery experience from a Microfinance Bank to join our microfinance bank.
• The ideal candidate will be responsible for managing delinquent accounts, ensuring effective loan recovery, and handling legal processes related to debt enforcement while maintaining compliance with regulatory standards.

Key Responsibilities

• Manage and follow up on overdue loan accounts to ensure timely recovery.
• Initiate and execute recovery strategies, including negotiations, restructuring, and settlements.
• Prepare and review legal documentation related to loan recovery.
• Liaise with external solicitors, law enforcement agencies, and regulatory bodies when necessary.
• Handle litigation processes and represent the organization in recovery-related legal matters (where applicable).
• Ensure compliance with internal policies and relevant financial/legal regulations.
• Maintain accurate records and provide regular reports on recovery activities.
• Advise management on legal risks associated with loan recovery and debt enforcement.

Requirements

• Bachelor’s Degree in Law (LL.B); BL qualification is an added advantage.
• 3–5 years experience in loan recovery, debt collection, or legal practice (preferably in a financial institution).
• Strong knowledge of debt recovery laws and financial regulations.
• Excellent negotiation and conflict resolution skills.
• Strong analytical and problem-solving abilities.
• High level of integrity, professionalism, and confidentiality.
• Ability to work independently and meet recovery targets.