Recovery Officer at Creditwise Financials Limited

Requirements

• 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.
• 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.
• 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.
• 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    

Qualifications;

• Database Management skills.
• Knowledge of Asset Repossession and Confiscation
• Must have Experience working with police on recovery.
• A Good University degree (B.Sc.) with a minimum of 2.2 or HND