Recovery Officer at First Bank

Responsibilities

• Recovery of delinquent accounts and reduction of bad debt portfolio.
• Driving recovery process at both designated locations and SBU.
• Conduct frequent recovery drives against recalcitrant debtors.
• Engagement of focused and result-oriented Agents to work on debt recoveries.
• Court attendance to monitor pending recovery cases in Court.
• Collateral inspection of mortgaged assets.
• Foreclosure on assets of debtors who are unwilling and /or unable to pay their debts.
• Review and recommendation to Management on repayment plans submitted by Customers.
• Work with the Court and Law Enforcement Agencies on Bank’s mortgaged assets being occupied by trespassers.
• Initiate, monitor and follow up on petitions against fraudulent debtors to the Law Enforcement Agencies.
• Rendition of weekly, monthly, quarterly and yearly recovery reports and updates to Management.
• Provide the required clearance on Camsol/Camac confirmation.
• Posting recoveries made by customers and charging off concluded accounts.
• Maintain the security of all information entrusted to the staff.
• Any other job that may be assigned.

Job Requirements

• Minimum of a First Degree or its equivalent in a Business / Law related discipline
• Masters, MBA or a recognized professional certification will be an added advantage
• Must have a legal background, with the ability to interpret contracts, debt recovery regulations, and related compliance requirement.