Latest Jobs at Assets Microfinance Bank

Job Summary:

• We are looking to hire a Recovery Officer will liaise with the Senior Recovery Manager in managing delinquent loan portfolios of the bank as well as monitoring overdue accounts, engaging defaulting customers for repayment, negotiating settlements, and ensuring compliance with recovery policies.

Responsibilities:

• Follow up on overdue loan repayments via calls, emails, and physical visits when necessary.
• Negotiate and restructure repayment plans for delinquent customers based on approved guidelines.
• Monitor and track repayment performance and ensure timely collections.
• Maintain updated records of non-performing loans (NPLs) and recovery actions taken.
• Analyze trends in delinquency and recommend proactive measures to reduce default rates.
• Prepare daily, weekly, and monthly reports on collections, recoveries, and delinquency trends.
• Ensure that all recovery processes comply with microfinance banking regulations and industry best practices.
• Conduct field visits to assess customers’ repayment ability and collateral conditions.
• Negotiate repayment schedules that align with the bank’s recovery policies.
• Initiate and execute legal actions for loan recovery when necessary.
• Maintain an up-to-date database of defaulting customers, repayment agreements, and recovery actions taken.
• Provide recommendations for process improvements based on field insights.
• Ensure that all recovery processes comply with microfinance banking regulations and industry best practices.
• Maintain detailed documentation of all recovery activities, including agreements, correspondences, and legal actions.
• Collaborate with legal and compliance teams on debt recovery cases.

Requirements:

• Bachelor’s degree in Banking & Finance, Accounting, Economics, Business Administration, or a related field.
• Minimum of 3–6 years experience in loan recovery, debt collection, or credit risk management, preferably in a microfinance bank or financial institution.
• Sound knowledge of loan collection techniques, credit management, and banking regulations.
• Familiarity with legal recovery processes and litigation procedures in microfinance banking.

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Job Summary:

We are looking to hire an experienced Internal Audit Executive who will assist in assessing and enhancing the bank’s risk management, control, and governance processes by conducting audits, identifying compliance gaps, ensuring adherence to regulatory requirements, recommending process improvements, supporting fraud detection, evaluating financial and operational activities, and providing reports to management for informed decision-making.

Responsibilities:

• Conduct regular audits of financial transactions, operational processes, and regulatory compliance.
• Assess internal controls and identify areas of risk exposure.
• Prepare audit working papers, document findings, and provide recommendations for process improvement.
• Assist in developing and implementing risk-based internal audit plans.
• Ensure adherence to regulatory and compliance requirements, including CBN and other relevant financial regulations.
• Evaluate the effectiveness of risk management strategies and internal controls.
• Report identified risks and weaknesses in operational processes and recommend corrective actions.
• Prepare and present detailed audit reports with findings and recommendations to management.
• Maintain comprehensive audit records and ensure proper documentation of audit activities.
• Provide insights on process optimization and efficiency improvements.
• Work closely with other departments to implement best practices in financial control and operational governance.

Requirements:

• Bachelor’s degree in Accounting, Finance, Economics, or related field.
• Professional certification such as ICAN, ACCA, CIA, or CISA is highly preferred.
• Minimum of 3–6 years of internal audit experience, preferably in a microfinance or financial institution.
• Strong knowledge of banking regulations, risk management, and internal control procedures.