A reputable financial institution is seeking to fill the position of Recoveries Officer that has arisen within the organization on a 1 year fixed term contract commencing on 1st February, 2020:-
Develop loan recovery strategies and constantly executing collection & recovery procedures and ensuring appropriate actions are taken to ensure full recovery.
To undertake appropriate enforcement action using both legal and non-legal remedies.
Ensure customer information is collected, reviewed and monitored on a regular basis and that all communications are appropriate to customer needs.
Operate customer tracing procedures on absconding clients.
Compliance with statutory, regulatory and supervisory requirements, to protect the reputation of the Group and to avoid legal action/sanction in respect of regulatory compliance matters.
Utilizing effective recovery strategies to recover money on assigned NPLs and Written off accounts either in-house or by out-sourcing.
Liaise with business partners on monitoring of accounts in early stages of delinquencies.
Rendition of periodic reports on allocated NPLs and written off accounts.
Comply with all the necessary systems and controls put in place to properly manage the NPL book, and maximize the Rehabilitation of watch-list accounts in arrears.
To manage and control collection strategies and campaigns within the NPL and written off environment with the aim of maximizing collection effectiveness and efficiency.
Ensure effective and efficient repossession and disposal processes, secure storage facilities to be in place, and realizing any attributable security on assigned accounts.
Holder of a degree in finance, economics, business management, accounting, etc
Post graduate an added advantage.
At least 3 years working experience preferably in a financial institution environment.
Knowledge of operating environment and challenges facing companies.
Experience in credit operations, particularly in recovery of bad debts.
Highly computer literate with sound knowledge of Microsoft office tools.
Proficient communication skills both written and verbal.
The applicant should submit an application letter, Curriculum Vitae, certified copies of relevant qualification and contact details of at least three referees not later than 23rd January, 2020 to firstname.lastname@example.org