Loan Recovery Officer
Job Description
Conduct phone calls, emails, and site visits to collect payments. Analyze borrower creditworthiness and loan collateral. Identify potential risks and take proactive measures. Interact with borrowers, guarantors, and third-party stakeholders. Provide updates to management and internal stakeholders Maintain accurate records of recovery efforts. Update loan files and database. Collaborate with legal counsel on loan enforcement. Prepare documentation for court proceedings. Provide regular recovery progress reports. Analyze and recommend process improvements. BA, B.Sc., B. Com, HND in any discipline including but not limited to Economics, Sociology, Accounting, Business Studies, Statistics, Management etc. Persons with not less than ICA Part I, ACCA Part I etc. qualifications with 3 years working experience. Strong communication, negotiation, and analytical skills. Ability to work under pressure and manage stress. Familiarity with lending regulations and laws. Attractive remuneration with fringe benefits. There are opportunities for self-development. Recovery rate of defaulted loans. Reduction in delinquency ratio. Number of loans recovered. Amount collected. Customer satisfaction. Office based with occasional travel for site visits or meetings. Collaborative team environment. Flexible work arrangements may be available.
Requirement(s)
BA, B.Sc., B. Com, HND in any discipline including but not limited to Economics, Sociology, Accounting, Business Studies, Statistics, Management etc. Persons with not less than ICA Part I, ACCA Part I etc. qualifications with 3 years working experience. Strong communication, negotiation, and analytical skills. Ability to work under pressure and manage stress. Familiarity with lending regulations and laws
