Recovery Officer Job at Fina Trust Microfinance Bank

Fina Trust Microfinance Bank, a member of LOLC Group with corporate Head Office in Colombo - Sri Lanka, is one of Nigeria’s foremost Microfinance Banks. Its operating license was secured from the Central Bank of Nigeria (CBN) in September 2009 as a Microfinance Bank. Fina Trust Microfinance Bank has built a resounding success on excellent service delivery in a uniquely customer friendly environment through professional staff, leveraging on world-class technology. A continuous investment in information technology and in people sets the bank apart from others.

We are recruiting to fill the position below:

Job Position: Recovery Officer

Job Locations: Ajah, Lagos Island and Agege axis - Lagos
Reporting to: Head of Recovery

Objective

• To perform diligently, the cash office function that would enhance the financial control environment of the organisation whilst contributing to add value, exceeding customer expectations.

Primary Responsibilities

• Follow up with past due obligations as allocated by the Head of Recovery.
• Providing Feedback to the head of recovery on loan delinquency issues.
• Critical review on allocated portfolio and propose a workout strategies towards repayment.
• Assisting Head of Recovery on day to day operations.
• Monitoring of ongoing facilities and notifying credit officers on credit status in terms of expired facilities and maturing dates.
• Verification of customers' details and addresses for record keeping purpose to ease recovery in the event of default.
• Regular visit to defaulting facility holders until liquidated.
• Conducting intelligent survey and investigation of suspected portfolio
• Prepare required reports and information as specified by the superior.

Secondary Responsibilities:

• Attend to additional official duties which is not mentioned above and assigned by the management time to time, in line with the business, procedures, policies, guidelines and practices of the Company.
• Safeguard the confidentiality of all information pertaining to Company and the Organization obtained externally or internally during employment and refrain from divulging same to any third party.

Requirements

• High School Diploma is preferred.
• 2 - 3 years of experience as a recovery officer.
• Good knowledge of MS Office and databases.
• Good negotiation and persuasion skills.
• Knowledge of relevant legal requirements.
• Experience in working with targets and tight deadlines.
• Team player.
• Good time-management skills.
• Great interpersonal and communication skills.