Loan and Recovery Officers at Rephidim Microfinance Bank Limited

Rephidim Microfinance Bank is a provider of superior micro finance services using well-motivated personnel and state-of-the-art technology for the benefit of all stakeholders, and with a vision to be the leading Microfinance Institution in Nigeria.

We are recruiting to fill the positions below:

Job Position: Loan Officer

Location: Iyana Ipaja, Lagos

Qualification

• BSc/HND in Accounting, Banking & Finance, Economics, Statistics and other related field
• A minimum of second class lower (BSc) or lower credit (HND)
• 1-3years experience in debt recovery in a financial sector

Responsibilities: 

• Meet with loan applicants to identify their needs and collect information for loan applications.
• Analyze active loan files on a regular basis and recommend solutions to speed up the loan process.
• Complete loan contracts and teach clients on policies and regulations.
• Interview applicants to define financial eligibility and establish debt payment plans.
• Monitor and update account records.
• Submit loan applications in a timely manner.
• Prepare detailed loan proposals.
• Reject loan applications and explain deficiencies to applicants.
• Respond to applicants questions and resolve any loan-related issues.

Job Position: Recovery Officer

Location: Iyana Ipaja, Lagos

Qualification

• BSc/HND in Accounting, Banking & Finance, Economics, Statistics and other related field
• A minimum of second class lower (BSc) or lower credit (HND)
• 1-3years experience in debt recovery in a financial sector

Responsibilities: 

• Minimising customer response times by issuing reminder notices and customer statements and monitoring collection of debts in a timely manner
• Negotiating with clients on arrangements regarding payments and making recommendations to management to ensure Departmental guidelines in relation to installment agreements and the processing of monies received are adhered to
• Contribute to the achievement of team and organisational objectives
• Contact debtors by telephone, letter, email or fax, to agree debt recovery plans and follow up as appropriate
• Reviewing documentation (all aspects of contract) to assess liability, identify contract issues and judge recoverability
• Using knowledge and initiative to reach amicable solutions to settling debts on behalf of clients, taking into account circumstances of the case 
• Establish repayment schedules, monitoring repayment of debts, and adherence by debtors to installment schedules. 
• Maintain statistics on recoveries

Method of Application
Interested and qualified candidate should send their Curriculum Vitae to: jobs@rephidimmfb.com using the Job Title as the Subject of the mail.