Recovery Officer Job at Tribest Corporate Support Limited

Tribest Corporate Support Limited is a corporate support solutions provider with a comprehensive range of people outsourcing services. We have a diversified team of management, strategy, banking and capacity development experts working together to provide organizations with the best human resource management solutions.

We are recruiting to fill the position below:

Job Position: Recovery Officer
Job Location: Lagos
Employment Type: Full-time
Industry: Banking
Department: Loan Recovery

Summary

• We are currently recruiting suitable and qualified candidates for the below job role.
• The ideal candidate’s will alert, follow up and recover defaulted loan by conducting, coordinating site visit and settling overdue, blocking account of overdue clients and solve the problems with overdue and defaulted clients.

Duties and Responsibilities

• Conduct site and off-site visits to those overdue and/or defaulted clients when assigned by supervisors or team leads of loan recovery.
• Prepare and submit daily reports of the overdue and repayment for all credit facilities to keep all related stakeholders informed of the status.
• Respond tall the inquiries, issues, or errors related to repayment tall branch personnel when required.
• Follow up and verify with the branch loan officers to get updates of reasons for repayment lateness and next action plan to handle the case.
• Monitor overdue and defaulted loans daily to timely provide an update or recommendation to supervisors and team leads.
• Input a given timeline of reminder on repayment report for all branch to take actions according to the Bank’s policy.
• Input and update status on analyzed case int Analysis of Recovery to ensure the case is solved properly.
• Review and update overdue clients that exceed timeline set in the Bank’s policies to timely handle the case.
• Arrange an appropriate time to chase and follow up with client to ensure agreed terms and conditions are made and met.
• Track and prepare a list of rescheduled clients by working closely with branch loan officers to better administer the repayment schedules.
• Process tda manual settlement clients when appropriate.

Requirements

• B.Sc. / HND / OND in Banking and Finance, Accounting or any relevant field;
• Minimum 2 - 3 year of working experience in credit function of financial industry;
• Basic understanding of the bank operations, rules and regulations, laws, granting loans, and credit risk management.
• Good problem solving, negotiation, interpersonal and convincing skills;
• Patience and understanding of emotions to deal with clients;
• Excellent communication skills.
• Good knowledge of Microsoft Office Package and other software
• Excellent organizing, recording and filing skills
• Strong dedication to accuracy and efficiency.

Salary

• N50,000 - N80,000 monthly.