Loan Recovery Officer

Job Title: Loan Officer

Job Type: 6 Months Contract

Industry: Microfinance Institution/ Banking

Qualification: OND/HND/B.sc

Location: Ogun State

 

Loan Recovery Officer to be responsible for collecting
bad debt including written-off loans and loans overdue more specified days with
compliance with acceptable common practices aligned with legal framework
requirement.

  

DUTIES & RESPONSIBILITIES

 

• Engage and approach all district branch managers and provincial branch
  manager to discuss and explore practical technique and strategies to
  incorporate into the plan.
• Formulate plan of detail actions of written off loans from previous
  and current years.

• Set out the detail actions and target of loan write off recoveries
  down to all the concerned client service officers.
• Identify and assess a recovery likelihood of loan
  write off clients, rating Low, Medium, or High.
• Coordinate with loan officer to identify loan
  write off clients and classify them into four different categories
  according to combination of their willingness to pay and capacity to pay.
• Work closely with Branch Manager (BM) and Loan Officer
  (LO) to execute recovery techniques and strategies including, loan write
  off mapping, regular home visit and chasing, and collecting.
• Try to get all the loan write off clients to have
  commitments with and to get them to follow their pledge.
• Seek ways to continuously improve performance and
  productivity on the job.
• Work closely with the Credit and Recovery
  Manager, Regional Manager and Branch Manager to identify root cause of
  loan delinquency, operational weaknesses and recommend changes to improve
  the quality of the portfolio.
• Other tasks as assigned by supervisor.

REQUIREMENT COMPETENCIES

 

• University degree from any related field is
  preferred.
• 2 years’ and above experience in microfinance
  operations directly dealing with delinquent clients and other problem-solving
  situations.
• Must have strong analytical and problem-solving
  skills.
• Must have good computer literacy and email.
• Must be fluent in the English language (both
  written and spoken).
• Must have the ability to make fair and ethical
  decisions in tough circumstances.
• Must be very organized in order to handle
  multiple projects simultaneously.
• High self-motivation with strong interpersonal
  skills.
• Must have the ability to motivate and persuade
  others, particularly delinquent clients to repay debt.
• Abilities to communicate with local authorities
  and legal / court members in an articulate and professional manner.
• Demonstrate high level of ethical commitment and
  trustworthiness.

HOW TO APPLY

Qualified candidate should send CV to: careers@bloomsfordassociates.com

Kindly use the position and locations as the subject of the email