Monitoring loans causing concern with a view to prevent their slippage and devising/implementing strategies to make recoveries from expired and past due accounts.
Verification of Customers indebtedness as provided in the loan file
Monitors all disbursed loans to ensure that they are not being diverted for personal reasons
Verification of loan customers’ stock in cases where stock serves as collateral
Loan recovery activities
Maintains a relationship with the Nigerian Law Enforcement Agencies for loan recovery activities (defaulting or bad loans)
Investigates all loan customers to mitigate the risk of fraud to the bank
Monitors loan repayment
Maintains a tracking on all defaulting loan customer to ascertain the critical issues involved
Primary responsibility is to maximize recovery on defaulted facilities
Prevent further provisioning through robust and realistic restructure/loan workout strategies
Provide Executive Management the required support in meeting stipulated targeted ratio on non-performing loans.
Ensure the retention of qualified and result oriented Recovery Agents(Lawyers, Auctioneers, Receiver Managers)
Maintain healthy relationship on behalf of the Bank with the various Law enforcement agents
Ensure provision of adequate/quality information to solicitors during litigations in respect of recovery matters
Perform other duties as assigned by Group Head, Credit Risk MgT.
Qualification and Experience
At least a 2:2 University degree or equivalent in Banking & Finance or related fields.
Minimum of 5 years’ experience in a Bank/other Financial Institution with relevant experience in credit risk
Knowledge of legal matters