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Recovery Officer

Wakacredit Limited

Accounting, Auditing & Finance

Banking, Finance & Insurance NGN 250,000 - 400,000
New Featured
2 weeks ago

Job Summary

We are looking to hire a suitable candidate to fill this position

  • Minimum Qualification: Degree
  • Experience Level: Senior level
  • Experience Length: 5 years

Job Description/Requirements

Responsibilities:

  • Achieve assigned recovery targets to contribute to organization's financial performance.
  • Rendition of weekly and monthly reports to management
  • Developing policies, procedures and guidelines governing collection activity and recovery.
  • Implementing new strategies and tactics to improve collections and recovery performance, training and coaching staff to improve performance.
  • Liaising with collection agencies regarding collection/recovery and claim pay activities and further developing strong, sustainable relationships.
  • Coordinate collections and recovery activities of the company from end to end
  • Liaising with law enforcement agencies and with external recovery agents
  • Maintain up to date knowledge and understanding of appropriate regulations and internal policies and procedures in relation to debt recovery.
  • Ensure training plans and documentations are up to date and in place for collections of receivables.
  • Engage with guarantors to negotiate reasonable settlements.
  • Managing loss bucket to ensure loans do not continue to escalate.
  • Risk assessment and mitigation
  • Measure ongoing project activity.
  • Monitor projections against plan and ensure corrective action when necessary.


Requirements:

  • At least 5 years’ experience in commercial lending / process analyst or credit / risk / collection.
  • Good knowledge of corporate credit, collection agencies, legal and compliance procedures, credit risk and account management.
  • Understanding of the full credit lifecycle including acquisition, fraud, account management, collections and recoveries.
  • Numerically savvy, able to work with data, perform analysis and communicate result.


Remuneration: NGN
250,000 - 400,000

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