The Concept Group is a holding company for companies established in 1992. Subsidiaries under the Group include: Rosabon Financial Services - Nigeria’s Leading Equipment Leasing and Financial Intermediary Company, Concept Nova - Bespoke Enterprise Software Development Company, Percy Aitkins - Bureau De Change.
We are recruiting to fill the position below:
Job Title: Lead, Underwriter, Collections and Recovery
Location: Lagos
Job Purpose
Supervises all activities in Underwriting, Collections and Recovery units while providing and implementing recommendations. Generating and ensuring that all reports as regards Underwriting, Collections and Recovery are efficiently and effectively carried out. Implementing policies to guide the activities in Underwriting, Collections and Recovery.
Key Accountabilities
Ensures turn-around time for each transaction is minimised to the barest minimum
Ensures the credit worthiness of each transaction especially those above the level of junior underwriter by preparing, reviewing and analyzing risk criteria of potential customers
Develops and implements strategies for effective credit assessment
Reviews application of credit facilities and pointing deviations from the company’s credit policy
Highlights quality assurance issues in credit proposals received from business areas
Ensures that every defaulting customer is contacted
Ensures repossession of assets from defaulting customers
Working Internal operations to ensure that asset disposal follow the appropriate procedures
Ensures recovery of Bad or Doubtful Facilities
Ensures appropriate procedures are followed when a lease expires and appropriate documents such as transfer of ownership and letter of non-indebtedness are give to clients
Manages interbank relationships to ensure seamless processing for collections
Follows up on Direct Debits and ensures timely posting and reversals
Jointly maintains DD and PDC trackers with the Collections team
Efficient management of cheque lodgement and ensures posting of cleared cheques
Follows up on returned cheques for resolution
Ensures that account statements are properly generated
Ensures proper escalation of issues and its resolution
Ensures that complaints from customers is at its barest minimum
Ensures that team member comply with all policies associated with credit and risk management
Ensures that all reports as regards underwriting, collections and recover are available periodically to the users of the report.
Role Competency:
Ability to make prompt and appropriate decisions as at when needed or choose rightly among different alternatives of solutions to a problem.
Ability to handle and work efficiently with Microsoft Office Suite, Google Suite and other softwares for the management of operations such as Remita, NIBSS, Standing Orders, IBS, etc
Ability to form good relationships and keeping constant communication with clients
Knowledge of all practices and procedures involved in credit and risk management and how they can be implemented in a way that minimises financial loss.
Ability to identify gaps within the credit policies.
Ability to understand and operate systems that allow exchange of fund between clients and the company, and the softwares or applications needed to do this.
Knowledge of world class business practices needed to create the highest level of efficiency possible
Ability to understand and oversee all procedures and operations involved in debt management and recovery of default accounts
Ability to understand business trends, situations, practices, procedures and models
Ability to guide and manage people, oversee processes, guide initiatives and steer employees towards the achievement of goals. Ability to make financial judgements
Ability to pose solutions to everyday issues
Ability to review, analyse and report activities and data in a way that is easily understood to make better decisions.
Ability to cause a team to work together effectively to achieve the goals of the unit
Educational Qualification & Functional/Technical Skill or Certification
HND/B.Sc Accounting, Finance,Business Administration or other relevant discipline.
Minimum of 3 years relevant experience in Underwriting, Collections and Recovery
Application Closing Date
31st December, 2018.
How to Apply
Interested and qualified candidates should send their CV to: [email protected]