Head, Recovery and Collection at Ascentech Services Limited

Ascentech Services Limited is a full-fledged Human Resource Solution Provider incorporated in 2013 with its Head Office in Lagos, Nigeria. We are committed to forging long-term partnerships with our clients by creating and delivering robust and flexible services that address the changing needs of their business.

We are recruiting to fill the position below:

Job Title: Head, Recovery and Collection

Location: Lagos

Job Description

• Manage Large NPA (Non-Performing Asset) accounts and discuss with customers on credit solutions as defined per the Collections and Recovery Process, Policy and Strategy manual to reduce the NPA exposure.
• Ensure that documentations relative to the debts are up-to-date (Search on Asset, Security documents, property valuation reports)
• Ensure legal recovery within a reasonable timeframe as defined in Collections and Recovery Process, Policy and Strategy manual
• Strict adherence to the Recovery process and policies, Internal policies as well as regulatory guidelines whilst at the same time ensuring proper adoption by the Recovery team members
• Adopt proper records management principle as defined in terms of upkeep, follow up on customers and filing of documentation when applicable
• Actively participate in various credit committees and ensure timely execution of agreed actions
• Provide management on regular basis trend analysis of the portfolio and recommend credit measures to be applied
• Steer meetings with Litigation team on cases where foreclosure/ legal recovery have already commenced so as to activate process
• Actively participate in the hand-over process of file transfer of non-performing accounts with RMs/ Managers of respective business units
• Regularly conduct site visits of high ticket size NPA accounts to assess the recovery scope and also define on the recovery strategy to be adopted
• Conduct Regular meetings with legal administrators/ receivership managers to ensure cases are closed within reasonable period of time
• Drive the team relentlessly to deliver as per agreed business objective and beyond
• Ensure proper cost management in the department so as to decrease the cost to recovery
• Always treat customer fairly
• Provide full assistance and support to any customer queries at all times
• Manage the impaired book to ensure that impairment is reduced and kept at the business risk level.

Qualifications and Competencies

• Minimum of a B.Sc with at least 5 years banking/financial sector experience
• Experience within Credit and/or Risk
• Experience in Debt collections
• Financial - Accounting Principles & Practice
• Credit assessment
• Risk Management
• Leadership acumen
• Planning and Organizing
• Team Player.

Application Closing Date
Not Specified.

How to Apply
Interested and qualified candidates should send their CV in MS Word format to: cv@ascentech.com.ng using Job Title as the subject of the email.