Loan Recovery Officer at Ave Maria Microfinance Bank Limited (MFB & MFI)

Ave Maria Microfinance (MFB&MFI) Bank Limited "the Bank” is a financial institution licensed by the Central Bank of Nigeria. We offer a wide range of financial services to a diversified client base that includes low-end entrepreneurs, the underbanked, high-net-worth individuals, among others. At Ave Maria Microfinance Bank Ltd, our core value is "growing together”. We pursue this by supporting early-stage, small and medium-sized enterprises (SME), the informal working-class and low-income families.

We are recruiting to fill the position below:

Job Title: Loan Recovery Officer

Location: (Ogbomosho, Igbeti, Iwere ile and Saki), Oyo
Employment Type: Full-time
Job Field: Banking / Finance / Accounting

Duties & Responsibilities

• Follow up with customers for all outstanding payments and identify problematic accounts. Ensures Non-Performing Loans are followed up and monitored diligently.
• Responsible for communicating with delinquent borrowers, establishing and developing effective payment plans with the delinquent borrowers.
• Making collection efforts on past due accounts vide site visit, email or phone in order to achieve prompt payment.
• Advise borrowers of their legal liabilities under existing contract law (including the interpretation of their liability under the loan agreement).
• Perform daily operational or admin duties of department including daily reports and processing of accounts.
• Compile statistics and reports related to Credit Admin for management review.
• Liaise with lawyers to issue Notice of Demand and Notice to Recall
• Follow up with lawyers on litigation cases until the cases are closed.
• Submit the litigation cases to the judge
• Attend Court to meet with the Judges whenever required.
• All other matters are ancillary to the above and to perform any other related duties that Management may require from time to time.

Requirements & Qualifications

• A Degree in Banking / Finance / Accounting or Economics is preferred.
• Minimum 2 years experience in a loan recovery role.
• Good communication skills.
• Familiarity with bank deposits/loans products.

Benefit / Packages

• We offer a competitive remuneration package and opportunities for career and personal development.

Application Closing Date
25th November, 2021.

Method of Application
Interested and qualified candidates should send their CV and Cover Letter to: [email protected] using the Job Title as the subject of the email.

Selection / Interview: Note that shortlisted candidate(s) will be invited for an interview via SMS and Telephone Call(s).