FTS Management & Collection Specialist at First Bank of Nigeria Limited

First Bank of Nigeria Limited (FirstBank) is Nigeria's largest financial services institution by total assets and gross earnings. With more than 10 million customer accounts, FirstBank has over 750 branches providing a comprehensive range of retail and corporate financial services. The Bank has international presence through its subsidiaries, FBN Bank (UK) Limited in London and Paris, FBNBank DRC, FBNBank Ghana, FBNBank Gambia, FBNBank Guinea, FBNBank Sierra-Leone and FBNBank Senegal, as well as its Representative Offices in Johannesburg, Beijing and Abu Dhabi.

We are recruiting to fill the position below:

Job Title: FTS Management & Collection Specialist

Job Identification: 606
Location: Lagos

Duties & Responsibilities

• Carry out pre-approval physical visitation to markets bank-wide for market intelligence and risk assurance check across the SBUs
• Assist to engage the BUs on a regular basis to deliver training and enlightenment of FTS and all its variants to facility better understand of the product to avoid pitfall and process delays
• Carry out engagement and visitation of customers for assessment and profiling as part of risk assurance function to aid Management decision
• Carry out pre assignment review all FTS and variants applications across all SBUs on Fintrak
• Prepare and initiate the pre-approval recommendation for all FTS and variants transactions across the Bus before Management approval
• Carry out the periodic post approval visitation of FTS Management & Collection officers to customers shop for stock assessment as part of the monitoring strategies
• Make daily review of all active FTS and variants accounts to identify loan covenant default on accretion timelines   FTS Management & Collection officers
• Carry out the tracking, preparation, and rendition of daily monitoring reports of all active FTS and variants across all the SBUs
• Render daily monitoring reports to the all the SBUs bank-wide where all red flags are duly noted and follow
• Initiate escalation of all loan repayment defaults and early distress account to the management of relevant SBUs for prompt action
• Provide weekly FTS and variants position report to the Team Lead
• Monitor follow-ups on repayment arrangements
• Monitor effective loan covenant tracking
• Carry out daily review of FTS and variants to identify expired and expiring accounts to activate the regularization engagement
• Supervise and monitor follow-ups on repayment arrangements
• Assist to implement collection strategies across the SBUs bank-wide
• Follow up active customers and escalate on account showing early signs of delinquency or accretion default
• Ensure effective loan collection and performance triggers monitoring
• Make daily report on all collection challenges
• Physical assessment of prospective First Trader solution customers
• Arrange regular visits/meetings with customers and to follow-up repayment arrangements
• Carry out bank-wide circularization and reporting on all security release applications
• As part of Bank’s Information Security requirements, maintain the security of all information entrusted to the staff and comply with the principles in the Information Security handbook

Job Requirements
Minimum Education:

• First Degree in relevant discipline

Experience:

• 4-6 years Banking experience

Application Closing Date
22nd July, 2022.