Loan Recovery Officer at Ultraviolet Microfinance Bank Limited

Ultraviolet Microfinance Bank Limited is Licensed by the Nigerian apex bank, Central Bank of Nigeria, to operate uniquely within the Nigerian financial sector, we are continually guarded by our core strategic objectives to position ourselves as an innovative leader, customer-centric and inclusive financial solutions providers.

We are recruiting to fill the position below:

Job Title: Loan Recovery Officer

Location: Abuja (FCT)
Employment Type: Full Time

Job Summary

• The Loan Recovery Officer is responsible for monitoring loan repayments, identifying delinquent accounts, and initiating recovery processes to minimize non-performing loans (NPLs).
• The role involves working closely with borrowers, legal teams, and internal departments to ensure timely recovery and maintain healthy credit portfolio quality.

Responsibilities

• Monitor loan portfolio to identify overdue accounts and ensure timely repayment by clients.
• Contact delinquent borrowers via calls, emails, field visits, and official notices to negotiate repayment terms.
• Analyze default trends and recommend strategies to reduce bad debts and credit risk exposure.
• Initiate and manage recovery actions, including loan restructuring, rescheduling, and legal proceedings where necessary.
• Maintain accurate recovery records, logs, and reports for internal and regulatory purposes.
• Liaise with legal officers and external recovery agents when required.
• Prepare periodic reports on recovery status, performance metrics, and portfolio at risk (PAR).
• Recommend write-offs or provisioning in line with company policy and regulatory guidelines.
• Support credit officers in assessing repayment capacity and ensuring proper loan documentation.
• Ensure compliance with internal policies, ethical standards, and relevant financial regulations.

Requirements

• Candidates should possess relevant qualifications with experience.

Application Closing Date
27th August, 2025.

How to Apply
Interested and qualified candidates should send their CV to: hr@ultravioletmfb.com using the Job Title as the subject of the email.