Collateral Manager at Sycamore-ng (SISL)

Sycamore-ng is a Financial and Technology (Fintech) services company, that operates a financial marketplace for lenders and borrowers. With a team of skilled professionals and cutting edge technology, we are well suited to cater for both businesses and individuals who need loans (borrowers), or want to make returns (lenders) on our marketplace.

We are recruiting to fill the position below:

Job Title: Collateral Manager

Location: Ikeja, Lagos
Employment Type: Full-time

Key Responsibilities
Collateral Management:

• Manage and maintain accurate records of all collateral assets.
• Ensure proper documentation, verification, and safe custody of collateral files.
• Conduct periodic inspections and audits of collateral assets.
• Monitor the condition and status of collateral assets regularly.
• Maintain an updated collateral database and reporting system.

Vehicle Valuation & Risk Assessment:

• Conduct vehicle valuation exercises for collateralized vehicles.
• Develop and maintain a comprehensive tripartite vehicle valuation.
• Carry out collateral risk assessments and recommend mitigation measures.
• Ensure valuations reflect current market realities and risk exposure.

Vehicle Tracking & Downtime Monitoring:

• Implement and manage a robust vehicle tracking system.
• Continuously monitor all tracked collateral vehicles.
• Identify and escalate downtime or offline tracking incidents promptly.
• Ensure notifications are sent to relevant stakeholders for immediate action.
• Liaise with tracking vendors to resolve tracking-related issues.

Document Expiration Monitoring:

• Monitor expiration dates for vehicle licenses, insurance documents, roadworthiness certificates, proof of ownership and other regulatory documents.
• Maintain an alert and reminder system for renewals.
• Notify collateral owners and relevant stakeholders ahead of expiration dates.

Monitoring of Parked Collateral:

• Monitor all parked collateral vehicles daily.
• Implement routine maintenance checks including oil checks, tyre inspections. battery checks, engine checks.
• Schedule regular inspections for parked vehicles.
• Ensure collateral vehicles remain in good and recoverable condition.

Storage Fee Management:

• Maintain daily storage fee logs for all collateral vehicles.
• Track parking duration, daily charges, and outstanding fees.
• Reconcile and review storage expenses periodically.
• Prepare reports relating to storage costs and utilization.

Collateral Liquidation & Disposal:

• Coordinate collateral repossession and recovery processes.
• Manage collateral liquidation, auction, and disposal activities.
• Liaise with legal teams, auctioneers, and recovery agents during disposal processes.
• Ensure all liquidation activities comply with company policies and regulatory requirements.
• Prepare liquidation and recovery reports for management review.
• Maximize recovery value while minimizing losses and operational costs.

Reporting & Compliance:

• Prepare periodic collateral management reports.
• Ensure compliance with internal policies and regulatory requirements.
• Identify process gaps and recommend improvements.
• Support audit exercises relating to collateral management.

Stakeholder Management:

• Collaborate with Risk, Legal, Collections, Finance, and Operations teams.
• Manage relationships with tracking firms, storage facilities, valuation agents, and auctioneers.

Other Responsibilities:

• Perform every other responsibility assigned by management.

Requirements

• Bachelor’s Degree in Finance, Business Administration, Risk Management, Logistics, Operations Management, or related field.
• 3–5 years relevant experience in collateral management, recovery operations, fleet management, or risk operations.
• Experience within a fintech, microfinance bank, financial institution, or asset financing company is an added advantage.
• Strong knowledge of collateral and asset management processes.
• Good understanding of vehicle valuation and recovery processes.
• Strong analytical and risk assessment skills.
• Excellent attention to detail and organizational abilities.
• Strong reporting and documentation skills.
• Proficiency in Microsoft Office Suite, especially Excel.
• Strong communication and stakeholder management skills.
• Ability to work in a fast-paced and performance-driven environment.

Application Closing Date
28th May, 2026.

Method of Application
Interested and qualified candidates should send their CV to: hc-recruitment@sycamore.ng using the job title as the subject of the mail.