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.