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.