Recovery Officer at Baobab Microfinance Bank

Baobab Microfinance Bank is the leading digital financial inclusion group focusing on serving individuals, micro and small businesses in Africa and China. Our mission is to unleash the potential of our clients offering them simple and easy to use financial services. Founded in 2005 as Microcred, today Baobab has over a million customers and 3,800 employees operating in Burkina Faso, China, Democratic Republic of Congo, Ivory Coast, Madagascar, Mali, Nigeria, Senegal, etc

We are recruiting to fill the position below:

Job Title: Recovery Officer

Location: Trade Fair, Lagos
Employment Type: Full-time

Mission

• Recover bad debts from debtors who show unwillingness to pay back the loan taken.
• Conduct regular review and visits to clients with outstanding loan portfolios at risk.
• Daily review of all the outstanding and overdue loan clients.
• Make regular reports and suggestions to the bank on actions required to protect its fund from bad loan clients.
• Recovery of classified loans.
• Initiates process to prosecute hard core debtors in line with guiding bank policy,
• Negotiate work out plans with willing debtors.
• Liaise with branches to manage and monitor non - performing loans.
• Any other responsibilities that may be assigned by the immediate supervisor.

Required Skills / Experience

• Candidates should possess an HND or B.Sc Degree
• 1 - 3 years of experience in Recovery in a Microfinance Institution
• Fluent in igbo (spoken and written)
• Strong negotiation
• Articulate and result oriented
• High level of integrity
• Accurate, organised and motivated
• Previous loan recovery experience
• Be resident around Trade Fair & Alaba axes.

Application Closing Date
Not Specified.