Recovery Officer at GTI Microfinance Bank Limited

GTI Microfinance Limited was incorporated in August 2007 as a limited liability company and started its operations in 2008 at No. 127 Obafemi Awolowo Road, Ikeja. In October 2013, it was licensed as a State Wide Microfinance Bank and moved its Head Office to No. 4 Tinubu Street, Central Business District, Marina Lagos. Other branches are located at Mushin, Abattoir in Agege, Surulere and Arena.

We are recruiting to fill the position below:

Job Title: Recovery Officer 

Location: Lagos
Employment Type: Full-time

Responsibilities

• Follow up on major debtors to resolve Loan repayment challenges before default.
• Working to repossess/recover Assets and properties of defaulting Loan Clients e.g; Bikes, Cars e.t.c..
• Monitor Loan Portfolio of the Bank for the purpose of resolving issues with NPL (Non-Performing Loans) and scaling down the overall
• Portfolio at Risk of the Bank.
• Carry out regular calls, site and follow up visits, to implement remedial strategies and action plans agreed with the Team Lead.
• Raise and tender Demand Notices to defaulting customers of the Bank
• Review all credit files for proper documentation and monitoring.
• Provide progress reports on interactions with Loan Customers in respect of Loan repayment status.
• Monitor and obtain background information and feedback on all accounts assigned to the Assets & Recovery Agencies to ensure
• Accounts to them are fully recovered.
• Monitoring and recovery of Past due obligations/Expired Loans in the Bank.
• Follow up on sale of securities deposited for collateral alongside the legal department after other remedial strategies have been exhausted.
• Preparation and recommendation of strategies for recoveries on major assigned accounts to the Team Lead.
• Preparation of Payment Vouchers to Business Partners for Loan repayment deduction and remittance.

Requirements

• Candidates should possess a Bachelor's Degree with 2 - 5 years experience.

Application Closing Date
4th March, 2025.