Loan Recovery Officer at Prodigy Microfinace Bank (2 Openings)

Prodigy Microfinance Bank was founded in 2023 with a mission to help people achieve their financial goals. We believe that everyone deserves access to fair and affordable financial services, regardless of their income or background. We offer a variety of products and services, including loans, savings accounts, and insurance. We are committed to providing our customers with excellent customer service and helping them reach their financial goals.

We are recruiting to fill the position below:

Job Title: Loan Recovery Officer

Location: Victoria Island, Lagos
Employment Type: Full-time
Reports To: Head of Credit/Risk Management and Management
Slots: 2 Openings

Job Summary

• We are in need of a loan recovery officer to carry out operational activities relating to the company's goals and objectives.
• A loan recovery officer is responsible for managing and recovering overdue loans while maintaining positive relationships with customers.
• The role involves contacting delinquent borrowers, negotiating repayment plans, monitoring loan accounts, and ensuring compliance with company policies and regulatory requirements.
• The officer works to minimize loan losses and improve the organization’s loan portfolio quality

Purpose

• To ensure timely recovery of overdue loans and minimize the organization’s credit losses by implementing effective debt recovery strategies, maintaining positive customer relationships, and ensuring compliance with company policies and regulatory requirements.

Key Responsibilities

• Monitor loan repayment schedules and identify delinquent accounts.
• Contact borrowers through phone calls, emails, letters, and physical visits to recover outstanding debts.
• Negotiate repayment plans and restructuring arrangements with defaulting customers where necessary.
• Maintain accurate records of all recovery activities and customer interactions.
• Investigate reasons for loan defaults and recommend appropriate recovery actions.
• Prepare and issue demand notices and recovery letters to delinquent borrowers.
• Coordinate with legal officers and external recovery agents on difficult recovery cases.
• Track and report recovery performance, arrears status, and collection trends.
• Ensure compliance with internal credit policies, regulatory guidelines, and ethical collection practices.
• Conduct field visits for verification and recovery of overdue loans.
• Recommend write-offs, repossession, or legal action where recovery prospects are limited to management.
• Maintain confidentiality of customer information and company records.

Required Educational background & Skills

• Bachelor’s Degree in Finance, Accounting, or any other related profession.
• Second Class Upper from a recognized University
• 3-8 years of experience in loan recovery, credit risk and management
• Strong negotiation and persuasion skills
• Excellent communication and interpersonal abilities.
• Analytical and problem-solving skills.
• Knowledge of credit management and recovery procedures.
• Ability to handle difficult customers professionally.
• Good report writing and documentation skills.
• Proficiency in Microsoft Office applications and loan management systems.
• High level of integrity and confidentiality.
• Ability to work under pressure and meet recovery targets.

Working Conditions:

• Combination of office-basedand field recovery activities.
• Frequent interaction with customers, legal representatives, and recovery agents.
• May require travel for customer visits and recovery assignments.

Benefits

• Health Insurance
• Pension Plan
• Leave Allowance
• Training & Development

Application Closing Date
15th June, 2026. 

Method of Application
Interested candidates who meet the specific requirement should send their CV to: mary.uchechi@trinityfinancialng.com using the job title as the subject of the email.