- HOW TEMANE-MAPUTO ELECTRICITY TRANSMISSION LINE PROJECT IS GOING THROUGH TEST IN MOZAMBIQUE
- NEWLY OPENED PLASTIC RECYCLING PLANT SET TO HELP COMBAT NAMIBIA's PLASTIC INDUSTRY
- PROGRESS MADE ON PIIM PROJECTS AS OVER 85% COMPLETED IN ANGOLA
- WORLD BANK KICK-OFF INSPECTION OF USMID PROGRAM IN UGANDA
- ALGERIA MINISTER RECIEVED HARBOR ENERGY CEO OVER ENERGY PARTNERSHIP
Collection And Recovery Officer At RoVedana
Rovedana Limited – Our client is a leading pan-African bank with operations in various countries across the continent. They are a full-service bank that provide wholesale, retail, investment and transactional banking services to governments, financial institutions, multinationals, local companies, small and medium-sized enterprises (SMEs) and individuals.
Collection and Recovery Officer
Job Description
- We are currently recruiting “Collection and Recovery Officer – Commercial Banking” across various locations in Nigeria for our client. They will be responsible for recovery and possible restructuring of Commercial Bank loans.
Responsibilities
- Undertake regular and frequent calls, site visits, follow-ups to implement remedial strategies and action plans agreed with Team Lead, Challenged Assets & Recovery.
- Initiate demand and reminding letters to all defaulting customers and review all credit files for proper documentation and monitoring.
- Obtain background information on all accounts assigned to the Challenged Assets & Recovery Team and especially customer information etc…
- Follow up on major debtors accounts assigned to ensure recoveries through calls, demand notices or any other appropriate means.
- Prompt identification of unauthorized balances and follow up with branches on early warning and remedial action on newly created PDOs in the branch.
- Monitoring and Recovering of PDO’s /Expired CMB loans in the branches.
- Recovery of fully provisioned or written-off credit exposure and rehabilitate other impaired credit.
- Ensure that properties, equipment and inventories hold by the bank are properly insured.
- Recommend accounts for classifications and declassifications and accounts to be written-off with justification.
- Daily call memo and progress reports on negotiations with debtors in respect of repayment of indebtedness.
- Negotiations/meetings with customers who want loan work out options such as refinancing, rescheduling and restructuring
- 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.
- Collection on accounts assigned at the beginning of the year to ensure full repayment.
- Give priority attention to regularize outstanding legal and documentation issues on assigned portfolio.
Requirements/Skills
- A good University Degree (B.Sc.) with a minimum of 2:2 or HND with a minimum of Lower Credit in any discipline.
- Good knowledge of Foreign exchange related issues
- Database Management.
For more details click Here
For more information, go through the following article on GambetaNews.