Apply as Loan Recovery Officers at Basic Consumer Kash (Ebonyi) Cooperative Society Limited (5 Openings) Full Time

Job Title: Loan Recovery Officer

Locations: Ebonyi (Abakiliki, Afikpo, Onueke, Ishielu, IVO)
Employment Type: Full-time

Responsibilities

• Review Customer debtor’s list, Contact customers to bring current their respective loan accounts.
• Meet with customers to work out over due accounts with payment options.
• Regularly updating customers accounts and liaze with marketing department.
• Working with the bank lawyers, initiate legal actions against customers that refused to pay.
• Monitor accounts to maintain loans obligations are current, contact overdue account holders for payments.
• Bank experience an advantage
• Ensure all budgeted items are not exceeded
• 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.
• Monitors Recovery Agents to ensure accounts assigned to them are fully recovered.
• 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
• Preparation of approval requests to management for negotiated settlements and follow up until account is fully settled and the balance written off.
• Follow up on sale of securities deposited for collateral alongside the legal department after other remedial strategies have been exhausted
• Follow up on release of security documents for NPLs which have been fully regularized
• 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.
• Liaise with external solicitors to ensure that cases referred to them for legal action are handled with efficiency.

Requirements

• A Good University degree (B.Sc.) with a minimum of 2:2 or HND with a minimum of Lower Credit in any discipline).
• Must have 2-5 years work experience
• Good knowledge of Foreign exchange related issues
• Database Management

Salary
N40,000 – N50,000 / Month

Application Closing Date
30th April, 2021.

How to Apply
Interested and qualified candidates should forward copies of their credentials, 2 recent passport photographs, and a CV / Resume to: [email protected] using the “Job title” as subject of the email.