Legal Repossession Manager at Fairmoney Microfinance Bank Full Time NEW

Job Title: Legal Repossession Manager

Location: Lagos

Summary

• The Legal Repossession Manager is a multifaceted role responsible for managing and minimizing credit losses by ensuring effective vendor and litigation monitoring, as well as overseeing the efficient management of the Bank’s repossession process and assets.
• Additionally, it involves providing support on legal matters, assisting repossession officers, and managing vendors.

Key Responsibilities

• Evaluate delinquent accounts and recommend effective legal recovery actions or strategies.
• Maintain and update litigation portfolio records, including the release of legal documents.
• Obtain approvals and release original title documents to successful buyers of assets or properties.
• Provide clear guidance to ensure that properties and assets listed for sale are under the Bank’s absolute authority to sell, free of any encumbrances.
• Conduct physical inspections and ensure complete documentation of properties and assets newly proposed for sale prior to upload.
• Review reports from Debt Recovery Agents and provide necessary feedback or responses.
• Oversee effective and efficient repossession and disposal processes, ensuring the availability of secured storage facilities and realizing any attributable security.
• Operate within delegated authority levels, ensuring sufficient mandates to perform daily operations.
• Manage recoveries related to the write-off portfolio.
• Address and resolve customer queries efficiently.

Requirements

• First Degree in Law
• Relevant professional certifications on Risk and Collections is a plus
• Proven experience in field collections, recovery processes, repossessions
• Strong analytical skills with the ability to assess complex risks and develop effective mitigation strategies across multiple risk types
• Excellent communication and interpersonal skills with the ability to collaborate effectively with cross-functional teams and interact with stakeholders at all levels.
• Proficiency in data analytics.

Benefits

• Private Health Insurance
• Performance Bonus
• Pension Plan
• Training & Development.

Application Closing Date
Not Specified.

• A screening call with a member of the recruitment team for 30 minutes.
• Technical Interview with key stakeholders
• Final interview with the hiring manager.