Loan Recovery Officer at Ave Maria Microfinance Bank (MFB & MFI)

JOB TITLE: Loan Recovery Officer

JOB LOCATION: (Ogbomosho, Igbeti, Iwere ile and Saki), Oyo
Employment Type: Full-time
Job Field: Banking / Finance / Accounting


  • Follow up with customers for all outstanding payments and identify problematic accounts. Ensures Non-Performing Loans are followed up and monitored diligently.
  • Responsible for communicating with delinquent borrowers, establishing and developing effective payment plans with the delinquent borrowers.
  • Making collection efforts on past due accounts vide site visit, email or phone in order to achieve prompt payment.
  • Advise borrowers of their legal liabilities under existing contract law (including the interpretation of their liability under the loan agreement).
  • Perform daily operational or admin duties of department including daily reports and processing of accounts.
  • Compile statistics and reports related to Credit Admin for management review.
  • Liaise with lawyers to issue Notice of Demand and Notice to Recall
  • Follow up with lawyers on litigation cases until the cases are closed.
  • Submit the litigation cases to the judge
  • Attend Court to meet with the Judges whenever required.
  • All other matters are ancillary to the above and to perform any other related duties that Management may require from time to time.

Requirements & Qualifications

  • A Degree in Banking / Finance / Accounting or Economics is preferred.
  • Minimum 2 years experience in a loan recovery role.
  • Good communication skills.
  • Familiarity with bank deposits/loans products.

Benefit / Packages

  • We offer a competitive remuneration package and opportunities for career and personal development.

Interested and qualified candidates should send their CV and Cover Letter to: [email protected] using the Job Title as the subject of the email.

Selection / Interview: Note that shortlisted candidate(s) will be invited for an interview via SMS and Telephone Call(s).

Deadline: November 25, 2021

Job Features

Job CategoryBanking / Insurance

You Might Be Interested in