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Recoveries Officer – Access Bank PLC

Full time in Banking Email Job
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Job Description

Job Purpose

The job holder will evaluate and advise on recovery solution (s) to Non-Performing Debts, develop action plans and monitor their execution on a continuous basis to achieve maximum timely recoveries and or turnaround at minimal costs. The expected results are:

· To restore Non-Performing debts to performing.

· Recover Non-Performing debts to the fullest extent possible to achieve budgeted financial targets.

· Minimize recovery costs to the lowest possible levels.

Additionally, he/she will provide timely and accurate recovery reports to facilitate decision making and meet regulatory requirements.

Key responsibilities

· To maintain a high-quality loan portfolio.

· Daily monitoring and immediate follow-up of all accounts in the non-performing portfolio.

· Managing issuance of all required statutory notices prior to engaging in recovery action.

· Oversee disposal of recovered assets.

· Negotiating and restructuring facilities where such action increases chances of recovery of the debt.

· To advise and train the bank on good lending techniques that would reduce delinquencies.

· To advise and train the bank on early debt management and debts collection.

· Implementing exposure/recovery strategies and action plans for each non-performing debt.

· To increase the profitability of the bank through writebacks.

· Ensure compliance with credit policies and CBK prudential guidelines on non-performing debts.

· Reduce non-performing debts by at least 40% through aggressive recoveries and viable restructurings.

· Reduce the loan migration from performing to non-performing categories to fewer than 50 million of the total loan book per month.

Requirements

Bachelors degree in a business-related field from a reputable and recognized university.

At least 5 years experience, three of which must be in a debt recoveries role in the banking industry.

Demonstrated knowledge in recovery processes.

Skills / Competence Requirements

Required Knowledge, Skills & Abilities

1. Credit Administration/Risk Management

2. Credit Products

3. Credit Analysis and Appraisal

4. Loans administration/account management

5. Credit Workout/Restructuring

6. Financial analysis/interpretation

7. Facility Structuring

Generic Skills

  • Strategic Focus/ Orientation
  • Integrity and Discretion
  • Initiative/ Proactive
  • Entrepreneurship
  • Analytical skills / Problem solving
  • Resilience, Tenacity and Integrity
  • Interpersonal skills
  • Communication (oral & written)

Benefits

Competitive remuneration package

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