Recovery Officer at GTI Microfinance Bank

⏲ Nov 28, 2024, 9:08 AM
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GTI Microfinance Limited was incorporated in August 2007 as a limited liability company and started its operations in 2008 at No. 127 Obafemi Awolowo Road, Ikeja.

In October 2013, it was licensed as a State Wide Microfinance Bank and moved its Head Office to No. 4 Tinubu Street, Central Business District, Marina Lagos. Other branches are located at Mushin, Abattoir in Agege, Surulere and Arena.

We are recruiting to fill the position below:

Job Title: Recovery Officer

Location: Marina, Lagos
Employment Type: Full-time

Responsibilities

Follow up on major debtors to resolve Loan repayment challenges before default.
Working to repossess/recover Assets and properties of defaulting Loan Clients e.g; Bikes, Cars e.t.c..
Monitor Loan Portfolio of the Bank for the purpose of resolving issues with NPL (Non-Performing Loans) and scaling down the overall
Monitor and obtain background information and feedback on all accounts assigned to the Assets & Recovery Agencies to ensure
Accounts to them are fully recovered.
Monitoring and recovery of Past due obligations/Expired Loans in the Bank.
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.
Preparation of Payment Vouchers to Business Partners for Loan repayment deduction and remittance.
Portfolio at Risk of the Bank.
Carry out regular calls, site and follow up visits, to implement remedial strategies and action plans agreed with the Team Lead.
Raise and tender Demand Notices to defaulting customers of the Bank
Review all credit files for proper documentation and monitoring.
Provide progress reports on interactions with Loan Customers in respect of Loan repayment status.