Collection Reconciliation Officer at NEAT Microcredit

NEAT Microcredit is a microfinance institution based in Kaduna, Nigeria, dedicated to empowering individuals and small businesses by providing tailored financial solutions. With a mission to foster financial inclusion, NEAT Microcredit offers accessible credit facilities, savings products, and other financial services aimed at supporting economic growth and enhancing livelihoods in underserved communities.

Job Title: Collection Reconciliation Officer

Location: Kaduna

Employment Type: Full-time

Position Overview

• The Collection Reconciliation Officer will be responsible for monitoring customer collections, reconciling transactions, and maintaining accurate records of all repayments.
• The ideal candidate will have a solid understanding of financial reconciliations, expertise in QuickBooks, and a commitment to upholding data integrity in the collection process.

Key Responsibilities
Collections Monitoring and Reconciliation:

• Track customer repayments across NEAT Microcredit’s branches and ensure they are recorded accurately in QuickBooks.
• Reconcile collections daily, weekly, and monthly to identify discrepancies and ensure data accuracy.

Bank and Account Reconciliation:

• Conduct bank reconciliations to confirm customer payments are deposited and accounted for correctly.
• Resolve discrepancies between records and bank statements promptly.

Customer Account Management:

• Update and maintain accurate customer account details, including payment status and outstanding balances.
• Liaise with branch officers to verify payment records and clarify discrepancies.

Reporting and Analysis:

• Prepare regular reconciliation reports to provide insights into collection trends and overdue payments.
• Assist in analyzing collection data and contribute to strategies for improving collection rates.

Documentation and Compliance:

• Maintain organized documentation of all reconciliations and collection records.
• Ensure compliance with company policies and relevant regulatory requirements regarding collections.

Qualifications

• Bachelor’s Degree in Accounting, Finance, or a related field.
• 2+ years of experience in a reconciliation, finance, or collections role, ideally in a microfinance or financial services setting.
• Proficiency in QuickBooks and Microsoft Excel.
• Strong understanding of financial reconciliation principles and attention to detail.
• Excellent organizational and problem-solving skills, with the ability to handle discrepancies independently.
• Ability to communicate effectively and work collaboratively with team members across multiple branches.

Application Closing Date
8th November, 2024.

How to Apply
Interested and qualified candidates should send their Resume and Cover Letter to: [email protected] using the job title as the subject of the mail.