Head, SME Recovery at Addosser Microfinance Bank Limited

Addosser Microfinance Bank Limited plays an important role in widening the finance options available to MSMEs by providing finance for their businesses through value-added products and services.

Job Title: Head, SME Recovery

Location: Lagos

Employment Type: Full-time

Responsibilities

• Monitors the loan portfolio of the SME banking group.
• Investigate and thoroughly understand borrowers’ problems, and formulate strategies and solutions for resolving problematic loans.
• Works with law enforcement agents throughout the recovery process and provides direction as required.
• Provides cohesive workout strategies, and concise updates on progress, and recommends charge-offs as necessary to management.
• Analyses the loan portfolio for categorization of delinquency and steps to be taken
• Proffering remedial solutions and actions for recovery of delinquent and all other loans in the Group from time to time
• Liaises with Group Head, SME Group on past due obligations and sends signals to the chairman, LMC for further directives.
• Ensures expired loans bank-wide are recovered in line with the agreed threshold
• Ensures timely generation of weekly Reports detailing the following:
• No of cases transferred to LMC and the total amount as at the time of transfer, and date of transfer, and amount recovered compared to previous week.
• No of cases with the police, amount as at date of petition and amount compared to previous week.
• Review customers’ loan files and ensure proper investigations are carried out before making submission to the Management.
• Ensures the SME banking group’s portfolio at risk is within the bank’s set threshold at every point in time.
• Seek advice from the Head legal on matters with the police.
• Prepares schedule of recovery monthly.

Application Closing Date
30th September, 2024.

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