Company Info
La Fayette Microfinance Bank Limited is a globally recognized microfinance bank that provides a comprehensive array of financial services and payment solutions to its customers. Our offerings include savings accounts, current accounts, and fixed deposit accounts, ensuring a complete range of banking options to meet the diverse needs of our clients.
1). Savings & Deposit Officer
Locations: Ibadan, Oyo & Ilorin, Kwara
Planned Start Date: 01/06/2023
Main Responsibilities
Manage a portfolio of clients:
- Prospect potential clients and follow up through regular contact with prospects.
- Manage the relationship with clients in the portfolio to ensure maximum client’s satisfaction and retention.
- Organize an efficient schedule that will allow regular meetings with clients and maximized performance.
- Identify clients’ needs in order to cross-sell effectively.
- Monitor the deposits of the clients under supervision.
- Grow the individual deposit portfolio in line with the targets set by the Management by offering quality service and selling products that fit the particular clients’ needs.
- Accordingly answer clients’ questions and complaints related to Advans LFMFB products and services.
- Participate in the promotion of Advans LFMFB products and services by informing prospects as well as clients.
- Propose new products/services to management.
Organization and Control:
- Ensure compliance of all operations performed with Advans policies and procedures.
- Share information and best practices with other Deposit Officers.
- Report all the issues related to the job to the Branch Manager and Deposit Team Leader.
- Ensure all cash transactions are done according to Advans LFMFB policies and procedures.
- Respect AML/KYC policies by identifying all the clients and reporting any suspicious transaction.
Profile
- Degree or Higher National Diploma in any discipline from accredited polytechnic or University with NYSC discharge certificate or NYSC Exclusion Letter.
- Minimum of two (2) years experience as a deposit sourcing staff in a financial institution preferably a commercial bank.
- Good relationship and communication skills with strong team spirit
- Strong analytical skills
- Good computer skills
- Real motivation to work and grow in a performance-based environment
- Taste for fieldwork.
Additional Knowledge / Skills Required:
- Practical knowledge of micro/small/medium businesses
- Knowledge of microfinance bank sector is an advantage
- Good writing skills
- Knowledge of the major local languages.
Application Closing Date
Not Specified.
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2). Internal Audit Officer
Location: Ibadan, Oyo
Planned Start Date: 03/07/2023
Main Responsibilities
Planning Activities :
- To contribute to the risk assessment and the design of the audit plan
Core Audit Activities :
- To participate in the conduct of internal audit missions in line with the audit plan
- To participate in special audit missions as may be required by the Managing Director or the Audit Committee
- To apply Internal Audit Standards and Advans audit methodologies in the course of his/her duties, in order to produce audit programs and working papers including a relevant and sufficient documentation of the audit activities
- To participate in the follow-up of the implementation of internal audit recommendations and, where applicable, of recommendations made by regulators or external auditors
- When deemed necessary, to assist in examining new or updated systems and related procedures prior to their implementation to prevent possible deficiencies in the internal control system
Reporting Activities :
- To participate in the preparation of mission reports and deliver them to his/her supervisor, to obtain management responses and to review these answers before submission to his/her supervisor
- To contribute to the preparation of audit activity reports and other reports on a regular basis for submission to the Audit Committee and the Advans group internal auditor.
Person Specification
Qualification / Education:
- B.Sc / HND in any discipline.
- Professional Qualification such as (CIMA, ACCA, ICAN…) or its equivalent will be an advantage.
Work Experience:
- (External applicants) must have 1-3 years experience as an Internal auditor in a financial insititution.
- (Internal applicants) must have spent a minimum of 18 months in the bank as a staff OR have 1-3 years previous work experience as an auditor.
Skills:
- High-level proficiency in written and spoken English
- Good knowledge of word processing
- Proven spreadsheet skills; good interpersonal relations skills.
Personal Traits:
- Meticulous
- Open-minded
- Autonomous
- Fast learner.
Application Closing Date
Not Specified.
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3). Relationship Officer
Location: Ibadan, Oyo
Planned Start Date: 03/07/2023
Job Description
- The Client Officer is responsible for processing the loans, monitoring the loan portfolio and developing the Advans La Fayette MFB loan clientele.
- He/she will also be responsible for developing the savings and deposits portfolio for the target groups.
- The client Officer will spend more than 70% of the time on the field by performing visits to clients in commercial areas.
Profile
- Bachelor’s Degree or Higher National Diploma in any discipline from accredited polytechnic or University with NYSC discharge certificate or NYSC Exclusion Letter.
- Good relationship and communication skills with strong team spirit
- Strong analytical skills
- Good computer skills
- Real motivation to work and grow in a performance based environment
- Taste for fieldwork.
Additional Knowledge / Skills Required:
- Practical knowledge of micro / small / medium businesses
- Knowledge of microfinance bank sector is an advantage
- Good writing skills
- Knowledge of the major local languages
Application Closing Date
Not Specified.
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4). Recovery Officer
Location: South East, Nigreria
Planned Start Date: 19/06/2023
Main Responsibilities
Recovery Management:
- Assess the situation of late payment to facilitate speedy customer in the payment
- Ensure that 50% of clients in Par 1-90 portfolio are contacted.
- Ability to conduct proper portfolio handover.
- Ensure that all correspondence/information are requested and received from responsible Client Officers and kept in the clients file.
Asset seizure/sales:
- Ability to successfully conduct assets seizure independently.
- Ensure proper documentation of the seized item and immediate storage of the same.
- Maintain good communication with the Head of Recovery if challenges occur during seizures and also work with him to fix prices of the items in line with the banks policy.
- Ability to coordinate seizures systematically with sales to ensure that the sales of the items can cover for the total outstanding debt.
Arrears Portfolio Management:
- Conduct Portfolio segment analysis to identify risky segments and potential methods of recovery of the debt.
- Ability to Follow up on pending payment agreements with default clients and reach negotiated agreements with them.
- Identify challenges in own portfolio and discuss same with the Head of Recovery with the objective of overcoming the challenges to recover the debt.
- Identify and analyse portfolio to determine root causes of default and propose the best method of recovery of the loan.
- Ensure that very difficult cases at least 5 per week are brought to the attention of the weekly arrears committee meeting for a concerted effort towards debt recovery.
Reduction of Loan restructuring, Loan refinancing and Loan write-offs:
- Ability to react proactively to unhealthy and risky portfolio thereby saving the institution of losses.
- Conduct prompt follow up on all parties leading to a jointly negotiated settlement and reduction of losses.
- Look for innovative ways to get loan repayment other than restructuring, refinancing and write-offs.
- Reduce write-off projections for own portfolio by 30% monthly.
Generic Responsibilities:
Quality control and production arrears management:
- Ensure the recovery of written off loans.
- Monitor customer file and late payment in arrears.
- Perform reminders by telephone, mail or in the field of late payment by customers.
- Apply debt collection procedures to unpaid instalments
- Maintain close contact with customers when necessary and feasible.
- Achieve given recovery targets
- Negotiate a new schedule in case of actual difficulty of the customer found.
- Ensure recovering unpaid instalments is in accordance to the banks’ policy.
Controls:
- Checking past due notices/other client correspondence/letters.
- Monitoring customers’ compliance to timeline.
Profile
- Education level : HND / B.A. / B.Sc in any related discipline, and must have completed NYSC or possess an exclusion certificate.
- Experience Required: Minimum of one (1) years experience as a collection recovery officer preferably in a financial institution.
- Special Training: Debt Recovery Training will be an added advantage.
Deadline: Not Specified.
How to Apply: Interested and qualified candidates should use the links below to apply: