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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 :

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  • 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:

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