Legal Repossession Manager at FairMoney

Lagos

Fairmoney

Company Info

Large organization

200 + Employees

FairMoney is building the leading mobile bank for emerging markets. We started with a digital microcredit application on Android, and currently roll out additional financial services

FairMoney is building the leading mobile bank for emerging markets. We started with a digital microcredit application on Android, and currently roll out additional financial services (current account, savings, debit card) while expanding the product to Western Africa and South-East Asia.

Job Title: Legal Repossession Manager

Location: Lagos

Summary

  • The Legal Repossession Manager is a multifaceted role responsible for managing and minimizing credit losses by ensuring effective vendor and litigation monitoring, as well as overseeing the efficient management of the Bank’s repossession process and assets.
  • Additionally, it involves providing support on legal matters, assisting repossession officers, and managing vendors.

Key Responsibilities

  • Evaluate delinquent accounts and recommend effective legal recovery actions or strategies.
  • Maintain and update litigation portfolio records, including the release of legal documents.
  • Obtain approvals and release original title documents to successful buyers of assets or properties.
  • Provide clear guidance to ensure that properties and assets listed for sale are under the Bank’s absolute authority to sell, free of any encumbrances.
  • Conduct physical inspections and ensure complete documentation of properties and assets newly proposed for sale prior to upload.
  • Review reports from Debt Recovery Agents and provide necessary feedback or responses.
  • Oversee effective and efficient repossession and disposal processes, ensuring the availability of secured storage facilities and realizing any attributable security.
  • Operate within delegated authority levels, ensuring sufficient mandates to perform daily operations.
  • Manage recoveries related to the write-off portfolio.
  • Address and resolve customer queries efficiently.

Requirements

  • First Degree in Law
  • Relevant professional certifications on Risk and Collections is a plus
  • Proven experience in field collections, recovery processes, repossessions
  • Strong analytical skills with the ability to assess complex risks and develop effective mitigation strategies across multiple risk types
  • Excellent communication and interpersonal skills with the ability to collaborate effectively with cross-functional teams and interact with stakeholders at all levels.
  • Proficiency in data analytics.

Benefits

  • Private Health Insurance
  • Performance Bonus
  • Pension Plan
  • Training & Development.

Application Closing Date
Not Specified.

How to Apply: Interested and qualified candidates should Click here to apply online

Recruitment Process

  • A screening call with a member of the recruitment team for 30 minutes.
  • Technical Interview with key stakeholders
  • Final interview with the hiring manager.

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