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.