Recovery Officer at Baobab Microfinance Bank

Baobab Microfinance Bank is a leading financial inclusion group focusing on serving individuals, micro and small businesses in Africa and China. Our mission is to unleash the potential of our clients offering them simple and easy to use financial services. Founded in 2005 as Microcred, today Baobab has over a million customers and 3,800 employees operating in Burkina Faso, China, Democratic Republic of Congo, Ivory Coast, Madagascar, Mali, Nigeria, Senegal, etc.

Title: Recovery Officer

Locations: Wuse – Abuja (FCT) and Yaba – Lagos

Employment Type: Full-time

Responsibilities

• Recover bad debts from debtors who show unwillingness to pay back the loan taken.
• Conduct regular review and visits to clients with outstanding loan portfolios at risk.
• Daily review of all the outstanding and overdue loan clients.
• Make regular reports and suggestions to the bank on actions required to protect its fund from bad loan clients.
• Recovery of classified loans.
• Initiates process to prosecute hard core debtors in line with guiding bank policy,
• Negotiate work out plans with willing debtors.
• Liaise with branches to manage and monitor non – performing loans.
• Any other responsibilities that may be assigned by the immediate supervisor.

Required Skills / Experience

• Candidates should possess an HND or B.Sc Degree
• 1 – 3 years of experience in Recovery in a Microfinance Institution
• Strong negotiation
• Articulate and result oriented
• High level of integrity
• Accurate, organised and motivated
• Previous loan recovery experience
• Experience in loan disbursement and recovery with an MfB

Application Closing Date
5th July, 2024.

Method of Application
Interested and qualified candidates should send their Applications to: [email protected] cc: [email protected] using the Job Title as the subject of the mail.