At a glance
- Closing date
- The listing does not give one. Employers often close early when they have enough applicants, so apply soon.
- Where
- Lagos, Nigeria
- How to apply
- On myjobmag.com, where the employer takes applications.
- Similar roles
- 84 other open Banking & Financial Services roles on the Nigeria board right now.
Job Summary
The Loan Monitoring & Collections Officer is responsible for monitoring loan repayments, following up on overdue accounts, and implementing recovery strategies to reduce delinquency and maintain portfolio quality.
Key Responsibilities
Monitor loan repayments and identify overdue accounts.
Follow up with customers on past-due obligations.
Negotiate and monitor repayment arrangements.
Conduct recovery visits and collection activities.
Prepare collection and portfolio performance reports.
Escalate high-risk and non-performing accounts.
Maintain accurate recovery records and documentation.
Collaborate with branches and Relationship Officers to improve loan recovery.
Requirements
Bachelor's Degree in Finance, Accounting, Economics, Business Administration, or related field.
2- 4 years' experience in loan recovery, collections, or credit administration.
Strong negotiation, communication, and analytical skills.
Proficiency in Microsoft Excel and report preparation.
Knowledge of microfinance or banking operations is an advantage.
Key KPIs
Portfolio at Risk (PAR)
Recovery Rate
Delinquency Reduction
Collection Efficiency
Timeliness of Reports
Amount of Overdue Loans Recovered
Minimum qualifications
BA/BSc/HND
How to apply
Interested and qualified? Go to First Ally on forms.gle to apply
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