Loan Recovery Officer – Intern

About the job

BainesCredit is a CBN licensed microfinance bank (MFB) that has been in existence for over 5 years.

A Tier-1 bank that is MSME focused institution, providing financial support for businesses with our array of innovative solutions.

BainesCredit is a tech-enabled MFB leveraging on digital technology to serve our over 10,000 customers.

We are recruiting to fill the position below:

Loan Recovery Officer – Intern

Loan Recovery Officer to be responsible for collecting bad debt including written-off loans and loans overdue more specified days with compliance with acceptable common practices aligned with legal framework requirement.

RESPONSIBILITIES

• Create a detailed action plan for dealing with bad loans from previous and current years.
• Identify clients with problematic loans and rate recovery possibilities i.e Low, Medium, or High Risk.
• Work closely with Relationship Managers and Credit/Risk Manager to execute recovery techniques and strategies including regular home visits and collection drives, Identify root cause of laon deliquencies and recommend improvement changes to improve portfolio quality.
• Get definite commitments from defaulting clients and ensure they follow through on their pledged repayment dates.
• Other tasks as assigned by supervisor.

REQUIREMENT

• OND, HND, NCE is preferred.
• 0 – 1 year working experience.
• Strong analytical and problem-solving skills.
• Must have good computer literacy and be able to use Microsoft Office tools.
• Must be fluent in the English language (both written and Oral).
• Must have the ability to make fair and ethical decisions in tough circumstances.
• Must be very organized in order to handle multiple projects simultaneously.
• High self-motivation with strong interpersonal skills.
• Must have the ability to motivate and persuade others, particularly delinquent clients to repay debt.
• Abilities to communicate with local authorities and legal / court members in an articulate and professional manner.
• Demonstrate high level of ethical commitment and trustworthiness.
• Proximity to Ikoyi and its environs.