Loan Recovery Officer
About the company Show or hide details
Infinity Trust Mortgage Bank PLC was incorporated on 28th January, 1992 and licensed to operate as a Primary Mortgage Institution (PMI) in 1993. The bank's head office is located in Abuja, Nigeria.
We became a Public Limited Liability Company in 2013 and were subsequently listed on the Nigerian Stock Exchange. Over the decades, we have remained committed to our goal of providing affordable housing solutions.
Staffing capacity
100+ people
Industry
Banking, Finance & Insurance
About this role
Job Profile
We are seeking a highly motivated and results-driven Recovery Officer to join our Risk Department. The role is critical in reducing non-performing loans, improving collection efficiency, and supporting the Bank's overall financial stability and profitability.
Key Responsibilities
- Monitor loan portfolios and identify delinquent accounts for prompt recovery action.
- Develop and implement effective debt recovery strategies.
- Negotiate and restructure repayment plans with customers where necessary.
- Conduct field recovery visits and collateral verification exercises.
- Prepare recovery and risk management reports.
- Prepare Quarterly Board Reports and support the preparation of ALCO and MANCO reports.
- Ensure accurate documentation and compliance with internal policies and regulatory requirements.
- Process and monitor loan disbursements across Mortgage Loans, NHF, MREIF, and EDL Mortgage products.
- Maintain regular communication with borrowers to ensure timely loan repayment.
- Bachelor's Degree in any relevant discipline.
- Minimum of 3 years' experience in loan recovery, collections, credit administration, risk management, or a related banking function.
- Experience in Mortgage Banking or Financial Services will be an added advantage.
- Credit and Financial Analysis.
- Loan Recovery and Collections Management.
- Negotiation and Conflict Resolution.
- Risk Assessment and Portfolio Monitoring.
- Report Writing and Documentation.
- Strong Communication and Interpersonal Skills.
- High level of integrity and professionalism.
- Proficiency in Microsoft Excel, Word, and PowerPoint.
- Results-oriented.
- Strong analytical skills.
- Excellent attention to detail.
- Ability to work under pressure and meet deadlines.
- Strong customer relationship management skills.
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