Job title : Recovery Officer

Department : Risk Management

Reporting Line: Head of Recovery

Location: Head Office

Job Objectives

Monitor & follow up with customers to ensure timeliness & effectiveness in collection of engagements.
Investigates and pursues the collection of current and delinquent accounts involving revenues due to the bank

Proactive Operational Risk Management with a view to reducing Operational Losses in the Bank and in compliance with the banking policies.
Focusing on maximizing the recovery of outstanding debts from former customers using effective negotiation and settlement techniques

Role & Responsibilities

Formulate, implement and review effective recovery strategies to achieve the established recovery targets for the
Review delinquent Enterprise loan accounts which are handle by Area Business Office
Ensure strict compliance to established guidelines and internal policies and procedures on Non Performing Loans (NPL
Formulate, implement and review the process enhancement to improve productivity and work quality
Ensure compliance with the Group’s standards and regulatory requirements pertaining to Money Laundering and KYC
Continuously identify accounts with potential for recovery and ensure effective recoveries measures are implemented

Allocate targets and review performance to manage NPL accounts.
Prepare/Review facilities for restructuring/rescheduling and compromised settlement with sound and analytical justification, for approval and implementation
Ensure borrowers comply restructured/rescheduled and compromised settlement terms.
Coordinates collection activities with other departments and outside agencies and resolves problems in the recovery process; assists in developing and modifying revenue recovery procedures.
Obtains information on and locates debtors with delinquent accounts using skip tracing techniques, including credit reports and information from various governmental agencies.
Ensure timely liquidation of collector
Ensure litigation action progress smoothly without lapses
Ensure compliance to bank guidelines/policies in respect of classification of accounts, adequacy of Loss provision, suspension of interest, valuation update of collateral, proper accounting and recognition of recoveries to P&L.
Comply with the Bank’s policies/operating procedures on NPL accounts

Review all recovery management reports to ensure accuracy and timely submission to management
Creation of Risk awareness among employees in the Bank
Provision of overall leadership and direction for the Bank
 

Key Performance Indicator

Timely rendition of risk reports; Consistent collation of data for analysis; Accurate and realistic stress reporting
 
EDUCATION REQUIREMENTS

First degree (or equivalent ) in Accounting, Banking & Finance, Economics or related discipline
Postgraduate and/or Professional qualifications in accounting e.g. ACA, ACCA, MBA etc
 
EXPERIENCE

4 -8 years cognate experience, with at least three (3) years in a Leadership capacity.
 
Key Competencies:

Knowledge

Must clearly embrace and exhibit UBA values
Knowledge of Banking Operations
 

Skills/Competencies/Aptitudes

Quantitative skills
Proficiency in Computer Processing
Analytical and interrogative skills
Good Interpersonal and Communication Skills
Supervisory skills
Understanding of regions legal system
Application submission

APPLICATION SUBMISSION :

Candidates should send their resume and motivation letter to [email protected], with the heading “RECOVERY OFFICER” later September 29, 2024

 Only shortlisted candidates will be contacted to proceed to the interview stage.

 If you do not receive any response 01 month after this publication, kindly consider your application as non-accepted for this time