Risk/Recovery Officer

Job Description: 

  • Verification of Customers details and information. 
  • Initiate demand and meet all defaulting customers and review credit files for proper documentation and monitoring. 
  • Follow up on all debtor accounts assigned to ensure recoveries 
  • Monitor Loan officers to ensure loans booked by them are fully recovered. 
  • Monitoring and Recovering Expired loans. 
  • Daily call memo and progress report on negotiations with debtors in respect of repayment of indebtedness. 
  • Negotiations/meetings with customers who want loan work out options such as refinancing, rescheduling, and restructuring. 
  • Preparation of approval requests to management for negotiated settlements and follow-up until the loan is fully settled and the balance written off. 
  • Preparation and recommendation of strategies for all recoveries 
  • Give priority attention to regularize outstanding legal and documentation issues on the assigned portfolio. 
  • Liaise with external solicitors to ensure that cases referred to them for legal action are handled with efficiency. 
  • Have good understanding of Enterprise Risk management. 
  • In charge of the risk management desk of the bank. 
  • Assuring long term relationship through the client satisfaction. 
  • Manage and Drive the loan officers to ensure customers and business needs are met. 
  • Develop strategies and roadmap for improving financial performance of the business.


 Applicants should: 

  • Have completed a Bachelor’s degree in related courses. 
  • Have completed NYSC. 
  • At least 3-5 years cognate experience as Risk and Recovery manager in the Microfinance sector. 
  • Good writing, communication, organizational and negotiation skill. 
  • Possess proficiency in Microsoft Office (Word, PowerPoint, Outlook, and Excel). 

Qualified candidates should send CVs to careers@bowenmfb.org using Job title as the subject of the mail. 

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