Addosser Microfinance Bank Limited plays an important role in widening the finance options available to MSMEs by providing finance for their businesses through value-added products and services.

Founded in 2008, Addosser Microfinance Bank Limited is one of the leading Microfinance banks in Nigeria offering a broad range of products and services, to serve its over 103,000 customers through our four business groups: Retail and Microenterprise Banking, SME Banking, Consumer Banking, and Specialized products & investment.

We are recruiting to fill the position below:

Job Title: Head, SME Recovery

Location: Lagos
Employment Type: Full-time

Responsibilities

• Monitors the loan portfolio of the SME banking group.
• Investigate and thoroughly understand borrowers’ problems, and formulate strategies and solutions for resolving problematic loans.
• Works with law enforcement agents throughout the recovery process and provides direction as required.
• Provides cohesive workout strategies, and concise updates on progress, and recommends charge-offs as necessary to management.
• Analyses the loan portfolio for categorization of delinquency and steps to be taken
• Proffering remedial solutions and actions for recovery of delinquent and all other loans in the Group from time to time
• Liaises with Group Head, SME Group on past due obligations and sends signals to the chairman, LMC for further directives.
• Ensures expired loans bank-wide are recovered in line with the agreed threshold
• Ensures timely generation of weekly Reports detailing the following:
• No of cases transferred to LMC and the total amount as at the time of transfer, and date of transfer, and amount recovered compared to previous week.
• No of cases with the police, amount as at date of petition and amount compared to previous week.
• Review customers’ loan files and ensure proper investigations are carried out before making submission to the Management.
• Ensures the SME banking group’s portfolio at risk is within the bank’s set threshold at every point in time.
• Seek advice from the Head legal on matters with the police.
• Prepares schedule of recovery monthly.

Application Closing Date
30th September, 2024.