LOAN RECOVERY OFFICER @ AKIBA COMMERCIAL BANK PLC
Akiba Commercial Bank Plc is seeking a dedicated Loan Recovery Officer to manage non-performing loans and ensure the effective recovery of delinquent accounts while maintaining professional customer engagement. The primary responsibility includes monitoring and following up on overdue loan accounts to implement recovery strategies that safeguard the institution's assets. The role involves negotiating repayment plans with clients and preparing detailed portfolio quality and recovery performance reports to keep management informed of the bank's financial health. Candidates will also be expected to liaise with legal teams regarding recovery actions when necessary and maintain accurate records of all recovery efforts. This role requires a balance of analytical skill and interpersonal tact to handle sensitive financial negotiations effectively while complying with all relevant banking regulations and internal procedures. Successful candidates will contribute significantly to the bank's credit risk management and overall stability.
Key Requirements
Bachelor's Degree in Business Administration or a related field.
Minimum 3 years of experience in credit administration or debt recovery within a financial institution.
Strong negotiation and persuasion skills for managing repayment plans.
Excellent analytical and problem-solving abilities.
Effective communication and interpersonal skills for professional engagement.
In-depth knowledge of banking regulations and debt recovery procedures.
Ability to monitor and systematically follow up on overdue loan accounts.
Proficiency in preparing portfolio quality and recovery performance reports.
Competence in liaising with legal teams for formal recovery actions.
Capability to maintain accurate and up-to-date recovery records.
Proven track record of meeting debt collection targets.
Familiarity with financial software and credit management systems.