Recruitment Of Head, Credit and Recovery At County Finance Limited, Ikeja, Lagos

County Finance Limited is a financial company that gives lending opportuniy to individuals and businesses and we are regulated by the Central Bank of Nigeria (CBN).

We are recruiting to fill the position below:

Job Title: Head, Credit and Recovery

Location: Ikeja, Lagos

Employment Type: Full-time

Roles / Responsibilities

Credit:

-Overall responsibility for the credit management function and oversee the underwriting / credit control of all loan files.

-Analyze credit data and financial statements to determine the degree of risk involved in extending credit or lending money.

-Prepare reports that include the degree of risk involved in extending credit or lending money.

-Evaluate customer records and recommend payment plans based on earnings, savings data, payment history, and purchase activity.

-Ensure complete loan applications, including credit analyses and summaries of loan requests, and submit to senior management for approval.

-Review individual or commercial customer files to identify and select delinquent accounts for collection.

-Responsible for the administration and direction of the credit department

-Responsible for preparing and submitting all files to the credit Committee.

-Monitor performance of the loan portfolio and report to the -Managing Director on a periodic basis.

-Assist in the recruitment of other staff members to the team and to the overall development of the credit department in line with business needs.

-Responsible for the credit policies and its compliance with the applicable regulations and laws, credit risk, product and program management

-Ensure that the portfolio is appropriately risk rated and adequately reserved.

Recovery:

-Achieve assigned recovery targets to contribute to organization’s financial performance.

-Overseeing bottom-line metrics, including detailed strategic analysis, forecasting, and account placement

-Implementing new strategies and tactics to improve collections and recovery performance, training and coaching staff to improve performance

-Lead recovery activities across all cities and new location

-Handles special credit arrangements and deviations from standard terms of payment

-Reviews debt recovery process’s effectiveness and policies

-Developing policies, procedures and guidelines governing collection activity.

-Engage with guarantors to negotiate reasonable settlements on post-recovery shortfall amounts and/or collaborate with legal/external counsel in executing the legal strategy of asserting and enforcing legal claims

-Ensure training plans and documentation are up to date and in place for collections of receivables and applications

-Maintains a database of all matters related to late payments by clients including any matters in mediation, litigation, or pre-settlement negotiations

-Reviewing documentation all aspects of contract to assess liability, identify contract issues and judge recoverability

-Establish repayment schedules, monitoring repayment of debts, and adherence by debtors to installment schedules

-Build and manage internal team of debt recovery personnels to achieve late payment goals and key performance indicators of the Company.

Job Qualifications and Requirements

-Candidates should possess a Bachelor's Degree / Master's Degree

-At least 3 years experience in consumer or commercial lending / process analyst or credit / risk / collection

-Good knowledge of corporate credit, collection agencies, legal and compliance procedures, credit risk and account management

-Competent Project Management skills

-Understanding of the full credit lifecycle including acquisition, fraud, account management, collections and recoveries

-Familiar with operating Loan Banking Applications such as Bank One or other enterprise software

-Numerically savvy, able to work with data, perform analysis and communicate result

-Proficient on Microsoft Office Suite

-Able to deal with uncertainty and make decisions with limited information, thus action oriented

-Excellent analytical skills, quantitative and qualitative

3-5+ years of proven experience with at least one year in a managerial role and credit Knowledge of Credit Risk fundamental principles and their application to collections and recoveries strategy

-Strong Excel skills, especially with pivot tables and data manipulation/presentation

-Exceptional organizational, time management, and problem-solving skills

-Must be able to perform independently, be self-motivated, and demonstrate initiative

-Ability to work on big data and generate insight for decision making.

Application Closing Date

30th September, 2022.

Method of Application

Interested and qualified candidates should forward their CV to: careers@county.ng with "Head, Credit & Recovery" as the subject of the email