Head Credit Collection and Recovery
Head Credit Collection and Recovery
Posted on :
04-12-2024
Employer Active
1 Vacancy
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Job Description
- Lead the transformation of the Collections & Recovery Unit by developing standardized processes and automation of critical processes and reports.
- Supervise the Collections & Recovery team in the development and review of a list of Standard Collections & Recovery Reports to aid reporting to the Management and Board.
- Supervise Team Leads to ensure matters arising on the Criticized Assets Committee are efficiently handled and closed.
- Oversee the preparation of the Groups budget for strategic purposes.
- Prepare a proposal for writeoffs to the Executive Management for authorization and subsequently to the Board of Directors for approval.
- Process account for write off; pursuant to board approval and ensue CBN verification thereafter.
- Ensure recoveries on memo accounts are recognized as income; monitor all classified accounts and ensure that excess provisions are written back to income accounts.
- Supervise the collation and consolidation of returns on recovery activities from regions and market facing SBUs for presentation to management.
- Oversee the rendition of reports to regulatory bodies and external auditors as required.
- Liaise with Collections & Recovery team Collateral Mgt. CAD FPM HR Portfolio Management and other depts. on recovery matters
- Ensure the preparation Exco Report in the required format.
- Approve fees for recovery agents and solicitors.
- Coordinate & disseminate necessary information within and outside the group as the need arises
- Perform Risk control selfassessment (RSCA) of the group.
- Work with the Legal Unit to ensure best resolution on all accounts under litigation and maintain a report on all recovery litigation accounts and all accounts under receivership.
- Review reports on collaterals for sale and all accounts under receivership.
- Approve the appointment of third parties engaged by the Bank such as Law enforcement agents property agents recovery agents solicitors surveyors etc.
- Liaise with the third parties engaged by the Bank such as Law enforcement agents property agents recovery agents solicitors surveyors etc. on debt resolution issues and provide standard reports.
- Monitor the Monthly income and collection to ensure set target is achieved.
- Provide support to the business units on resolution of Past Due Obligations.
- Maintain a reports on all AMCON related matters and handle all the correspondences from either AMCON or AMCON Management Partners (AMP). Liaise with the business teams Credit Assessment Department Legal Unit Archive section Channel operations team to source for information on AMCON matters and respond within timeline to avoid sanction on the Bank.
Requirements
- Minimum of 8 years experience in Credit Monitoring Portfolio Management and Recovery experience Experience in distressed or workout facilities and the management of external entities such as law firms to ensure credit agreement compliance. Experience in a noninterest Bank is an added advantage.
- Minimum of bachelor s degree in a related field or equivalent combination of work experience and education. Added advantage will be certifications on debt recovery.
Employment Type
Full Time
Key Skills
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