Loan Monitoring/Recovery Officer
Abeokuta, Ogun
Posted 6 days ago
- Company:
- Mecer Consulting Limited
- Company Description:
- We are a world class Business consulting firm with specialty in SME consulting, Human Capital Development and Business Growth, Business Re-engineering, Merger and Acquisition. Our services include, but not limited to; Workforce Development, ISO certification (QMS, EMS, FSMS, ITMS, MDQMS etc) Complete Business solution services (IT), BDSP, Project financing, BUSINESS PLAN DEVELOPMENT, Project Management, Business Management. We have a wide range of services, backed by a huge depth of knowledge, competence and the expertise of our Consultants and Partners. Our operational business model is to work with a pool of experts from diverse backgrounds, we do this to bring certainty and assurance to the solutions we provide.
- Contract Type:
- Full Time
- Experience Required:
- 3 to 4 years
- Education Level:
- Bachelor
- Number of vacancies:
- 3
Job Description
Loan Monitoring:
Track loan disbursements and ensure funds are used for the intended purpose.
Regularly review loan performance and identify early warning signals of potential defaults.
Conduct periodic site visits and client meetings to assess financial health and repayment ability.
Loan Recovery:
Follow up with delinquent customers and ensure timely loan repayment.
Implement loan recovery strategies, including negotiations, restructuring, and legal actions where necessary.
Maintain proper documentation of all recovery efforts and client communications.
Risk Assessment & Compliance:
Ensure compliance with lending policies and regulatory requirements.
Identify high-risk accounts and develop action plans for recovery.
Work with legal teams to handle litigation and debt recovery processes
Requirement:
At least 2-5 years of experience in loan monitoring, credit risk management, or debt recovery, preferably in a financial institution, microfinance bank, or commercial bank.
A BS.C/HND in Finance, Accounting, Economics, Business Administration, Banking, or a related field. Professional certification (e.g., CIBN, ICAN, ACCA) is an added advantage.
Strong ability to negotiate loan repayment terms with clients.
Familiarity with lending laws, CBN regulations, and debt recovery procedures.
Ability to engage with clients professionally and maintain good relationships.
Ensure accurate record-keeping and compliance with documentation standards.
Experience with loan management software is an advantage.
- Salary:
- ₦350,000.00 Monthly
