Loan Recovery Officer at Ave Maria Multipurpose Investment Limited (AMMIL)

Ave Maria Multipurpose Investment Limited (AMMIL), a micro-credit institution of the Catholic Diocese of Oyo was established in September 2018 to provide soft loans to small business owners in the diocesan coverage areas. The institution is a metamorphosis of the defunct Entrepreneurship Development Programme (EDP) of the Justice Development and Peace Movement (JDPM) Oyo which trains youth, women, and other less privileged people in the society in the basic and viable business of tie and dye.

We are recruiting to fill the position below:

Job Title: Loan Recovery Officer

Location: Oyo Town, Oyo
Employment Type: Full-time

Duties & Responsibilities

• Follow up with customers for all outstanding payments and identify problematic accounts. Ensures Non-Performing Loans are followed up and monitored diligently.
• Responsible for communicating with delinquent borrowers, and establishing and developing effective payment plans with the delinquent borrowers.
• Making collection efforts on past due accounts vide site visit, email or phone in order to achieve prompt payment.
• Advise borrowers of their legal liabilities under existing contract law (including the interpretation of their liability under the loan agreement).
• Perform daily operational or admin duties of the department including daily reports and processing of accounts.
• Compile statistics and reports related to Credit Admin for management review.
• Liaise with lawyers to issue a Notice of Demand and Notice to Recall
• Follow up with lawyers on litigation cases until the cases are closed.
• Submit the litigation cases to the judge
• Attend Court to meet with the Judges whenever required.
• All other matters ancillary to the above and perform any other related duties that Management may require from time to time.

Requirements & Qualifications

• A Degree in Banking / Finance / Accounting or Economics is preferred.
• Minimum of 2 years experience in a loan recovery role.
• Good communication skills.
• Familiarity with bank deposits/loan products.

Benefit / Packages
We offer competitive remuneration package and opportunity for career and personal development.

Application Closing Date
31st July, 2024.

Method of Application
Interested and qualified candidates should send their Application Letters and Curriculum Vitae in Microsoft Word to: [email protected] using the Job Title as the subject of the mail.

Note: Shortlisted candidate(s) will be invited for interview via SMS and Telephone Call (s).