Recovery Officer at GTI Investment

Recovery Officer at GTI InvestmentPosted on Fri 31st Jan, 2025 – hotnigerianjobs.com — (0 comments)

GTI Investment – Your Trusted Partner in Investment Banking Services. We offer a broad range of services, including Securities Dealing, Asset Management, Trusteeship, Corporate Finance, Private Equity, and Microbanking. Since 1998, we have been dedicated to guiding our highly diversified client base – including corporations, financial institutions, governments, and individuals – toward a financially secure future.

We are recruiting to fill the position below:

Job Title: Recovery Officer

Location: Marina, Lagos
Employment Type: Full-time

Responsibilities

Follow up on major debtors to resolve Loan repayment challenges before default.
Working to repossess/recover Assets and properties of defaulting Loan Clients e.g; Bikes, Cars e.t.c..
Monitor Loan Portfolio of the Bank for the purpose of resolving issues with NPL (Non-Performing Loans) and scaling down the overall
Portfolio at Risk of the Bank.
Carry out regular calls, site and follow up visits, to implement remedial strategies and action plans agreed with the Team Lead.
Raise and tender Demand Notices to defaulting customers of the Bank
Review all credit files for proper documentation and monitoring.
Provide progress reports on interactions with Loan Customers in respect of Loan repayment status.
Monitor and obtain background information and feedback on all accounts assigned to the Assets & Recovery Agencies to ensure
Accounts to them are fully recovered.
Monitoring and recovery of Past due obligations/Expired Loans in the Bank.
Follow up on sale of securities deposited for collateral alongside the legal department after other remedial strategies have been exhausted.
Preparation and recommendation of strategies for recoveries on major assigned accounts to the Team Lead.
Preparation of Payment Vouchers to Business Partners for Loan repayment deduction and remittance.

Requirements

Candidates should possess a Bachelor’s Degree with 2 – 5 years experience.

Application Closing Date
10th February, 2025.