Loan Monitoring & Recovery Officer

At Leap Microfinance, we empower individuals and businesses with smart financial solutions that drive sustainable growth. Numerous financial service include but not limited to; Personal Loans, Business Loans, Salary Advance, Assets Acquisition and Thrift. We are recruiting to fill the position below:

Job Title: Loan Monitoring & Recovery Officer Locations: Abuja (FCT) and Nasarawa

Employment Type: Full-tim Summary The Loan Monitoring & Recovery Officer will be responsible for overseeing the active loan portfolio to ensure timely repayments, assessing client financial health, and implementing strategies to recover overdue loans. The role includes conducting due diligence on loan applications, validating guarantors and collateral, initiating recovery actions when necessary, and ensuring compliance with internal policies and regulatory standards. Job

Responsibilities

Oversee active loan portfolio to ensure timely repayments Regularly assess clients financial health and business performance Conduct thorough due diligence on loan application to confirm the authenticity of provided informationvalidate client’s collateral and assess associated risks Validate all employee’s guarantors in good standing Implement strategies to recover overdue loans, including client engagement and restructuring repayment plans Initiate legal/law enforcement proceedings when necessary to recover defaulted amounts Prepare detailed reports on loan performance, highlighting areas of concern and recommending corrective actions Maintain accurate records of all monitoring,verification, and recovery activities Ensure all loan processes adhere to internal policies and regulatory standards Stay updated on relevant financial regulations and industry best prices Build and maintain strong relationship with clients to foster trust and facilitate effective communication Provide financial counseling to client facing repayment challenges Report to C-Suites Executive.

Qualifications

Interested candidates should possess a Bachelor`s Degree with 3 years experience.