Job offer: Loan Recovery Officer


Announced
06/11/202412 days ago
Job Status
Full Time
Job Type
Employee
Expiration Date
05/12/2024 17 days left
Job Category
Job Location
Job Title
Loan Recovery Officer
Job Presentation

Our Client is a Bank of Ghana Licensed Specialized Deposit Taking Financial Institution mandated to provide microfinance services to individuals and MSMEs in Ghana. The company has been operating from the Head Office in Kaneshie, Accra with satellite activities in some communities from Ashanti, Ahafo, Western North, Brong Ahafo, Bono East to the Northern Regions since January 2011.

  • Specific Location: Kaneshie-Greater Accra Region
  • Reports to the Chief Executive Officer
  • Purpose Of Position
    The purpose of the role is to manage recoveries and minimize defaults in the organisation.

    Job Summary
    Responsible for planning and recovering defaulted loans, managing delinquent accounts, and minimizing financial losses for the organization.

    Key Responsibilities
    1. Loan Recovery:

  • Identify and pursue defaulted loans.
  • Develop and implement recovery strategies.
  • Negotiate payment plans with borrowers.
  • 2. Delinquency Management:

  • Monitor and track delinquent accounts.
  • Conduct phone calls, emails, and site visits to collect payments.
  • 3. Risk Assessment:

  • Analyze borrower creditworthiness and loan collateral.
  • Identify potential risks and take proactive measures.
  • 4. Communication:

  • Interact with borrowers, guarantors, and third-party stakeholders.
  • Provide updates to management and internal stakeholders
  • 5. Documentation:

  • Maintain accurate records of recovery efforts.
  • Update loan files and database.
  • 6. Legal Action:

  • Collaborate with legal counsel on loan enforcement.
  • Prepare documentation for court proceedings.
  • 7. Reporting:

  • Provide regular recovery progress reports.
  • Analyze and recommend process improvements.

  • Education Required: Bachelor’s / HND


    How to Apply

    Kindly use the following link to apply for this job:
    JOB BY
    Jobsinghana
    59 Okodan St, Blue Gate district, Osu, Accra near Papaye, Accra
      +233 0302 760143, +233 24 3925110

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