Loan Monitoring & Recovery Officer

About this role

The role involves managing the lender’s active loan portfolio to ensure repayments are on time and to lead recovery efforts for overdue loans. It requires evaluating a borrower’s financial health, validating loan details, guarantors, and collateral, and taking appropriate recovery actions within policy and regulatory guidelines. The position also entails due diligence on applications, reporting on loan performance, and maintaining accurate records, with occasional involvement in restructuring repayment plans and, if needed, pursuing legal steps. The role reports to the Chief Executive team. It is for candidates with a bachelor’s degree and about three years of experience, and it operates within Leap Microfinance in Nasarawa, which offers various financial services.

What you would do

• Oversee the active loan portfolio to ensure timely repayments
• Regularly assess clients' financial health and business performance
• Conduct due diligence on loan applications to confirm information authenticity
• Validate collateral and assess associated risks
• Validate guarantors in good standing
• Implement strategies to recover overdue loans and engage clients
• Restructure repayment plans when appropriate
• Initiate legal or enforcement actions when necessary
• Prepare reports on loan performance with recommendations
• Maintain accurate records of monitoring, verification and recovery activities

What they are asking for

• Bachelor’s degree
• Approximately 3 years of experience in loan monitoring, recovery, or a related field

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