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Loan Recovery Officer
About this role
A full-time role for a Loan Recovery Officer in Lagos at Nairapoint Finance Limited. The position focuses on recovering delinquent loans, protecting asset quality and ensuring compliant, ethical debt recovery. It targets candidates with loan recovery or credit risk experience within financial institutions.
What you would do
- Monitor loan portfolio daily to identify due, overdue or early default accounts
- Contact borrowers to issue reminders and secure repayment commitments
- Execute collection strategies and negotiate repayment plans or restructuring
- Coordinate collateral realisation and enforcement with Legal Counsel or recovery agents
- Refer unresolved accounts to external solicitors or agents and supervise their performance
- Document recovery actions and prepare regular recovery and PAR reports for management
What they are asking for
- Bachelor’s degree in a related field (Accounting, Finance, Banking, Economics, Business Admin, Law)
- Professional certification (ACA/ICAN, ACCA, CIBN) is an added advantage
- 3–5 years of progressive loan recovery, collections or credit risk experience
- Understanding of loan recovery strategies, collateral realisation and CBN guidelines
- Knowledge of Nigerian debt recovery laws, consumer protection regulations and credit bureau reporting
- Strong negotiation, analytical and communication skills with high integrity and professionalism
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