First Ally Capital was incorporated on May 20, 2014 as an Issuing House and Financial Advisory firm, with an authorized share capital of N2.5 billion, and an issued and fully-paid up capital of N1.9 billion. The Firm was licensed by the Securities and Exchange Commission on November 20, 2014. The firm commenced operations at a very significant point in the evolution of the Nigerian financial services industry and has leveraged its solid capital base and the excellent track-record and credentials of its team, directors and shareholders. The team behind the firm have been involved in various transactions ranging from Issuance of bonds, raising equity capital, mergers and acquisition, restructuring to project advisory services.

Job Type: Full Time
Qualification: BA/BSc/HND , OND
Experience: 2 - 3 years
Location: Lagos
Job Field: Banking, Customer Care

Job Role

First Ally Trust Microfinance Bank Recovery Officer who will oversee the prompt receipt of overdue repayments. The recovery officer’s responsibility includes spotlighting and contacting defaulters, drafting repayment plans, negotiating payment options and liaising with debt recovery agents.

Duties and responsibilities

1. Ensuring write-backs of provisioned or written-off accounts through the collection of overdue amounts.
Identifying deviations from payment plans.
2. Calling and visiting defaulters to follow up on overdue repayments.
3. Proposing realistic, carefully constructed payment plans.
4. Monitoring defaulters' repayments to stop recurrent non-compliance.
5. Protect the Bank’s Risk assets by closely monitoring all credit facilities
6. Assists the Head of recovery in all recovery matters
7. Collection of assigned accounts to ensure full repayment
8. Early detection of delinquent accounts with collection/recovery strategy
9. Report and update changes in residential and business addresses of defaulters and guarantors.
10. Formulate and implement appropriate strategies and actions to maximize recovery and minimize credit loss
11. Evaluate collateral and documentation to identify recovery/remedial strategy for restructured accounts.
12. Work with the branch managers of the assigned branches on remediation and recoveries.
13. Conduct spot checks on loan customers.
14. Generate collection reminders.
15. Initiate demand letters and reminders to defaulting customers.
16. Any other responsibility assigned by management.

Qualifications

OND/HND/BSc in any related field
Evidence of completion/exemption of/from NYSC

Skills

Sound understanding of remedial and risk management
Proficient in negotiating and persuasion with the ability to synthesize and present arguments in a logical and rational manner
Good understanding of loan classification
Excellent verbal and written communication skills, including ability to effectively communicate with internal and external customers
Strong strategy and implementation skills
Proficient in the use of MS Office suite.
Ability to multi-task and handle pressure