Loan Monitoring & Recovery Officer

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.