Job purpose:
The job holder is responsible for managing the operations of the Loan Recoveries department in line with AFC’s strategies and policies so as to collect and recover the outstanding loans under the non-performing loan portfolio.
Key Responsibilities:
1. Develop and implement comprehensive remedial strategies for delinquent accounts and non-performing loans (NPLs).
2. Oversee the end-to-end recovery process, including restructuring, refinancing, and enforcement of security.
3. Manage a portfolio of distressed assets, ensuring timely resolution and optimal recovery rates.
4. Negotiate and implement workout arrangements (e.g., forbearance, rescheduling, debt-equity swaps) with defaulted borrowers.
5. Coordinate with legal teams to initiate foreclosure, receivership, or insolvency proceedings where necessary.
6. Conduct in-depth financial and viability assessments of distressed borrowers to determine recovery potential.
7. Monitor and report on the performance of remedial accounts, including provision coverage and recovery timelines.
8. Collaborate with internal stakeholders (Credit, Legal, Finance) to align recovery actions with risk appetite.
9. Engage external partners (auctioneers, valuers, debt collectors) to expedite asset recovery.
10. Recommend write-offs or impairment provisions for irrecoverable debts per policy guidelines.
11. Ensure compliance with regulatory requirements (e.g., CBK Prudential Guidelines) in all recovery actions.
12. Analyze root causes of NPLs and recommend preventive measures to mitigate future risks.
13. Maintain accurate records of recovery activities, including legal documentation and settlement agreements.
14. Represent the Corporation in court or arbitration proceedings related to debt recovery.
15. Conduct root cause analysis of NPLs to inform credit policy enhancements
16. Perform any other duties as assigned by management.
Person Specifications:
For appointment to this grade, a candidate must have:
- Master’s degree from a recognized institution
- Bachelor’s degree in Business Administration, Actuarial science, Mathematics, Agribusiness, Agricultural economics, Banking, Finance, Economics or any other related course or equivalent qualification from a recognized institution
- Professional qualification in Credit Management from a recognized institution
- A member of a recognized professional body where applicable and in good standing.
- Management course lasting not less than four (4) weeks from a recognized institution
- A minimum of fifteen (15) years’ work experience, three (3) of which must have been at least in senior management level;
- Proficiency in computer applications; and
- Fulfills the requirements of Chapter Six of the constitution.
Key Competencies and Skills
- Excellent business acumen
- Leadership and management skills
- Excellent interpersonal and communication skills
- Report writing skills
- Analytical and modelling skills
- Strong situational analysis capability
- Attention to detail and critical thinking
- Strategic planning and problem-solving
- Innovative and resource mobilization skills
Interested and qualified candidates MUST apply ONLINE through the form below.
Only shortlisted candidates shall be contacted.
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Salient Features
| MINIMUM QUALIFICATION | MASTER'S DEGREE |
| EXPERIENCE REQUIRED | 15 YEARS |