Moniepoint Incorporated

Banking + 2 more

Head of Recovery

Job details

Contract Type

Description
  • Bachelor’s degree in Law (LLB)

  • Minimum 7 years of experience in debt recovery/litigation in Nigeria

  • Strong knowledge of debt recovery laws, banking regulations, and court procedures in Nigeria.

  • At least 7 years of experience in credit recovery

  • Strong network of legal and law enforcement contacts across the country

  • Proven experience in leading a recovery team and managing high-value non-performing loans

  • Proven experience in handling recovery in each of the 6 geo-political zones in Nigeria

  • Excellent negotiation, problem-solving, and decision-making skills.

  • Strong analytical skills and ability to interpret financial data


Responsibilities
  • Develop and execute recovery strategies to reduce non-performing loans and bad debt provisions.

  • Act as the primary legal strategist for the recovery department, ensuring all actions comply with financial regulations and debt collection laws.

  • Manage high-level engagements with external stakeholders, including law enforcement agencies, regulatory bodies, and external counsel, to expedite the resolution of non-performing loans (NPLs).

  • Design the recovery organisation and supervise the hiring process for recovery talent

  • Optimise the effectiveness of the recovery team by setting clear objectives and key performance indicators (KPIs).

  • Continuously provide training to the recovery network in alignment with established recovery strategies and industry best practices.

  • Report on recovery performance and provide insights to senior management.

  • Collaborate with internal departments such as credit, legal, risk, and finance to align recovery efforts.


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