Remedial OfficerFintechFinancial Services

Vacancy: Remedial Officer(Fintech/Financial Services) Location: Abuja Job Summary The Remedial Officer is responsible for managing accounts that have been identified as distressed or at high risk of default. They are also responsible for repackaging/restructuring the Companys nonperforming accounts including reducing recovery and foreclosure of assets. Job Responsibilities

• Assess and manage distressed loans to determine the optimal recovery strategy.
• Negotiate with clients to restructure debts or establish new payment arrangements.
• Collaborate with internal teams to assess the financial situation of clients and propose solutions.
• Monitor the progress of remedial accounts and adjust strategies as necessary.
• Prepare reports on the status and recovery efforts of highrisk accounts for senior management.
• Negotiate an acceptable repayment/settlement plan with the borrower principals and in other cases creditors based on the borrowers financial capacity assets and projected financial performance for the orderly liquidation of the obligations to the Bank
• Implement approved courses of action by both internal and external policies to commence recovery on the account
• Formulate strategies to be pursued by ascertaining key success factors and impediments to the recovery of the companys exposure
• Evaluate the profile of every borrower and the (default) circumstances of the same to determine alternative options other than filing a legal case
• Conduct a documentary review of accounts endorsed for remedial action to facilitate the completion of noted documentary deficiencies
• Conduct due diligence work on credits such as but not limited to plant/office visits financial analysis credit analysis projections and credit checkings/asset search to aid in the determination of the appropriate recovery strategy

• Experience in debt recovery credit risk management or a similar role in the financial services industry.
• Bachelors Degree in any field
• At least 1 year of corporate remedial management in Banking or Leasing/Financing Institutions
• Knowledge of credit evaluation remedial management and recovery strategies for corporate accounts; Knowledge of basic Microsoft applications
• Strong negotiation and problemsolving skills.
• Understanding of the legal implications of loan defaults and recovery strategies.
• Excellent communication skills with the ability to handle sensitive situations diplomatically.