Debt Recovery / Credit Manager
Winock Solar Nigeria Limited
Deadline of this Job:
Date Posted: Tuesday, April 26, 2022 , Base Salary: Not Disclosed
Debt Recovery / Credit Manager
• Job FieldFinance / Accounting / Audit
• About Winock Solar Nigeria Limited
Winock is a registered Nigerian company established in 2016, specialising in flexible and cost-effective equipment rent to own service for micro-businesses. We officially started operations in 2017, providing Solar equipment leasing services to customers such as phone chargers and barbers. In 2019, we switched to rent to own to enable our customers to own their equipment after a fixed time period. Over time, we expanded to include other types of equipment and we are fast gaining a market reputation as the leading equipment rent to own service provider for micro-businesses. We have significantly differentiated our rent to own service by being flexible and cost-effective.
Location: Head Quarter, Abuja (FCT)
Department: Credit Department
Reports to: Head of Winock Lending
Supervises: Credit Analyst & Recovery / Repossession Officers
• Oversee the company’s lending process, creating credit scoring models, setting loan terms and determining interest rates; minimize bad debts and increase revenues from loans.
The Job responsibilities include without limitation, the following:
•Recover bad debts from delinquent debtors.
•Obtain delinquent reports for all assigned defaulting portfolios and manage the recovery process.
•Reduce the non-performing loans
•Design work-out payment plans for debtors
•Develop options and alternatives that guarantee an effective recovery process, by devising customized recovery strategies on a case by case basis.
•Respond and enforce the firm's policy issues to clients, such as fraud, breach of contract etc.
•Maintain appropriate and comprehensive records of customer discussions.
•Manage all assets (vehicles, income-generating assets, personal assets and inventories) presented for repossession in line with the firm's processes and procedures.
•Maintain confidentiality while handling customer enquiries and information.
•Deliver high quality, efficient, responsive and professional service during the recovery process that portraits the firm's ethical conduct.
Credit Manager Responsibilities:
•Conduct thorough analysis of financial statements and assessment of credit requests, including new requests, changed requests, refinancing and annual due diligence.
•Acts as a liaison between financial institutions, individuals and businesses applying for loans , as well as process loan application
•Research and evaluate clients’ creditworthiness
•Present analysis, findings, and recommendations to managers, especially findings that involve a borrower’s ability to repay
•Create credit scoring models, both mathematical and statistical ones that directly relate to the risk being measured or predicted risk.
•Approve or reject loan requests, based on credibility and potential revenues and losses
•Calculate and set interest rates
Qualifications and Experience
•Graduate (BSc) Degree or HND in any field.
•Having field work experience with a minimum of 5 years of experience
•Having relevant experience is an added advantage.
Functional Competencies and Skills:
•Effective communication / interpersonal skills with people at all levels, including the ability to use tact, diplomacy and persuasiveness
• Strong leadership negotiation and problem-solving skills
• Detailed knowledge of required documentation and a thorough knowledge of Lien Laws that govern the transactional relationship between the Customer and the Company
• Knowledge of contract payments
• Understanding of financial and debt analysis
• Knowledge of micro, small and medium enterprise market.
• Attention to details and analytic skill
• Effective Time Management skills
• Effective communication skills
• Confidentiality and ethical attributes
• Working knowledge of Microsoft office suite
• Customer relationship management skills
• Working knowledge of Business and CRM software specifically SugarCRM and Quickbooks.
• N150,000 monthly.
Work Hours: 8
Experience in Months: 48
Level of Education: Bachelor Degree
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