Moniepoint is a financial technology company digitising Africa’s real economy by building a financial ecosystem for businesses, providing them with all the payment, banking, credit and business management tools they need to succeed.About the Role

The Head of Recovery is a strategic leadership role responsible for architecting and executing Moniepoint’s debt recovery framework.
As a qualified legal professional, you will ensure minimal credit losses by optimizing the recovery unit’s efficiency through a blend of rigorous legal strategy and operational excellence.
In this capacity, you will develop and implement comprehensive recovery strategies, design the organizational structure of the recovery unit, and recruit high-caliber talent.
Your deep legal expertise in debt litigation and asset recovery will be vital in navigating complex delinquency cases.
You will leverage a data-driven approach to evaluate the efficacy of recovery tactics and personnel performance.

What you’ll get to do

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.

Qualifications

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

Relevant Skills:

Loan Recovery
Credit risk management
Data analytics and statistics 
Negotiation and Conflict Resolution
People Management
Performance Management
Training and People Development.

Written by

9jabook

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Moniepoint is a financial technology company digitising Africa’s real economy by building a financial ecosystem for businesses, providing them with all the payment, banking, credit and business management tools they need to succeed.
The Head of Recovery is responsible for shaping and executing Moniepoint’s loan recovery strategy, ensuring minimal credit losses by optimizing the effectiveness and efficiency of the recovery unit. In this role, you will develop and implement recovery strategies, design the recovery organization, and recruit top talent. A data-driven approach will be essential in evaluating the effectiveness of both strategies and personnel.
Additionally, you will engage with external stakeholders, including law enforcement and legal firms, as needed, and establish a streamlined process to maximize the recovery of delinquent and non-performing loans. This position demands extensive experience in recovery and credit risk, strong negotiation and conflict resolution skills, leadership, data-driven decision-making, and a commitment to high ethical standards.

What You’ll Get To Do

Develop and execute recovery strategies to reduce non-performing loans and bad debt provisions.
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.
Develop and maintain relationships with key external partners including law enforcement, legal firms etc.
Report on recovery performance and provide insights to senior management.
Work closely with legal teams on litigation and enforcement proceedings.
Collaborate with internal departments such as credit, legal, risk, and finance to align recovery efforts.

To succeed in this role, we think you should have

A minimum of a B.Sc/H.ND in any business related discipline
At least 10 years of experience in credit recovery, debt collection, or risk management within the banking sector in Nigeria
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

Relevant Skills

Loan Recovery
Credit risk management
Data analytics and statistics
Negotiation and Conflict Resolution
People Management
Performance Management
Training and People Development

Written by

9jabook

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