About the Role
HRLeverage Africa is recruiting a dynamic Credit and Recovery Manager on behalf of our esteemed client to optimize credit operations, minimize risk, and drive aggressive debt recovery targets. This leadership role is pivotal in maintaining a healthy financial portfolio while driving cash recovery strategies within a fast-paced environment.
Key Responsibilities- Lead the recovery of ageing overdue portfolios and consistently drive cash recovery targets.
- Reconcile and manage overdue accounts through professional calls, field visits, formal demand letters, and legal escalations.
- Conduct thorough assessments of new and repeat credit applications using bank statements, cash flow analysis, credit bureau data, and trade references.
- Monitor overall portfolio performance and ensure timely escalation of high-risk overdue accounts.
- Supervise, mentor, and guide the Collections Officer and Data Entry Officer.
- Prepare comprehensive weekly recovery and monthly portfolio health reports for executive management.
- Continuously develop, refine, and strengthen internal credit assessment, control, and approval processes.
- Bachelor's Degree in Accounting, Finance, Economics, Banking, or a related discipline.
- 5 to 8 years of proven experience in credit control, collections, debt recovery, or credit risk management.
- Minimum of 2 years in a supervisory or leadership role within a similar financial environment.
- Demonstrated track record of successfully recovering difficult overdue credit facilities.
- Strong SME credit assessment, financial analysis, and credit bureau reporting experience (First Central CRB preferred).
- Advanced proficiency in Microsoft Excel and financial data analysis.
- Exceptional negotiation, communication, problem-solving, and interpersonal skills.
- Proficiency in the Yoruba language is an added advantage.
- Must currently reside in Ibadan or be fully willing to relocate immediately.
- Must currently be employed in a similar credit or recovery role.
- Competitive gross monthly salary ranging from N600,000 to N800,000.
- Lucrative and uncapped recovery commissions alongside collections commissions.
- Performance-based quarterly bonuses.
- Comprehensive Health Maintenance Organization (HMO) coverage.
- Standard pension scheme and 13th-month salary.
- Official laptop and phone allowances.
- Paid annual leave and professional growth opportunities.