About the Role
FairMoney is a leading digital platform in Nigeria providing instant loans through our Android app, transforming how financial services are accessed. We are seeking a dynamic Legal Repossession Manager to join our growing team in Lagos and play a pivotal role in minimizing credit losses. In this multifaceted position, you will ensure effective vendor and litigation monitoring while overseeing the seamless management of our bank repossession processes and secured assets. If you possess a strong legal background combined with sharp risk management acumen, this is an exciting opportunity to make a tangible impact in a fast-paced fintech environment.
Key Responsibilities- Evaluate delinquent accounts and recommend effective legal recovery strategies to minimize credit exposure.
- Maintain and update comprehensive litigation portfolio records, ensuring proper release of legal documents.
- Obtain necessary approvals and release original title documents to successful buyers of assets or properties.
- Verify that properties and assets listed for sale are under the Bank's absolute authority to sell, free from encumbrances.
- Conduct physical inspections and ensure complete documentation of newly proposed assets prior to listing.
- Review reports from Debt Recovery Agents and provide actionable feedback.
- Oversee efficient repossession and disposal processes, ensuring secure storage facilities and maximum security realization.
- Manage recovery initiatives related to the company's write-off portfolio.
- Resolve customer queries efficiently while maintaining professional stakeholder relationships.
- First Degree in Law (LLB).
- Relevant professional certifications in Risk and Collections will be a strong advantage.
- Proven professional experience in field collections, legal recovery processes, and asset repossessions within the Nigerian market.
- Strong analytical skills to assess complex risks and develop effective mitigation strategies.
- Excellent communication and interpersonal skills for cross-functional collaboration.
- Proficiency in data analytics for tracking recovery metrics.
- Comprehensive private health insurance coverage.
- Competitive performance bonuses.
- Reliable pension plan contribution.
- Continuous training and professional development opportunities.