La Fayette Microfinance Bank Limited – As an international registered microfinance bank, La Fayette Microfinance Bank offers a complete range of financial services and means of payment for its customers, including savings accounts, current accounts and fixed deposit accounts.
Fully client oriented, La Fayette Microfinance Bank offers great flexibility, independence and financial security to help clients stay committed to their short and long term financial goals. Formally incorporated as La Fayette Microfinance Bank, the bank started full operation in February 2013 and has built a strong client base, serving clients from eight branch networks in Ibadan– Bodija, Challenge, Dugbe, Gbagi and Iwo road, Ogbomosho, Oyo and Saki towns, all strategically situated within close proximity to customers.
We are recruiting to fill the position of:
Job Title: Recovery Officer
Location: South East, Nigeria
Planned Start Date: 19/06/2023
Main Responsibilities
Recovery Management:
- Assess the situation of late payment to facilitate speedy customer in the payment
- Ensure that 50% of clients in Par 1-90 portfolio are contacted.
- Ability to conduct proper portfolio handover.
- Ensure that all correspondence/information are requested and received from responsible Client Officers and kept in the clients file.
Asset seizure/sales:
- Ability to successfully conduct assets seizure independently.
- Ensure proper documentation of the seized item and immediate storage of the same.
- Maintain good communication with the Head of Recovery if challenges occur during seizures and also work with him to fix prices of the items in line with the banks policy.
- Ability to coordinate seizures systematically with sales to ensure that the sales of the items can cover for the total outstanding debt.
Arrears Portfolio Management:
- Conduct Portfolio segment analysis to identify risky segments and potential methods of recovery of the debt.
- Ability to Follow up on pending payment agreements with default clients and reach negotiated agreements with them.
- Identify challenges in own portfolio and discuss same with the Head of Recovery with the objective of overcoming the challenges to recover the debt.
- Identify and analyse portfolio to determine root causes of default and propose the best method of recovery of the loan.
- Ensure that very difficult cases at least 5 per week are brought to the attention of the weekly arrears committee meeting for a concerted effort towards debt recovery.
Reduction of Loan restructuring, Loan refinancing and Loan write-offs:
- Ability to react proactively to unhealthy and risky portfolio thereby saving the institution of losses.
- Conduct prompt follow up on all parties leading to a jointly negotiated settlement and reduction of losses.
- Look for innovative ways to get loan repayment other than restructuring, refinancing and write-offs.
- Reduce write-off projections for own portfolio by 30% monthly.
Generic Responsibilities:
Quality control and production arrears management:
- Ensure the recovery of written off loans.
- Monitor customer file and late payment in arrears.
- Perform reminders by telephone, mail or in the field of late payment by customers.
- Apply debt collection procedures to unpaid instalments
- Maintain close contact with customers when necessary and feasible.
- Achieve given recovery targets
- Negotiate a new schedule in case of actual difficulty of the customer found.
- Ensure recovering unpaid instalments is in accordance to the banks’ policy.
Controls:
- Checking past due notices/other client correspondence/letters.
- Monitoring customers’ compliance to timeline.
Profile
- Education level : HND / B.A. / B.Sc in any related discipline, and must have completed NYSC or possess an exclusion certificate.
- Experience Required: Minimum of one (1) years experience as a collection recovery officer preferably in a financial institution.
- Special Training: Debt Recovery Training will be an added advantage.
Method of Application
Interested and qualified candidates should:
Click here to apply online
Job Title: Relationship Officer
Location: Ibadan, Oyo
Planned Start Date: 03/07/2023
Job Description
- The Client Officer is responsible for processing the loans, monitoring the loan portfolio and developing the Advans La Fayette MFB loan clientele.
- He/she will also be responsible for developing the savings and deposits portfolio for the target groups.
- The client Officer will spend more than 70% of the time on the field by performing visits to clients in commercial areas.
Profile
- Bachelor’s Degree or Higher National Diploma in any discipline from accredited polytechnic or University with NYSC discharge certificate or NYSC Exclusion Letter.
- Good relationship and communication skills with strong team spirit
- Strong analytical skills
- Good computer skills
- Real motivation to work and grow in a performance based environment
- Taste for fieldwork.
Additional Knowledge / Skills Required:
- Practical knowledge of micro / small / medium businesses
- Knowledge of microfinance bank sector is an advantage
- Good writing skills
- Knowledge of the major local languages
Method of Application
Interested and qualified candidates should:
Click here to apply online
Job Title: Internal Audit Officer
Location: Ibadan, Oyo
Planned Start Date: 03/07/2023
Main Responsibilities
Planning Activities :
- To contribute to the risk assessment and the design of the audit plan
Core Audit Activities :
- To participate in the conduct of internal audit missions in line with the audit plan
- To participate in special audit missions as may be required by the Managing Director or the Audit Committee
- To apply Internal Audit Standards and Advans audit methodologies in the course of his/her duties, in order to produce audit programs and working papers including a relevant and sufficient documentation of the audit activities
- To participate in the follow-up of the implementation of internal audit recommendations and, where applicable, of recommendations made by regulators or external auditors
- When deemed necessary, to assist in examining new or updated systems and related procedures prior to their implementation to prevent possible deficiencies in the internal control system
Reporting Activities :
- To participate in the preparation of mission reports and deliver them to his/her supervisor, to obtain management responses and to review these answers before submission to his/her supervisor
- To contribute to the preparation of audit activity reports and other reports on a regular basis for submission to the Audit Committee and the Advans group internal auditor.
Person Specification
Qualification / Education:
- B.Sc / HND in any discipline.
- Professional Qualification such as (CIMA, ACCA, ICAN…) or its equivalent will be an advantage.
Work Experience:
- (External applicants) must have 1-3 years experience as an Internal auditor in a financial insititution.
- (Internal applicants) must have spent a minimum of 18 months in the bank as a staff OR have 1-3 years previous work experience as an auditor.
Skills:
- High-level proficiency in written and spoken English
- Good knowledge of word processing
- Proven spreadsheet skills; good interpersonal relations skills.
Personal Traits:
- Meticulous
- Open-minded
- Autonomous
- Fast learner.
Method of Application
Interested and qualified candidates should:
Click here to apply online
Job Title: Savings & Deposit Officer
Locations: Ibadan, Oyo & Ilorin, Kwara
Planned Start Date: 01/06/2023
Main Responsibilities
Manage a portfolio of clients:
- Prospect potential clients and follow up through regular contact with prospects.
- Manage the relationship with clients in the portfolio to ensure maximum client’s satisfaction and retention.
- Organize an efficient schedule that will allow regular meetings with clients and maximized performance.
- Identify clients’ needs in order to cross-sell effectively.
- Monitor the deposits of the clients under supervision.
- Grow the individual deposit portfolio in line with the targets set by the Management by offering quality service and selling products that fit the particular clients’ needs.
- Accordingly answer clients’ questions and complaints related to Advans LFMFB products and services.
- Participate in the promotion of Advans LFMFB products and services by informing prospects as well as clients.
- Propose new products/services to management.
Organization and Control:
- Ensure compliance of all operations performed with Advans policies and procedures.
- Share information and best practices with other Deposit Officers.
- Report all the issues related to the job to the Branch Manager and Deposit Team Leader.
- Ensure all cash transactions are done according to Advans LFMFB policies and procedures.
- Respect AML/KYC policies by identifying all the clients and reporting any suspicious transaction.
Profile
- Degree or Higher National Diploma in any discipline from accredited polytechnic or University with NYSC discharge certificate or NYSC Exclusion Letter.
- Minimum of two (2) years experience as a deposit sourcing staff in a financial institution preferably a commercial bank.
- Good relationship and communication skills with strong team spirit
- Strong analytical skills
- Good computer skills
- Real motivation to work and grow in a performance-based environment
- Taste for fieldwork.
Additional Knowledge / Skills Required:
- Practical knowledge of micro/small/medium businesses
- Knowledge of microfinance bank sector is an advantage
- Good writing skills
- Knowledge of the major local languages.
Method of Application
Interested and qualified candidates should:
Click here to apply online
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