Vacancy: Recovery Officer — First Bank of Nigeria
💼 Vacancy: Recovery Officer — First Bank of Nigeria 📍 Locations: Lagos | South | North | East 💰 Compensation: ₦350,000 – ₦500,000 Monthly 🏢 Office Address: Samuel Asabia House, Lagos About the Role First Bank of Nigeria revered as the cornerstone of modern banking in West Africa — is seeking experienced Recovery Officers to fortify its credit risk and debt management divisions across key regions in the country. With more than a century of sustained excellence, First Bank remains a pillar of stability and trust, offering employees a culture that values professional growth, discipline, and innovation. As a Recovery Officer, you will be charged with the strategic and operational management of non‑performing loan portfolios. Your expertise will help reduce delinquent accounts, protect secured collateral, and reinforce the Bank’s reputation for integrity, diligence, and financial prudence. The position demands a strong sense of discretion, legal understanding, and a results‑driven approach to revenue recovery in alignment with First Bank’s corporate ethics and governance standards. Key Responsibilities Conduct systematic recovery operations to reduce bad debt and ensure steady cash inflow into the Bank’s credit portfolio. Initiate, monitor, and report frequent recovery drives within assigned territories to target recalcitrant debtors. Engage, train, and supervise contracted recovery agents to ensure goal alignment and adherence to ethics. Provide regular updates to management through monthly and quarterly performance reports. Conduct collateral verification and physical inspection to safeguard secured assets. Oversee foreclosure procedures for defaulting customers and facilitate asset liquidation where legally appropriate. Liaise with law enforcement agencies, courts, and external counsel on cases relating to fraud, trespass, or mortgaged property. Prepare and review repayment plans submitted by clients and advise management on achievability. Collaborate with compliance and legal departments to maintain adherence to current debt regulations. Render timely postings of recoveries into the CAMAC system and maintain accurate account records. […]
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