Debt Recovery Managers in Abuja, Nigeria

at Ascentech Services Ltd

Minimum Qualification
Bachelor's Degree
Required Experience
3 - 5 years
Employment Type
Full Time
Male or Female

Job Description

One of our clients in the Distributoin industry is seeking to hire a Debt recovery manager in Kano, Abuja and Port Harcourt who will engage, manage and work directly to improve the activities of the credit department for the organization.


  • Create a credit risk management environment of an acceptable quality, in terms of established credit guidelines
  • Assist in developing sound, acceptable credit policies
  • Analyze delinquent accounts and prepare report on highest risk accounts including recommendations for resolution.
  • Interact with customers to obtain additional credit information to support credit lines
  • Reconcile transactions and balances to maintain accurate accounts
  • Initiate credits and adjustments to customer accounts within company policy limits
  • Check for credit viability on requests for extended terms, and evaluate various adjustments or exception documents
  • Submit requests to senior management and supporting documentation for accounts requiring credit lines
  • Research and make decisions on finance charges
  • Maintain bad debt and bad debt recovery records
  • Monitor receivables and collections and provide updates of receivables and provide appropriate reporting procedures
  • Identify problem accounts and provide regular updates of receivables to management
  • Negotiate payment programs with delinquent customers
  • Identify accounts requiring collection agency or legal action and coordinate collections with third party contractors
  • Monitor violations of credit policies, provide analysis, conclusion and recommendations, present findings to senior management and suggest actions/penalties to be taken when appropriate
  • Develop processes and procedures for evaluating customer financials and setting and changing credit lines/limits, as well as credit holds; implement liens as necessary to major delinquent account as approved
  • Generates legal documents used in the credit function
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