Recovery Manager
AI summary
Lovonus Microfinance Bank is hiring a full-time Recovery Manager to be based in Lagos, Nigeria. The role involves overseeing loan recovery activities, tracking overdue accounts, negotiating repayment plans, and ensuring timely collection of outstanding balances. The position also requires portfolio analysis, reporting, and collaboration with credit and operations teams to reduce loan defaults.
- Full-time, on-site role based in Lagos State, Nigeria
- Responsible for loan recovery, overdue account tracking, and repayment negotiations
- Requires Bachelor's degree in Banking and Finance, Accounting, Business Administration, Economics, or related field
- Prior experience in loan recovery, collections, or credit control is highly beneficial
- Apply by sending CV and cover letter to hr@lovonusmfb.com
AI job guide
Use this guide to check salary signals, requirements, documents, application steps and safety before you apply.
AI salary guide
Not enough public dataNot enough public salary data is available for this exact role. Before applying, prepare to ask about gross pay, benefits, contract length, probation period, transport and any allowances.
Can you qualify for this role?
- UnclearRelated work experienceThe text mentions experience, but the exact level should be confirmed at source.
- RequiredEducation or certification mentioned in the postThe captured text mentions education, a diploma, certificate, or licence.
- PreferredPractical evidence in call_center, internship, technologyThe tags and summary point to skills connected with this role.
- RequiredAvailability to work in Not specifiedThe vacancy is associated with this location.
- UnclearComfort with the Full Time contract termsConfirm hours, duration, probation and benefits at the original source.
Documents to prepare
- Likely requiredUpdated CV
- Role specificCover letter or short employer message
- OptionalProfessional references
- Role specificAcademic or professional certificates
- VerifyID or passport only after verifying the employer
Application tips for this job
- Place your strongest Recovery Manager evidence in the first half of your CV.
- In your cover letter or employer message, connect your experience to Lovonus Microfinance Bank and the role in Not specified.
- Add concrete examples related to call_center, internship, technology, ideally with measurable outcomes or clear responsibilities.
- Follow the instructions from MyJobMag Nigeria; avoid sending documents to unofficial contacts or copied links.
- Confirm the deadline, interview location and employer contact before sharing personal documents.
- Prepare a polite question about pay, benefits and contract terms for later interview stages.
Source and safety check
- MyJobMag Nigeria
- Original source link available
- Application method is clear
- Deadline not specified
- No major risk signal was detected in the captured text.
Never pay for interviews, shortlisting, medical checks, uniforms, or job placement. Confirm every application at the original source before sharing personal documents. Report suspicious listing.
Interview preparation
- What experience makes you a strong fit for this Recovery Manager role in call_center, internship?
- How have you handled responsibilities similar to those in this job post?
- Are you available to work in Not specified under the listed contract or schedule?
- Prepare examples with clear responsibilities, tools used and measurable outcomes.
- Review the source and research Lovonus Microfinance Bank before the interview.
Ask what the first priorities will be in the role and how success will be measured.
Similar jobs to consider
Use AI to apply better
After confirming the original source, use Career Assistant to check role fit, tailor your CV and prepare a cover letter or employer message.
Original source description
Lovonus Microfinance Bank is licensed by the Central Bank of Nigeria under the Bank & Other Financial Institution Act (BOFIA) of 1991 (as amended) and the National Microfinance Regulatory and Supervisory Framework of December 2009.
The bank was incorporated in 2010 and started operations in February 2012. Lovonus MFB provides banking services especial...
Recovery Manager
Job Type: Full Time
Qualifications
BA/BSc/HND
Strong knowledge of loan recovery processes, credit risk management, and microfinance operations.
Proficiency in data analysis, portfolio monitoring, and use of banking or loan management software.
Excellent communication, negotiation, and conflict-resolution skills for engaging with clients and internal stakeholders.
Ability to interpret and apply relevant banking regulations, including CBN and microfinance guidelines.
Organizational and time-management skills, with attention to detail and accuracy in documentation.
Bachelor’s degree in Banking and Finance, Accounting, Business Administration, Economics, or a related field.
Prior experience in loan recovery, collections, or credit control within a financial institution is highly beneficial.
Integrity, professionalism, and the ability to work effectively in an on-site team environment in Lagos State, Nigeria.
Check how your CV matches this job
Method of Application
- Interested and qualified candidates should send their CV and cover letter to
- hr@lovonusmfb.com
- using "Application for Head of Legal Services" as the subject of the email.
- Build your CV for free.
- Download in different templates.
Experience
Location: Lagos
Job Field: Customer Care, Success and Service
Role Description
The Recovery Manager is a full-time, on-site role based in Lagos State, Nigeria.
The role is responsible for overseeing loan recovery activities, including tracking overdue accounts, contacting clients, negotiating repayment plans, and ensuring timely collection of outstanding balances.
The Recovery Manager will analyze portfolio performance, identify high-risk accounts, and implement recovery strategies that align with regulatory and internal policies.
This role also involves preparing recovery reports, collaborating with credit and operations teams, and recommending process improvements to reduce loan defaults.
The Recovery Manager will ensure all recovery actions are documented accurately and conducted in a professional, ethical, and compliant manner.