Loan Recovery Specialist

What role you will play in team: You will work as part of a dedicated team to recover overdue loan payments and minimize loan losses.

What you will do: You will contact borrowers, negotiate repayment plans, and take appropriate actions to recover outstanding amounts.

Key responsibility:

• Contacting borrowers with overdue loan payments.
• Negotiating repayment plans and resolving payment issues.
• Taking legal action when necessary to recover outstanding amounts.
• Maintaining accurate records of recovery efforts and communication.
• Monitoring loan performance and identifying potential recovery issues.
• Collaborating with other departments to improve loan recovery processes.

Required Qualification and Skills:

• Bachelor's degree in a relevant field (e.g., finance, business administration).
• Experience in loan recovery or a related field.
• Strong communication and negotiation skills.
• Ability to work independently and as part of a team.
• Excellent organizational and time-management skills.
• Knowledge of legal procedures related to debt recovery (preferred).

Benefits Included:

• Competitive salary and benefits package.
• Opportunities for professional development and advancement.
• Supportive and collaborative team environment.
• Regular training on loan recovery techniques.
• Opportunities to contribute to the success of the company.

A Day in the Life: Contacting borrowers, negotiating repayment plans, documenting recovery efforts, and collaborating with other teams to resolve payment issues.