Legal Repossession Manager

Job title: Legal Repossession Manager

Company: FairMoney

Job description: FairMoney is a pioneering mobile banking institution specializing in extending credit to emerging markets. Established in 2017, the company currently operates primarily within Nigeria, and it has secured nearly €50 million in funding from renowned global investors, including Tiger Global, DST, and Flourish Ventures.
In alignment with its vision, FairMoney is actively constructing the foremost mobile banking platform and point-of-sale (POS) solution tailored for emerging markets. The journey began with the introduction of a digital microcredit application exclusively available on Android and iOS devices. Today, FairMoney has significantly expanded its range of services, encompassing a comprehensive suite of financial products, such as current accounts, savings accounts, debit cards, and state-of-the-art POS solutions designed to meet the needs of both merchants and agents.FairMoney thrives on its diverse workforce, bringing together talent from over 27 nationalities. This multicultural team drives the company’s mission of reshaping financial services for underserved communities.To gain deeper insights into FairMoney’s pivotal role in reshaping Africa’s financial landscape, we invite you to watch informativeThe Legal Repossession Manager is a multifaceted role responsible for managing and minimizing credit losses by ensuring effective vendor and litigation monitoring, as well as overseeing the efficient management of the Bank’s repossession process and assets. Additionally, it involves providing support on legal matters, assisting repossession officers, and managing vendors.Key Responsibilities:

• Evaluate delinquent accounts and recommend effective legal recovery actions or strategies.
• Maintain and update litigation portfolio records, including the release of legal documents.
• Obtain approvals and release original title documents to successful buyers of assets or properties.
• Provide clear guidance to ensure that properties and assets listed for sale are under the Bank’s absolute authority to sell, free of any encumbrances.
• Conduct physical inspections and ensure complete documentation of properties and assets newly proposed for sale prior to upload.
• Review reports from Debt Recovery Agents and provide necessary feedback or responses.
• Oversee effective and efficient repossession and disposal processes, ensuring the availability of secured storage facilities and realizing any attributable security.
• Operate within delegated authority levels, ensuring sufficient mandates to perform daily operations.
• Manage recoveries related to the write-off portfolio.
• Address and resolve customer queries efficiently.

Requirements

• First Degree in law
• Relevant professional certifications on Risk and Collections is a plus
• Proven experience in field collections, recovery processes, repossessions
• Strong analytical skills with the ability to assess complex risks and develop effective mitigation strategies across multiple risk types
• Excellent communication and interpersonal skills with the ability to collaborate effectively with cross-functional teams and interact with stakeholders at all levels.
• Proficiency in data analytics

Benefits

• Private Health Insurance
• Performance Bonus
• Pension Plan
• Training & Development

Recruitment Process:

• A screening call with a member of the recruitment team for 30 minutes.
• Technical Interview with key stakeholders
• Final interview with the hiring manager

Expected salary:

Location: Nigeria

Job date: Thu, 08 May 2025 22:54:31 GMT