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Head, Loan Monitoring
Job Location:
Monthly Salary:
Not provided by the employer
Monthly Salary:
Experience Required:
5years
Experience Required:
Posted:
7 July 2026 (30+ days ago)
Posted:
Application Deadline:
4 October 2026
Application Deadline:
Vacancies:
1 Vacancy
Vacancies:
Job Summary
Our client is a leading Microfinance Bank in Nigeria providing micro-banking services to individuals and SMEs.
Job Summary
The Head Loan Monitoring is responsible for leading the Banks post-disbursement loan monitoring function to ensure that all credit facilities are utilized for approved purposes repayments are made in accordance with agreed schedules portfolio quality is maintained and emerging credit risks are promptly identified and managed.
Key Responsibilities
- Develop and implement the Banks loan monitoring framework policies and procedures.
- Supervise the monitoring of all disbursed credit facilities from disbursement until full repayment.
- Ensure post-disbursement verification visits are conducted to confirm proper utilization of loan proceeds.
- Monitor repayment trends and identify early warning indicators of potential loan
- defaults.
- Ensure prompt follow-up on overdue accounts and coordinate appropriate recovery actions.
- Review portfolio quality reports and recommend strategies for reducing portfolio at risk (PAR).
- Conduct periodic reviews of loan covenants collateral adequacy and customer compliance with approved loan conditions.
- Prepare comprehensive portfolio monitoring reports for Executive Management and the Board Credit Committee.
- Collaborate with Credit Management Recovery and Legal Services to resolve delinquent loan accounts.
- Monitor sectoral geographic and product concentration risks within the loan portfolio.
- Recommend restructuring rescheduling or other remedial actions for distressed facilities where appropriate.
Requirements
- Bachelors degree in Banking & Finance Accounting Economics Business Administration or related field.
- Professional certification such as ACIB ACA ACCA ICAN ANAN or related qualification.
- Minimum of 10 years experience in credit administration loan monitoring recovery or risk management within a financial institution.
- Minimum of 5 years in a supervisory or managerial role.
- Strong knowledge of lending operations and portfolio management.
- Knowledge of regulatory requirements governing lending activities.
- Proficiency in Microsoft Office Suite and core banking applications.
