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Loan Recovery Officer Lagos 2026 positions are now open at Retrust Microfinance Bank, offering an exciting opportunity for professionals experienced in collections, credit management, and field recovery operations. This role focuses on managing delinquent loan accounts, implementing recovery strategies, and ensuring timely repayment to minimize non-performing loans.
Retrust Microfinance Bank is a fast-growing microfinance bank under Zylus Group International. Launched in October 2024, the bank achieved a ₦8.9 billion balance sheet within six months, highlighting its rapid growth and effective microfinance solutions.
Loan Recovery Officer Lagos 2026 Overview
The Loan Recovery Officer Lagos 2026 role is tailored for professionals skilled in negotiation, collections, and credit administration. The position emphasizes maintaining professionalism while enforcing repayment schedules and supporting financial stability for the bank.
Job Location and Employment Type
- Location: Ikeja
- Employment Type: Full-time
Application Deadline
- 26th April, 2026
Role Objective
The Loan Recovery Officer Lagos 2026 is responsible for:
- Managing delinquent loan accounts effectively
- Ensuring timely recovery of outstanding loans
- Minimizing non-performing loans (NPLs) through structured strategies
- Maintaining compliance with internal and regulatory guidelines
Key Responsibilities of Loan Recovery Officer Lagos 2026
Professionals applying for Loan Recovery Officer Lagos 2026 will handle multiple critical functions to maintain the health of the loan portfolio.
Overdue Loan Follow-up
- Monitor overdue accounts and ensure timely repayment
- Contact borrowers using structured methods
- Escalate high-risk accounts to management
Recovery Strategy Implementation
- Develop structured recovery plans for delinquent and non-performing loans
- Recommend repayment terms based on borrower financial capacity
- Suggest accounts for legal action when necessary
Field Visits and Verification
- Conduct on-site visits to assess repayment ability
- Verify borrower information and documentation
- Maintain professionalism during field engagements
Record Keeping and Reporting
- Maintain accurate records of recovery activities
- Track customer interactions and repayment progress
- Provide updates and reports to management
Compliance and Risk Management
- Ensure adherence to internal policies and regulatory standards
- Identify potential risks in loan recovery processes
- Support risk mitigation strategies for delinquent accounts
Qualifications and Requirements
To qualify for the Loan Recovery Officer Lagos 2026 position, candidates must meet the following criteria.
Educational Requirements
- Minimum of OND, HND, or Bachelor’s Degree in Finance, Business Administration, Economics, or related fields
Work Experience
- 2–5 years in loan recovery, collections, or credit administration
- Experience in microfinance or lending institutions is highly preferred
- Proven track record of successful delinquency management
Core Competencies
- Strong negotiation and persuasion skills
- Ability to handle difficult customers professionally
- Result-driven with target achievement focus
- Excellent analytical and problem-solving skills
- High level of integrity and ethical conduct
Skills and Competencies for Loan Recovery Officer Lagos 2026
Communication and Negotiation
- Effective verbal and written communication
- Ability to persuade and negotiate repayment plans
- Maintain professionalism during challenging interactions
Analytical Skills
- Ability to review accounts and identify delinquency trends
- Evaluate repayment capacity and risk exposure
- Make data-driven decisions for recovery strategies
Organization and Target Management
- Plan recovery activities efficiently
- Meet repayment and collection targets
- Maintain detailed and accurate documentation
Work Environment and Expectations
The Loan Recovery Officer Lagos 2026 role operates within a professional banking environment where integrity, compliance, and results are essential.
Nature of the Role
- Office-based and field visits
- Interaction with borrowers and internal teams
- Handling sensitive financial information
Performance Expectations
- Reduce non-performing loans through effective recovery strategies
- Maintain accurate and timely reporting
- Uphold bank policies and ethical standards
Salary and Benefits
Compensation
- Competitive and negotiable
Additional Benefits
- Work within a rapidly growing microfinance institution
- Exposure to loan portfolio management and credit operations
- Career growth opportunities in financial services
How to Apply for Loan Recovery Officer Lagos 2026
Application Process
Send your CV to:
- Email: careers@retrustmfb.com
- Subject Line: Application for Loan Recovery Officer
Important Notes
- Only shortlisted candidates will be contacted
- Retrust Microfinance Bank does not charge any recruitment fees
- Equal opportunity employer
Industry Insight: Loan Recovery Roles in Lagos
Growing Demand for Loan Recovery Officers
- Increasing microfinance operations
- Rising need for credit monitoring and NPL management
- Importance of structured repayment processes
Importance of Professional Collections
- Protects bank assets
- Maintains financial stability
- Enhances customer repayment compliance
Career Growth Opportunities
- Senior Credit Officer roles
- Portfolio Manager positions
- Risk and Compliance Officer pathways
FAQ Section
What is the deadline for Loan Recovery Officer Lagos 2026?
The application closes on 26th April, 2026.
What qualifications are needed for Loan Recovery Officer Lagos 2026?
OND, HND, or Bachelor’s Degree in Finance, Business Administration, Economics, or related fields is required.
How much experience is required for Loan Recovery Officer Lagos 2026?
Candidates need 2–5 years of experience in loan recovery, collections, or credit administration.
Where is the Loan Recovery Officer Lagos 2026 role located?
The role is based in Ikeja, Lagos, Nigeria.
Conclusion
The Loan Recovery Officer Lagos 2026 position at Retrust Microfinance Bank offers an opportunity for professionals to advance in the microfinance sector while managing delinquent loan accounts and ensuring repayment compliance. With responsibilities spanning negotiation, field recovery, and reporting, the role is ideal for results-driven candidates seeking growth in financial services.
How to Apply
Interested and qualified candidates should send their CV to: careers@retrustmfb.com using “Application for Loan Recovery Officer” as the subject of the mail.
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