Collection Monitoring Officer Vacancy, Stanbic IBTC, Lagos, Nigeria

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Collection Monitoring Officer Vacancy, Stanbic IBTC, Lagos, Nigeria
Location: All Nigeria
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The Job : Collection Monitoring Officer, Stanbic IBTC
Job Status: Full Time Job,
Remuneration: Attractive,
Location: Lagos, Nigeria.

• Undertake daily monitoring of assigned key distributors’ accounts for transactions flows and activities.
• Undertake a comprehensive stock count and other activities of customers, related to CMU in line with approved sanction and various distributorship schemes
• Track collection from the key distributors under the scheme to avoid any possible diversion of sales proceeds.
• Undertake accounts performance review in relation to the credit turnover, stock coverage etc. covenants of the facility and ensure strict adherence.
• Escalate potential defaults (i.e inappropriate payment, failure to meet turnover covenants etc).
• Confirmation of LPOs, Invoices, Payment domiciliation letters and other documents prior to disbursement on facilities within the acceptable time
• Prepare monthly transaction status report to Management
• Ensure the funding limit availed to key distributors are not exceeded
• Preparation of relevant reports as required• Regular stock taking at key distributors’ warehouses/stores
• Provide timely report to management for effective decision making.
• Timely confirmation of LPOs, Invoices and other documents within the agreed TAT.
• Provide effective support to stake holders in the scheme.
Qualification• Negotiating skills
• Computer literacy (MS Excel, MS Word, MS Powerpoint)
• Strong analytical/Numerate Skills
• Good understanding of Credits, Banking Operations, Products and Services
• Good grasp of the Nigerian Economy and Financial Markets.Experience• Experience in Managing Credit relationship.
• Credit Administration.
• Knowledge stock taking and valuation methods

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