Legal Officer / Recovery Manager at Elizabeth Maddeux

Job Summary

The Legal Officer / Recovery Manager is responsible for overseeing the organization's legal affairs and managing the recovery of delinquent and non-performing loan portfolios. The role ensures strict compliance with applicable laws, regulatory requirements, and internal credit policies while minimizing credit losses and safeguarding the institution's legal and financial interests. This position plays a critical role in enforcing loan agreements, managing litigation processes, supporting credit risk management, and providing legal advisory services across the organization.

Key Responsibilities

Loan Recovery & Credit Risk Management

• Develop and implement effective recovery strategies for overdue and non-performing accounts
• Manage and monitor delinquent loan portfolios to ensure timely resolution
• Negotiate settlements, restructuring arrangements, and repayment plans
• Initiate and oversee collateral realization and enforcement proceedings
• Track recovery performance against agreed targets and prepare periodic recovery reports
• Work closely with credit and risk teams to reduce non-performing loan (NPL) ratios

Legal & Regulatory Compliance

• Ensure all credit documentation and recovery processes comply with applicable laws, regulatory frameworks, and internal policies
• Maintain compliance with Central Bank of Nigeria guidelines and other statutory requirements
• Liaise with external solicitors, law enforcement agencies, and regulatory authorities
• Manage litigation processes, including court filings, case follow-ups, and legal representation coordination
• Conduct legal due diligence on collateral documentation and loan agreements

Legal Advisory & Documentation

• Draft, review, and negotiate contracts, loan agreements, and other legal instruments
• Provide legal opinions and advisory support to management and operational departments