Legal Officer / Recovery Manager

Legal Officer / Recovery Manager

Elizabeth Maddeux Limited is seeking a highly skilled and experienced Legal Officer / Recovery Manager to lead our legal affairs and spearhead the recovery of delinquent and non-performing loan portfolios. This pivotal role ensures robust legal compliance, mitigates credit losses, safeguards the institution's financial interests through expert legal advisory, diligent litigation management, and strategic debt recovery efforts.

Key Responsibilities:

Loan Recovery & Credit Risk Management:

Develop, implement, and refine effective strategies for the recovery of overdue and non-performing accounts.

Proactively manage and monitor delinquent loan portfolios to achieve timely resolution and minimize credit losses.

Lead negotiations for settlements, restructuring arrangements, and viable repayment plans with debtors.

Initiate and oversee collateral realization and enforcement proceedings in accordance with legal frameworks.

Track and report on recovery performance against established targets, providing actionable insights.

Collaborate closely with credit and risk management teams to reduce Non-Performing Loan (NPL) ratios effectively.

Legal & Regulatory Compliance:

Ensure all credit documentation, loan agreements, and recovery processes strictly comply with applicable laws, regulatory frameworks (including Central Bank of Nigeria guidelines), and internal credit policies.

Act as the primary liaison with external solicitors, law enforcement agencies, and regulatory authorities on legal and recovery matters.

Manage end-to-end litigation processes, including drafting court filings, overseeing case follow-ups, and coordinating legal representation.

Conduct thorough legal due diligence on collateral documentation and loan agreements to mitigate risks.

Legal Advisory & Documentation:

Draft, review, and negotiate a wide range of contracts, loan agreements, and other critical legal instruments.

Provide timely and accurate legal opinions and advisory support to management and various operational departments.

Conduct comprehensive legal research to inform business transactions, strategic decisions, and corporate governance.

Ensure ongoing corporate compliance with all statutory and regulatory obligations.