Head of Recovery

Who we are Moniepoint Inc. is Africa’s all-in-one financial platform, helping 20 million businesses and individuals access seamless payments, banking, credit, cross-border, and business management tools each month. As Nigeria’s largest merchant acquirer, we power most of the country’s point-of-sale (POS) transactions. Through our subsidiaries, Moniepoint Inc. processes over $250 billion in digital payment transaction value annually. About the role The Head of Recovery is a strategic leadership role responsible for architecting and executing Moniepoint’s debt recovery framework. As a qualified legal professional, you will ensure minimal credit losses by optimizing the recovery unit’s efficiency through a blend of rigorous legal strategy and operational excellence. In this capacity, you will develop and implement comprehensive recovery strategies, design the organizational structure of the recovery unit, and recruit high-caliber talent. Your deep legal expertise in debt litigation and asset recovery will be vital in navigating complex delinquency cases. You will leverage a data-driven approach to evaluate the efficacy of recovery tactics and personnel performance. What you’ll get to do • Develop and execute recovery strategies to reduce non-performing loans and bad debt provisions. • Act as the primary legal strategist for the recovery department, ensuring all actions comply with financial regulations and debt collection laws. • Manage high-level engagements with external stakeholders, including law enforcement agencies, regulatory bodies, and external counsel, to expedite the resolution of non-performing loans (NPLs). • Design the recovery organisation and supervise the hiring process for recovery talent • Optimise the effectiveness of the recovery team by setting clear objectives and key performance indicators (KPIs). • Continuously provide training to the recovery network in alignment with established recovery strategies and industry best practices. • Report on recovery performance and provide insights to senior management. • Collaborate with internal departments such as credit, legal, risk, and finance to align recovery efforts. Qualifications • Bachelor’s degree in Law (LLB) • Minimum 7 years of experience in debt recovery/litigation in Nigeria • Strong knowledge of debt recovery laws, banking regulations, and court procedures in Nigeria. • At least 7 years of experience in credit recovery • Strong network of legal and law enforcement contacts across the country • Proven experience in leading a recovery team and managing high-value non-performing loans • Proven experience in handling recovery in each of the 6 geo-political zones in Nigeria • Excellent negotiation, problem-solving, and decision-making skills. • Strong analytical skills and ability to interpret financial data Relevant Skills • Loan Recovery • Credit risk management • Data analytics and statistics • Negotiation and Conflict Resolution • People Management • Performance Management • Training and People Development What we can offer you • Culture -We put our people first and prioritize the well-being of every team member. We’ve built a company where all opinions carry weight and where all voices are heard. We value and respect each other and always look out for one another. Above all, we are human. • Learning - We have a learning and development-focused environment with an emphasis on knowledge sharing, training, and regular internal technical talks. • Compensation - You’ll receive an attractive salary, pension, health insurance, annual bonus, plus other benefits. What to expect in the hiring process • A preliminary phone call with the recruiter • An interview with one of our credit business leads • A behavioral and technical interview with a member of the Executive team. Moniepoint is an equal opportunity employer. We celebrate diversity and are committed to creating an inclusive environment for all employees and candidates.