LOANS RECOVERY OFFICER (LRO)

Ensures and maintains a quality loan portfolio.

Reports to: Loans Officer

Supervises: None

1. Loan Monitoring – Current Accounts

• Monitors loans, including delinquent accounts (1-30 days).
• Prepares reports: Installment Due, Collection, Loan Receivable Aging Analysis (1-30 days), Loan Status, and Restructured Loans (current).
• Issues reminder letters/calls and coordinates with field collectors to facilitate collection.
• Conducts client visits as needed.

2. Loan Monitoring – Delinquent Accounts

• Tracks accounts overdue by 31+ days.
• Prepares reports: Loan Receivable Aging (31+ days), Installment Due, Loan Status, Litigation Cases, Charge-offs, and Restructured Loans (delinquent).
• Issues collection letters/calls and coordinates collection strategies with field collectors.
• Conducts client visits as needed.

3. Small Claims Filing

• Identifies, prepares, and files small claims cases.
• Represents the cooperative in court hearings and related proceedings.

4. Report Submission

• Provides required reports to the Loans Officer, General/Branch Manager, and Board of Directors.

5. Special Monitoring Reports

• Tracks DOSRI accounts, restructured loans, write-offs, lump sum accounts, and loans in litigation.

6. Other Duties

• Performs additional tasks as assigned.

• Willing to be assigned to other branches within the area of operations.
• No experience required