Summary
Overview
Work History
Education
Skills
Certification
Timeline
Generic

Adeolu Faramade Akinola

Lagos,Niger State

Summary

Resourceful Recovery Officer with knack for resolving complex financial issues and driving positive outcomes. Skilled in negotiating payment plans and reducing delinquent accounts, leading to improved cash flow and customer satisfaction. Known for fostering collaborative relationships, ensuring smooth operations and high recovery rates.

Overview

15
15
years of professional experience
9
9
years of post-secondary education
1
1
Certification

Work History

Collection/Recovery Officer

Union Bank of Nigeria Plc, Lagos
Lagos, Nigeria
04.2019 - Current
  • Performed targeted collections on past due accounts aged over specific days.
  • Prevented impending loss and increased profitability by enforcing scheduled collection campaigns, consistently achieving targeted recovery rate.
  • Identified, researched and resolved billing variances to maintain system accuracy and currency.
  • Corrected any data entry error to prevent later issues such as duplication or data degradation.
  • Coordinated statistical data analysis, design, and information flow.
  • Produced monthly reports using advanced Excel spreadsheet functions.
  • Evaluated consistency and importance of different business intelligence data against needs to determine optimal courses of action.
  • Investigated cases, identified issues and negotiated payment arrangements effectively.
  • Improved customer satisfaction with sensitive handling of difficult situations.
  • Achieved high rate of successful recoveries with effective negotiation skills.
  • Reduced default portfolio by managing debt recovery strategies.

Team Lead; Quality Assurance RLF

Union Bank of Nigeria Plc, Lagos, Nigeria
Lagos, Nigeria
04.2011 - 03.2019
  • Improved team productivity by implementing efficient workflow strategies.

• Ensure standard procedures are followed prior to credit approval and disbursement.

• Ensure all necessary charges, rates and interests are charged on all credit facilities

• Development of Retail Product papers (Track records with Union Bank)

• Discovery of fraudulent transaction before and after creditapproval

• Ensure proper perfection of credit documentation on or beforeapproval

• Proper understanding of credit extension and deferral ofdocuments for perfection.

Indebt knowledge of Nigeria Small and medium Enterprises like School Finance, Invoice Discounting Local Purchase Order (LPO) and Cash Follow credit facilities.

Loan and Investment Officer

PD Synergy Option LTD, Lagos, Nigeria
Lagos, Nigeria
03.2010 - 03.2011

• Reviewing of requests relating to Hire Purchase and Leasing of Assets

i.e. Motor Vehicle, Machinery, and House Hold Products etc.

• Advisory Services to Customers on mode of Repayment of Loans

• Maintenance of Assets Register

• Follow up on repayment/recovery of loans/Assets on defaulting customers.

  • Training & supervision of team members

Education

Bachelor of Business Administration - Business Administration

University of Lagos, Akoka
01.2013 - 11.2015

Higher National Diploma - Banking and Finance

Osun State Polytechnic
Iree, Osun, Nigeria
01.2006 - 12.2008

Diploma of Higher Education - Banking and Finance

Osun State Polytechnic
Iree, Osun, Nigeria
01.2002 - 12.2004

Skills



  • Repossession procedures knowledge
  • Collection strategies
  • Basic accounting knowledge
  • Debt negotiation
  • Debt collection techniques
  • Professionalism
  • Legal compliance
  • MS Office Suite
  • Computer proficiency
  • Microsoft Excel
  • Attention to Detail

Certification

Nigeria Institute of Management (Graduate Member)

Timeline

Collection/Recovery Officer

Union Bank of Nigeria Plc, Lagos
04.2019 - Current

Bachelor of Business Administration - Business Administration

University of Lagos, Akoka
01.2013 - 11.2015

Team Lead; Quality Assurance RLF

Union Bank of Nigeria Plc, Lagos, Nigeria
04.2011 - 03.2019

Loan and Investment Officer

PD Synergy Option LTD, Lagos, Nigeria
03.2010 - 03.2011

Higher National Diploma - Banking and Finance

Osun State Polytechnic
01.2006 - 12.2008

Diploma of Higher Education - Banking and Finance

Osun State Polytechnic
01.2002 - 12.2004

Nigeria Institute of Management (Graduate Member)

Adeolu Faramade Akinola