COLLATERAL MANAGER AT SYCAMORE-NG | COLLATERAL MANAGER JOBS IN LAGOS

About Company:

Sycamore-ng is a Financial and Technology (Fintech) services company, that operates a financial marketplace for lenders and borrowers. With a team of skilled professionals and cutting-edge technology, we are well suited to cater for both businesses and individuals who need loans (borrowers), or want to make returns (lenders) on our marketplace.

Job Description:

Collateral Management:

• Manage and maintain accurate records of all collateral assets.
• Ensure proper documentation, verification, and safe custody of collateral files.
• Conduct periodic inspections and audits of collateral assets.
• Monitor the condition and status of collateral assets regularly.
• Maintain an updated collateral database and reporting system.

Vehicle Valuation & Risk Assessment:

• Conduct vehicle valuation exercises for collateralized vehicles.
• Develop and maintain a comprehensive tripartite vehicle valuation.
• Carry out collateral risk assessments and recommend mitigation measures.
• Ensure valuations reflect current market realities and risk exposure.

Vehicle Tracking & Downtime Monitoring:

• Implement and manage a robust vehicle tracking system.
• Continuously monitor all tracked collateral vehicles.
• Identify and escalate downtime or offline tracking incidents promptly.
• Ensure notifications are sent to relevant stakeholders for immediate action.
• Liaise with tracking vendors to resolve tracking-related issues.

Document Expiration Monitoring:

• Monitor expiration dates for vehicle licenses, insurance documents, roadworthiness certificates, proof of ownership and other regulatory documents.
• Maintain an alert and reminder system for renewals.
• Notify collateral owners and relevant stakeholders ahead of expiration dates.

Monitoring of Parked Collateral:

• Monitor all parked collateral vehicles daily.
• Implement routine maintenance checks including oil checks, tyre inspections. battery checks, engine checks.
• Schedule regular inspections for parked vehicles.
• Ensure collateral vehicles remain in good and recoverable condition.

Storage Fee Management:

• Maintain daily storage fee logs for all collateral vehicles.
• Track parking duration, daily charges, and outstanding fees.
• Reconcile and review storage expenses periodically.
• Prepare reports relating to storage costs and utilization.

Collateral Liquidation & Disposal:

• Coordinate collateral repossession and recovery processes.
• Manage collateral liquidation, auction, and disposal activities.
• Liaise with legal teams, auctioneers, and recovery agents during disposal processes.
• Ensure all liquidation activities comply with company policies and regulatory requirements.
• Prepare liquidation and recovery reports for management review.
• Maximize recovery value while minimizing losses and operational costs.

Reporting & Compliance:

• Prepare periodic collateral management reports.
• Ensure compliance with internal policies and regulatory requirements.
• Identify process gaps and recommend improvements.
• Support audit exercises relating to collateral management.

Stakeholder Management:

• Collaborate with Risk, Legal, Collections, Finance, and Operations teams.
• Manage relationships with tracking firms, storage facilities, valuation agents, and auctioneers.

Other Responsibilities:

• Perform every other responsibility assigned by management.

Requirements:

• Bachelor’s Degree in Finance, Business Administration, Risk Management, Logistics, Operations Management, or related field.
• 3–5 years relevant experience in collateral management, recovery operations, fleet management, or risk operations.
• Experience within a fintech, microfinance bank, financial institution, or asset financing company is an added advantage.
• Strong knowledge of collateral and asset management processes.
• Good understanding of vehicle valuation and recovery processes.
• Strong analytical and risk assessment skills.
• Excellent attention to detail and organizational abilities.
• Strong reporting and documentation skills.
• Proficiency in Microsoft Office Suite, especially Excel.
• Strong communication and stakeholder management skills.
• Ability to work in a fast-paced and performance-driven environment.

Salary

Application Closing Date: 28th May, 2026

Application Instructions:

Candidates should send their CV to: hc-recruitment@sycamore.ng using the job title as the subject of the mail.