Are you looking for an
employer who promotes individual excellence and mutual respect in a team-driven
culture with a key focus on social empowerment? The Co-operative Bank of Kenya,
“The Kingdom Bank” is the place for those looking to new horizons.
Senior Manager - Credit Management
Job Summary
The jobholder will be expected to provide leadership in Credit Management.
Key Duties and Responsibilities
- Work
closely with the Director – CMD to maintain appropriate credit risk
management culture
- Oversee
analysis of proposals from lending units and ensure the approved credit
facilities comply with the Credit Policy and Lending Manual
- Ensure
credit applications are processed within agreed Service Level Agreements
and all the disbursement processes meet the agreed Service Level
Agreements
- Proper
operation and maintenance of loan accounts and records as well as ensuring
effective monitoring of loans highlighting and managing any notable
deterioration of the portfolio
- Co-ordinate
efforts together with lending units, Internal Audit, Credit Administration
and branches to ensure adherence to the Bank’s Credit Policy and lending
guidelines
- Ensure
that statutory reports are accurately prepared and submitted on time
- Maintain
an up to date and accurate inventory of physical and other collaterals
- Participate
in product development and reviews to ensure that they adhere to policy
and any risks are mitigated
- Will be
expected to play a critical role in the continuous review of the Bank’s
Credit Policy
- Detect
and evaluate shifts or changes in key risk parameters in a business
relationship or industry and evaluate the implications of such changes on
continued business dealings
- Manage
all staff in the department and ensure they are adequately resourced to
perform their roles as well as partner with the various business lines to
ensure a smooth working relationship
- Maintain
and develop professional and technical knowledge by attending and
contributing to training programmes, educational workshops, reviewing
professional publications, establishing personal networks, participating
in professional structures and studies.
Minimum Requirements
- Undergraduate
Degree in Finance, Accounting, Commerce or a related field
- Masters
in Finance or Business will be an added advantage
- Professional
qualification in at least one of the following; CPA, ACCA, ACIB/AKIB, CFA
will be an added advantage
- A
minimum of ten (10) years experience in the credit environment of a busy
commercial Bank and at a senior level for a minimum of five (5) years
- Developed
understanding of lending products, structuring proposals and different
security structures
- Demonstrated
experience in managing a team
Personal Attributes & Skills required in undertaking the role
- Should
be able to support business units in the management of credit
- Good
credit knowledge and awareness as well as business exposure
- Excellent
skills in analysis of credit and financial statements
- Should
be results-oriented, possess the ability to work under pressure and deliver
on time
- Proven
problem solving skills
- Excellent
communication & interpersonal skills
- Advanced
report writing and presentation skills
- Age –
40 years & below
Project Assistant - Mortgage Finance
Job Summary:
Reporting to the Business Development Manager, the jobholder will be required to participate as part of a team in reviewing and supporting the business in processing of construction finance applications and maintenance of relationships with clients during project implementation in line with the banks business objectives.
Main Duties:
The key responsibilities will among others include:
Job Summary:
Reporting to the Business Development Manager, the jobholder will be required to participate as part of a team in reviewing and supporting the business in processing of construction finance applications and maintenance of relationships with clients during project implementation in line with the banks business objectives.
Main Duties:
The key responsibilities will among others include:
- Reviewing
projects in property development suitable for financing, bearing in mind
risk/return parameters set by the bank.
- Monitoring,
in collaboration with the banks business and credit risk units, progress
on project implementation.
- Monitor
the financial and operational performance of projects for early
identification of potential problems as well as initiate timely remedial
actions.
- Handling
of inquiries from prospective clients that sometimes involve preliminary
site visits with the Business Development Teams
- Providing
guidance for purposes of re-packaging construction cases to meet
banks requirements
- Review
of new applications for funding submitted from our branch network
- Initiating
disbursement memos for review by the BDM as per the laid down
policies and procedures
- Review
and feedback into customer satisfaction surveys, responding to customer
Product complaints especially during project implementation.
- Maintain
construction project files ,that relate to customer correspondence, Work
in Progress, Approved credit request and general correspondence
- Conduct
pre-appraisal reviews and communicating the findings to the Business
Development Manager and prospective clients.
- Review
submitted project documentation that includes but not limited to titles,
approved architectural drawings, structural drawings, Nema approvals/
licenses.
- Conduct
initial technical analysis on projects with a view to advice on adequacy
of the proposed costings in line with the current market cost estimates.
- Reviewing
offer letter terms and conditions to ensure they are in tandem with the
envisioned mode of project implementation
- In liaison
with the project implementation teams, design draw down schedules tailored
to project implementation
- Reviewing
submitted interim valuations before initiating disbursement requests.
- Ensuring
the term sand conditions of the offer letter are adhered to during project
implementation cycle
- Holding
meetings with clients/consultants to address issues on proposed
construction projects
- Conducting
periodical site visits to asses projects and holding discussion with
concerned parties
- Undertaking
detailed Appraisal report for review by the Business Development Manager.
- Working
in conjunction with the business units to write supervision reports
that asses critical parameters at implementation stage and address
issues arising out of the outcome of the supervision
- Monitoring
performance of the project portfolio and generating management reports.
- Conduct
post implementation reviews on projects.
- Record
key learning points for dissemination with a view to improving on the bank
processing procedures and risk management.
- Liaise
with Sales teams and participate in training of other staff members on
construction product
Job specification:
The incumbent will be required to possess the following qualifications, attributes and skills:
The incumbent will be required to possess the following qualifications, attributes and skills:
- A
bachelors degree in either Land/Building Economics, Economics, Finance,
Banking or Business Administration and any other relevant qualification.
- A
masters degree in any of the above related disciplines is an added
advantage
- Good
knowledge and experience in project appraisal preferably in a banking
environment
- Computer
literacy is mandatory
- Time
management and personal organisation
- Excellent
communication skills both written and oral
- Strong
analytic and numerical skills for calculation of statistics needed in
performance tracking
- Experienced
in basics of Project management and bank operations
- Good
interpersonal and networking skills
- Report
writing skills
Project Officer - Mortgage
Finance
Job Summary:
Reporting to the Business Development Manager, the jobholder will be required to support delivery of the construction product by offering the relevant technical and administrative support.
Main Duties:
The key responsibilities will among others include:
Job Summary:
Reporting to the Business Development Manager, the jobholder will be required to support delivery of the construction product by offering the relevant technical and administrative support.
Main Duties:
The key responsibilities will among others include:
- Undertaking
technical analysis/reviews on construction projects with a view to ensure
compliance with the entire bank, relevant statutory and legislative
requirements.
- Reviewing
project progress reports with a view to advice management on early
identification of potential problems.
- Ensuring
completeness of project documentation as per approval conditions before
initiating disbursements.
- Liaising
with the various bodies within the built and design industry with a view
to build and update a database for qualified professionals in construction
industry.
- Advising
management of various legislative /statutory changes within the build and
design industry and its impact on the business.
- Reviewing
the profiles of the project implementation team and give advice on the
capability of the appointed team to undertake the proposed development.
- Conducting
technical analysis on projects with a view to advice on adequacy of the
proposed costings in line with the current market cost estimates.
- In
liaison with the project implementation teams, designing draw down
schedules tailored to project implementation.
- Maintaining
system based ticklers for renewal of relevant project documentation such
as performance bonds, contractors all risk insurance cover as well as
designing and maintaining a filing system for project related
documentation
- Maintaining
systems based ticklers on payment of interest during project
implementation and make timely collection of such amounts.
- In
consultation with the BDM attending periodical site progress meetings and
ensuring areas of concern to the bank are properly communicated and
followed up for implementation/response.
- Following
up with the project managers and keeping records of minutes held on the
various projects.
- Liaising
with the project managers and ensuring timely receipt of all site progress
reports as well as liaising with the legal department, ensuring
completeness of the legal documentation.
- Initiating
projects disbursements having ascertained compliance with the loan offer
conditions.
- Monitoring
project implementation schedules and advising the BDM on early problem
signs and recommending remedial actions.
- Assisting
BDM and in preparation of various management reports such as project
compliance reports, portfolio performance, concentration risk reports.
- Participating
in site inspections, review missions, and generating the necessary site
reports.
- Conducting
reconciliations of financial, value of work done, outstanding works and
undisbursed loan funds with a view to stress test bank exposure to the
project/ need for additional funds in form of sponsor support.
- In
liaison with the project managers and marketing agents, receiving sales
reports and conducting quarterly reconciliations of the sales proceeds
applied to the escrow account in order to monitor sales progress &
cash flow financial implications.
- Providing
technical support to the Business Development Team and Credit Analysis
Team in evaluation of construction related applications
- Analyzing
applications from other business unit’s and giving recommendations.
- Recording
key learning points for dissemination with a view of improving on the bank
processing procedures and risk management.
Job specification:
The incumbent will be required to possess the following qualifications, attributes and skills:
The incumbent will be required to possess the following qualifications, attributes and skills:
- A
bachelor’s degree in Construction Management, Land/Building Economics, and
any other relevant qualification.
- At
least 2 years experience in a project management firm within the
construction industry.
- Good
knowledge and experience in project appraisal preferably in a banking
environment
- Computer
literacy is mandatory
- Time
management and personal organisation
- Excellent
communication skills both written and oral
- Strong
analytic and numerical skills for calculation of statistics needed in
performance tracking
- Report
writing skills
- Innovativeness
Application Process
Interested candidates meeting the above criteria should forward an application enclosing detailed Curriculum Vitae accompanied by copies of certificates and indicating the current remuneration to the address shown below or send to jobs@co-opbank.co.ke by 15th October 2012.
Please quote this reference on your application and on the envelope: PO/3/HRD/2012
The Director
Human Resources Division
Co-operative Bank of Kenya Ltd.
P.O. Box 48231-00100
NAIROBI
We are an equal opportunity employer.
NB: Only the short listed candidates will be contacted.
Interested candidates meeting the above criteria should forward an application enclosing detailed Curriculum Vitae accompanied by copies of certificates and indicating the current remuneration to the address shown below or send to jobs@co-opbank.co.ke by 15th October 2012.
Please quote this reference on your application and on the envelope: PO/3/HRD/2012
The Director
Human Resources Division
Co-operative Bank of Kenya Ltd.
P.O. Box 48231-00100
NAIROBI
We are an equal opportunity employer.
NB: Only the short listed candidates will be contacted.