K-Unity is a
well-established Sacco Licensed by SASRA as a deposit taking Sacco with
operations throughout Kiambu County and a branch in Nakuru County.
We offer credit
services and solutions to Agribusinesses, Organized Groups, SMEs, Individual
Businesses and Employees both in Public and Private sector.
Job Summary: The Job holder will be responsible for reviewing non-performing assets book and developing appropriate strategies to ensure timely recovery of amounts due, with minimum loss exposure.
Periodically reviewing
securities held against NPAs in order to identify possible gaps and institute
measures necessary to rectify these, so as to safeguard the K-Unity interest.
Bringing overall Debt recovery knowledge and overall structuring of the department
Key Tasks and Responsibilities:
The Incumbent will
report to the Chief Executive Officer and will be responsible for:
- Meeting
set Collections and Recoveries targets.
- Providing
appropriate inputs at Board and Management Committees’ level to ensure
appropriate measures are taken to rectify any identified gaps in the
lending process.
- Based
on overall assessment of the NPA book and debt recovery success rate,
critically reviewing all non-performing facilities and development of
appropriate strategies to ensure K-Unity recovers the amounts due in an
efficient and cost effective manner.
- On a
case by case basis, assessing K-Unity positioning and its ability to
recover the amounts due without forced realization of securities held as
far as possible.This includes detailed negotiations with the
defaulting clients for facilities re-structure, where possible, in order
to maintain customer goodwill.
- Where
realization of securities held is inevitable, ensuring the process is
handled procedurally in order to avoid delay through intermittent
ligation. Similarly ensuring the defaulting client’s rights are respected
in order to avoid potential risk exposure to K-Unity through litigation or
adverse publicity.
- Undertaking
periodic review of securities held against all non-performing facilities
in order to ensure these are perfected and that no dilution happens during
the debt recovery period.
- Planning
and closely coordinating the debt recovery process with various
stakeholders, including Lawyers, Valuers and Auctioneers amongst others,
in order to avoid undue delay and recovery costs escalation.
- For
cases in court, ensuring the relevant evidence in support of K-Unity case
is properly documented and shared with the key stakeholders in good time,
ahead of court appearances. Representing K-Unity as a witness as and when
required.
- Where
K-Unity is represented in court by other witnesses, ensuring these
witnesses are well prepared with factual information and absolute clarity
on the background of each case.
- Providing
periodic reports to Management and respective Board Committee’s on the
Recovery Status of each non-performing facility, with clear
recommendations on the way forward or closure.
- To
ensure provisions held against bad & doubtful debts are adequate and
¡n compliance with the required guidelines.
- To
undertake other tasks as agreed with the Chief Executive.This is not a
complete statement of all duties and responsibilities of this post. The
jobholder may be required to carry out other duties as directed by the
Chief Executive, the responsibility level of which should not exceed those
outlined above.
Qualifications and Competencies
- A
Bachelors degree in Finance,Accounting, Banking or other related subject.
- Professional
qualifications in CPA will be an added advantage.
- Masters
in a business related field such as Strategic Management, Economics,
Finance, and Operations etc will be an added advantage.
- Holder
of certificate in credit management will have an added advantage.
- 6 years
relevant working experience in debt recovery in a Bank or Financial
Institution.
- At
least 4 years should be at managerial level.
- Knowledge
of debt recovery and realization process
- Strong
analytical skills.
- Excellent
negotiation skills.
- Effective
communicator - both verbally and in writing.
- Strong
interpersonal skills.
- Focused
and self-driven
- Attentive
to detail.
How to Apply
Interested candidates
should send their applications and a detailed CV, stating their current salary
and expected salary by post to:
The Chief Executive Officer,
P.O. Box 268-00900,
Kiambu
eMails can be send to info@unityfinance.co.ke
Applications should be received on or before 21 October 2014 at 5:00 PM.