Grow your Career with Us
Faulu Microfinance Bank, a subsidiary
of the Old Mutual Group is one of Kenya’s fastest growing banks with a network
of over 80 outlets and over 900 employees.
Over the years, the bank has
developed a wide portfolio of transactional, savings, credit and micro
insurance solutions to meet changing customer needs.
Our vision is to give Kenyans hope
and a future, by listening and empowering them with relevant financial
solutions.
In line with business demands driven by our rapid growth, we are looking for qualified, highly competent, talented and results driven individuals to fill the following key business growth and revenue generation position.
Debt Recovery Manager
Job Ref: HR: 69/06/2015
Job Summary: Working closely with the Head of Credit, he /she
will ensure compliance with internal credit policies and procedures, best
practices and CBK prudential guidelines to facilitate management of credit
risks within tolerable levels.
The Job holder will execute the
institution’s strategy in reducing the NPA portfolio as per laid out guidelines
in the institution’s credit policy.
He/ She will ensure that ALL approved
and disbursed loans are fully repaid as stipulated in the terms and conditions
to prevent loss to the institution due to non-repayments.
Key Responsibilities
- Project relevant trends that affect the
collectibles of the portfolio and isolate potential problem areas
- Monitor loan repayments globally and
initiate/recommend course of action
- Instruct and follow up with external service
providers on NPA matters i.e. debt collectors, auctioneers etc.
- Extract, confirm and transmit CRB information
to licensed Credit Reference Bureau
- Conduct client visits (on a need basis) and
make telephone calls to follow up on payments from NPA debtors
- Report on NPAs (Write offs, Collections,
Security Cover etc.) on a regular predetermined basis and provide
information for CBK reporting
- Ensure one day arrears management for all
disbursed loans is fully executed
- Ensure a record is maintained to track
recovery progress for all loans in arrears
- Ensure weekly arrears and reports are prepared
for all the branches and follow with them to ensure full repayment
- Ensure demand letters are prepared and ensure
that they are forwarded to the defaulting customers
- Ensure reports are prepared and
recommendations made on bad debts to be written-off to the management for
approval
- Ensure an up to date register on loan related
insurance claims is maintained and ensure prompt reimbursement from
underwriters
- Monitor debt collection response cycles and
contacts as well as credit control performance
- Manage resource scheduling and the
determination of priority of work and procedures to maximize production
output and success levels.
- Report and monitor all risks associated with
debt recovery
- Generate compliance reports for use in
decision making and performance appraisals
- Do any other duties that may be assigned by
the Management
Requirements:
- He or she should be a holder University Degree
in Business studies.
- 5 years’ experience in credit and debt
recovery
- Knowledge in credit management and banking is
an obvious advantage
- Knowledge on Law relating to banking
- Practical experience in lending and recovery
- Speed and accuracy
Personal Attributes:
- Capacity and willingness to work for long
hours and within strict deadlines
- Excellent interpersonal skills
- High degree of confidentiality
- Analytical mind
- Knowledgeable on the Financial services sector
- Assertive, honest, highly organized, creative
and innovative
Position: Head of Small & Medium Enterprise (SME) Banking
Job Ref: HR: 71/09/2015
1 Post
Job Summary: Reporting to the General Manager - Business Development, the job holder will be responsible for business development & growth of the Small & Medium Enterprises (SME) portfolio by working closely with Senior Management, Leadership team, Branch Management teams, Credit and other stakeholders in the Bank.
Responsibilities
- Implement of the SME business strategy in line
with the Bank’s overall strategy and business growth plan
- Work closely with stakeholders in Senior
Management, Leadership team, Branch Management teams and Credit to
increase market share of the SME segment in terms of customer numbers,
products and service consumption and revenues while proactively reducing
the non-performing loan book
- Drive sales through effective leadership,
guidance and performance management process within the branch network and
relationships
- Working directly with Branches and SME
officers to drive account utilization and hence cheap and stable deposits
- Drive transactional income from SME clients
through effective customer service and cross selling the entire range of
banking and bancassurance products and services
- Identify and capitalize on new market
opportunities to expand presence, competitiveness and profitability by
proactively selling products and services
- Improve the business environment and raising
the profile for the SME business segment in the Bank
- Establish profitable banking relationships
with SME clients by providing high quality banking and other financial
services to SMEs where the Bank operates
- Advise the Bank on SME market analysis and
segmentation with regards to SME financial products, SME credit Risk
evaluation processes, loan monitoring, collections and debt recovery
procedures
- In liaison with other stakeholders, ensure
quality portfolio by effective identification of risks and their
mitigations
- Represent the Bank and business unit in
forums, meetings and fast track the implementation of the relevant agreed
action points
- Conduct any other duties that may be assigned
by the supervisor
Qualifications and Experience
- A degree in a business related field i.e.
Bachelor of Commerce, Business Studies, Economics or Banking/Finance
- Formal training in lending/Relationship
management
- At least 7 years of managerial experience with
proven track record for delivery of superior results
- Experience in relationship management
- SME Credit analysis skills
- Excellent sales/marketing, excellent
presentation, communication, negotiation, customer service and
relationship management skills
- Demonstrated leadership skills
- Ability to accurately plan work assignments,
prioritize tasks and deliver deadlines
- Excellent analytical and problem solving
skills
- Flexible – ability to travel across the
country frequently
Head of Treasury
Job Ref: HR: 72/09/2015
Job Summary: Reporting to the General Manager, Finance, and the
Head of Treasury will provide efficient and effective delivery of the full
range of treasury products and effectively lead the Assets Liability Management
(ALM) to achieve the desired business growth and profitability targets.
Responsibilities
- Develop and execute strategies for investment
of surplus funds in treasury bills, bonds and other money market
instruments
- Manage the dealing activity end to end so as
to ensure that all the bank’s interests are protected at all times and
financial targets are met
- Ensure that the bank meets all external and
internal liquidity requirements and that proper contingency plans are in
place to address excess and deficient liquidity incidences in line with
the Bank policy and procedures
- Develop innovative treasury products that will
enable the bank grow its’ money market and foreign exchange volumes and
revenues
- Actively identify and market clients with
potential to grow revenues from sales of treasury products and services
- Ensure that the bank credit limits with
counterparties are observed at all times
- Build, foster and maintain relationships with
counterparties, lenders and other stakeholders
- Lead and manage the treasury function team and
their performance with the view of ensuring proper positioning and
leveraging of the function’s human resources
- Participate in Management meetings as may be
appropriate including but not limited to ALCO, Products Committee, ExCo
and others
Required Qualifications
- University business degree from a recognized
institution preferably in Economics, Finance, Statistics or Commerce
- A Master’s degree will be an added advantage
- Professional Certification e.g. CPA/ACCA, ACI
(Financial Markets Association)
- Eight years working experience, 3 of which
must have been in a senior role within the treasury function
- Demonstrable skills/know how in dealing,
financial analysis and knowledge of financial markets
- Good working knowledge of dealing systems
- Demonstrate strong leadership and
communication skills
- Proven and demonstrated leadership and general
management skills
- Excellent presentation, communication,
interpersonal, influencing and negotiation skills
- Demonstrate high integrity
Relationship Officer - Small & Medium
Enterprises (SME)
Job Ref: HR: 76/09/2015
Role Size K
10 Posts
Job Summary: Working closely with the Senior Relationship Officer,
the job holder should endeavor to grow a high quality SME client portfolio both
in cheap, Stable deposits and loans and manage all client relationships to
ensure world class customer service and maximum returns.
Key Responsibilities
- Loan underwriting/processing as per laid down
company policies and procedures
- Client Education and Information dissemination
to prospective clients about Faulu.
- Ensuring clients understand Faulu operations
policy with regard to accessing the services and products
- Default management by ensuring on time loan
repayment and follow ups.
- Understanding the underlying causes of default
and taking remedial actions as per credit policy
- Maintenance and Management of Small and Medium
Enterprise (SME) Networks
- Portfolio growth and Management of Small and
Medium Enterprise (SME) products
- Relationship management of existing SME
clients
Qualification and Experience
- Bachelor’s degree in Business, Sales,
Marketing or equivalent
- At least 2 years’ experience in the financial
sector with exposure to SME lending
- Demonstrate through previous performance
ability to grow SME business
- Knowledge in Sales and Marketing, credit risk
management, credit lending and computer literacy a must
- Clear understanding of microfinance/banking
industry is an added advantage
Knowledge and Skills
- Good communication and interpersonal skills
- Excellent problem solving and decision making
skills
- Team player and quick thinker
How to Apply
If you meet the specified criteria,
apply through the link below: http://faulucareers.co.ke/
Note: Hard
Copy applications will not be accepted
All applications must reach us by
21st October, 2015.
Only shortlisted candidates will be
contacted.
Old Mutual Plc. is a leading international long-term savings, investments and protection Group originating in South Africa in 1845. The Group provides Life Assurance, Asset Management, Banking and General Insurance in over 40 countries in Europe, the Americas, Africa and Asia. In Kenya, other affiliates within the Old Mutual Group comprises of Old Mutual Holdings Limited which is the holding company of Old Mutual Life Assurance Company, Old Mutual Investment Services (K) Ltd., Old Mutual Investment Group (K) Ltd., Old Mutual Securities Ltd., Faulu Microfinance Bank and most recently UAP Holdings Ltd.