Kenya Industrial Estates is a
Micro, Small and Medium Enterprises established in 1967 with the mandate of
promoting industrialization through indigenous enterprise development in the
country.
To achieve this mandate, the
company provides Industrial Parks, medium to long term financing, and business
advisory / training services.
The company plans to fill the following positions with a view to effectively discharge on its mandate:
The company plans to fill the following positions with a view to effectively discharge on its mandate:
Job Title: Manager Risk / Credit
Management
Direct Reports to:- Managing Director
Job Purpose:-
a) This is a position
responsible for the overall leadership of the Risk Management Function and
successful attainment of a healthy loan portfolio through risk mitigation.
b) To promote and sustain a
culture of risk management discipline within the institution To represent the
risk and assurance function to the Board and ensure that there are effective
standards and internal controls, policies and procedures, systems and a risk
management framework that supports business sustainability and continuity as
well as ensuring compliance with various regulatory standards;
c) To anticipate and
proactively ensure management of all potential risks, including credit,
operations, information security, regulatory compliance and reputation risks
and to initiate actions to pre-empt systemic risks;
Duties and Responsibilities:-
- Spearhead and
direct the Risk department team into identification and retaining the
appropriate risk management discipline while supporting growth aspirations
to achieve strategic goals of the company;
- Administer
appraise all new investment and ensure that every approved project is
technically feasible and economically viable;
- Ensure that
Risk Management Framework is adopted and effectively applied across all
departments of the institution;
- Implement the
Credit Risk Management Policy and ensure that the risk management
governance structures are fully functional;
- Identify credit
risks in the business, monitor the actual level of credit risk on a
regular basis and play a preventative role in risk control;
- Embed a culture
of consciousness and transparency for risk management and ensure that the
nature and size of risks are well understood by all staff;
- Manage risk on
a day to day basis which includes monitoring and reporting. This should
include measures and procedures for:- understanding key processes, risk
identification, risk analysis and assessment responding to risks
identified and assessed adequate information and communication and
monitoring of risk management activities;
- Ensure issuance
of quarterly statements/invoices. This shall automatically trigger status
of an account;
- Initiate and
oversee debt clearance and issuance of certificates upon completion of the
loan and thereafter release of securities;
- Ensure remedial
action is taken appropriately on non-performing loans, rents and mortgages
through rescheduling, rehabilitation, write off, negotiation, legal action
on Category D and E, repossession and disposal of securities;
- Initiate
special task force on debt recovery upon approval by the CEO.
- Embed
operational risk practices into business activities and support it with
appropriate training and awareness;
- Manage the
daily administration for loan documentation in full compliance with the
internal standards and external regulatory requirements;
- Conduct
periodical review on loan administration procedures to streamline workflow
1. Generate,
review and maintain loan disbursement reports for presentation to credit committees,
and provide monthly reports on the same, in accordance to the credit policy and
guidelines;
2. Ensure
post disbursement compliance with approved terms and conditions, assignment of
rights, review expiry of credits, progress on payment, insurance etc.
3. Review
daily credit monitoring and management reports and identify non-performing
loans with anomalies and proactively follow-up to ensure corrective action
taken in line with credit policy;
4. Monitor
all irregularities, past dues, documentation deficiencies and report to senior
management;
5. Advise
on risk issues and prepare reports for the Board to assist in decision making.
Knowledge and Experience
Required of Job Holder:
- Degree in
Finance, Accounting, Banking or Business related field;
- Master’s Degree
in the relevant field is an added advantage;
- Professional
qualifications in Credit Management CPA (K) or ACCA;
- A minimum of 6
years of experience in Credit Risk function with 3 years in a management
roles;
- Shown merit and
ability as reflected in work performance and results;
1. An
understanding of lending products in a Financial Industry;
2. An
understanding of an enterprise Risk Management Framework
3. Exposure
to demanding operational environments, ability to gain insight into the most
effective risk management applications and key points for:-
- Measurement of
market risks facing the institution;
- Gathering data
for use in review of MRM Policies by monitoring reports;
- Performance of
administrative duties;
- Monitoring of
the loans and ensuring the PAR is within the acceptable company’s rate.
How to Apply:-
Those employees who meet the
job requirements as detailed in the advert are encouraged to apply.
Applications must be
accompanied by current curriculum vitae, giving details of educational and
professional qualifications and addressed to the undersigned.
Applicants Must also indicate
their current and expected salaries.
The applications should be
received not later than 11th November 2016.
HR & Administration Manager,
Kenya Industrial Estates Ltd,
P.O. Box 78029-00507,
HR & Administration Manager,
Kenya Industrial Estates Ltd,
P.O. Box 78029-00507,
Nairobi.
Email: hr@kie.co.ke
Only shortlisted candidates will be contacted
Only shortlisted candidates will be contacted