Manager Risk / Credit Management Job in Kenya

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:

Job Title: Manager Risk / Credit Management
Reporting Relationships 

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, 

Only shortlisted candidates will be contacted

NB: KIE is an equal opportunity employer (EOE) and committed to diversity and Gender Equity.