Assistant Manager, Special Assets
Description
Equity Bank is one of the region’s
leading banks whose purpose is to transform the lives and livelihoods of the
people of Africa socially and economically by availing them modern and
inclusive financial services that maximize their opportunities. With a strong
footprint in Kenya, Uganda, Tanzania, Rwanda, South Sudan and DRC Congo, Equity
Bank is now home to over 12 million customers – the largest customer base in
Africa. Currently the Bank is seeking additional talent to serve in the role
outlined below.
Job Purpose
The Assistant Special Assets Manager
will play a key role in the success of the Group’s management of problem
accounts with a specific focus on exposures above $ 500,000 (USD Five hundred
thousand only).
The Assistant Manager Special Assets
ensures that the high-risk portfolio is well managed to mitigate against
potential provisions and achieve write backs on where provisions have been
booked in the Banks’ books.
The Assistant Manager Special Assets
shall be responsible for monitoring the department’s loan portfolio and
ensuring customers’ compliance with the set loan conditions and covenants.
Be a member of the Group Special Asset
Management team with responsibility for supporting the Senior Special Asset
Manager in the delivery of turnaround strategies to a portfolio of
predominantly Mid Corporate customers experiencing financial stress and
recovery action
Reporting to the Senior Special Asset
Manager, the jobholder is responsible for assimilation of all portfolio
documentation in the recovery files.
Job Responsibilities/ Accountabilities:
Jobholder will primarily be
responsible for issuance of demand letters & statutory notices to
customers. Issuance of Valuation, Repossession & Auction instructions to
proffessionals plus processing of recovery costs
Jobholder will also be responsible for
maintenance of client visit/meetings records, insurances, rates & rates
records, plus soft copy records of all Letters of Offers, Demands, Security
Documents and client information.
Monitoring covenants and document
material financial changes and covenant defaults.
Monitoring account conduct and timely
payment of facilities.
Manage daily, weekly, and monthly
reports.
Completion of credit reference bureau
checks.
Checks and due diligence activities.
Liaising with clients to collect
financial and supporting documents.
Liaising with the Senior Managers
to ensure timely submission and approval of
memos, interim reviews,
annual reviews, and Special Assets
Board Papers.
Interpreting and analysing interim and
annual financial statements.
Liaising with Senior Special Assets
Managers to ensure accurate covenant testing and monitoring.
Identifying, mitigating, and properly
documenting risks and policy exceptions, recommending risk ratings and exposure
strategies.
Attending customer visits and meeting
with third party vendors such as monitoring agents, consultants, and external
lawyers.
Documenting, sending, and archiving
hard copy letter communications to the customer.
Following up on receipt of signed
offer letters and other required loan approval documents from the customer.
Ensuring that all approval conditions
are met in a timely manner.
Liaising with internal
customers/stakeholders to support timely delivery of the credit process.
Support the Senior Special Manager
with all the administration and operational work in the portfolio
Complete special projects when
assigned.
Ensure that all required management
information on the portfolio is accurate and submitted in a timely manner
Monitor, collate and analyse financial
information and identify/highlight any areas that require further investigation
Ensure availability of facility
contracts and charged securities are maintained through regular valuations,
insurance cover, rates and rents as required for enforceability purposes.
Maintain accurate diary system to
ensure maintenance and control actions are undertaken in a timely manner.
Meet the department’s learning
e-learning and training goals.
Qualifications
Key Critical
Competencies:
Good credit risk skills
Good relationship management skills
Strong analytical and numerical skills
Strong communication and report
writing skills
Good knowledge of Microsoft Excel and
other spreadsheet/database applications
Strong planning, coordination, and
time management skills
Proficiency in use of internal IT
systems.
A minimum of five years of relevant
management special assets in the corporate segment is required.
Knowledge and understanding of Cash
flow lending required.
Ability to manage deals
simultaneously.
Clear and concise communication
skills.
Excellent interpersonal skills
Strong understanding of overall
banking operations, systems, and processes.
Strong negotiation skills.
Willingness to travel.
Experience of working under pressure
and with very little supervision
Great attention to detail.
Academic Qualifications
and Competencies:
A university degree in a
Business-related field.
Previous experience in turning around
accounts, recoveries and portfolio management experience.
Any professional qualifications
related to credit, business recovery and turning around accounts.
How to Apply
