Senior Credit Officer
Jubilee Insurance was
established in August 1937, as the first locally incorporated Insurance Company
based in Mombasa. Jubilee Insurance has spread its sphere of influence
throughout the region to become the largest Composite insurer in East Africa,
handling
Life, Pensions, General and Medical Insurance.
Today, Jubilee is the number one insurer in East Africa with over 450,000
clients. Jubilee Insurance has a network of offices in Kenya, Uganda, Tanzania,
Burundi, and Mauritius. It is the only ISO certified insurance group listed on
the three East Africa stock exchanges – The Nairobi Securities Exchange (NSE),
Dar es Salaam Stock Exchange and Uganda Securities Exchange. Its regional
offices are highly rated on leadership, quality and risk management and have
been awarded an AAin Kenya and Uganda, and an A+ in Tanzania. Jubilee Asset
Management (JAML) is a wholly owned subsidiary of Jubilee Holdings Limited,
that focuses on providing fund management and investment advisory products and
services to institutional and retail clients. It is licensed and regulated by
the Capital Markets Authority (CMA).
We currently have an exciting career
opportunity for Senior Credit Officer – Insurance Premium Financing under a
Special Purpose Vehicle (SPV) within Jubilee Asset Management Limited. The
position holder will report to the Chief Executive Officer and will be based at
our Head Office in Nairobi.
Role Purpose
The Senior Credit Officer – Insurance
Premium Financing is responsible for managing the credit risk of the company’s
insurance premium financing portfolio. The role involves analyzing
creditworthiness, assessing risk, and recommending credit decisions to the
management. The Senior Credit Officer will play a critical role in developing
and ensuring that the company’s credit policies and procedures are adhered to,
and that the loan portfolio is managed within acceptable risk parameters.
Main duties and
responsibilities:
Loan processing:
The Senior Credit Officer will be
responsible for managing the entire loan processing cycle, from receiving loan
applications to disbursement of funds. They will be required to ensure that all
loan processing documents are in order and are filed and stored correctly. They
will also be responsible for conducting credit checks on potential borrowers to
determine their creditworthiness.
Credit risk management:
The Senior Credit Officer will be
responsible for assessing the credit risk of the company’s insurance premium
financing portfolio. They will need to have a strong understanding of the
market and industry trends to make informed decisions on which loan
applications to approve or reject. They will also be required to make
recommendations to the management on how to adjust the portfolio to reduce risk
and maximize returns.
Loan collection and
default management:
The Senior Credit Officer will need to
have a strong understanding of loan collection processes and be able to manage
defaulting accounts effectively. They will be required to liaise with the
insurer on account termination for non-performing accounts and maintain up-to-date
records of the loan book.
Reporting:
The Senior Credit Officer will be responsible for ensuring that frequent and timely formal and informal reporting is carried out. They will need to compile reports on the loan portfolio’s performance, including the number of loans approved, the average loan size, and
the rate of default.
Compliance:
The Senior Credit Officer will need to
ensure that the lending policies and guidelines are adhered They will need to
have a good understanding of the laws and regulations governing the financial
services industry and ensure that the company’s policies and procedures are in
compliance.
Staff training:
The Senior Credit Officer will be required
to develop and update lending manuals and ensure that staff members are trained
on the same. They will need to have strong leadership and mentoring skills to
help the team develop their credit processing skills.
Customer service:
The Senior Credit Officer will need to
ensure that borrowers and other stakeholders involved in the loan process
receive accurate information about loan terms and conditions. They will need to
have excellent communication and stakeholder management skills to maintain
positive relationships with clients and other stakeholders.
Key Competencies
- Visionary
& Commitment
- High
Integrit
- Team
Spirit
- Customer
Focus
- Continuous
Innovation
- Ability
to understand economic and financial trends is a requirement.
- Good
communication skills.
- Good
stakeholder management skills.
- A
high level of attention to detail
- Ability
to work under pressure.
Qualifications
- A
Bachelor’s degree in a relevant field such as accounting, finance,
banking, business, or economics.
- A
Master’s degree in a relevant field is preferred but not always required.
- Professional
certifications such as Chartered Financial Analyst (CFA), Certified Public
Accountant (CPA), or similar relevant certifications would be an added
advantage.
Relevant Experience
- At
least 3 – 5 years’ experience in busy environment preferably within the
financial services industr
- Have
the personal qualities to develop strong stakeholder relationships.
- Demonstrate
‘best in class’ knowledge of all credit processes.
How To Apply
If you are qualified and
seeking an exciting new challenge, please apply via Recruitment@jubileekenya.com quoting
the Job Reference Number and Position by
Friday, 5th May 2023.
Only shortlisted candidates will be
contacted