Senior Special Assets Manager
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 Senior 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 Senior Special Assets Manager
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 role holder shall primarily be
responsible for strategy setting, financial analysis, monitoring, preparation
of board documentation of the department’s loan portfolio.
They must be well versed on matters
pertaining to turning around accounts as well as recovery strategies and
processes where customers have defaulted.
Job Responsibilities/ Accountabilities:
The Senior Special Assets
Manager shall primarily be responsible for strategy setting, financial
analysis, review of credit paper/strategy memo preparation and documentation of
the department’s loan portfolio.
The role holder will primarily be
responsible for the recovery and collection of a portfolio of Non-Performing
Loans and ensure the bank gets back monies owed
Responsible for meeting the bank’s
recovery/collections target through individual targets assigned.
Responsible for interpreting and
analyzing interim and annual financial statements.
Liaise with Special Assets Managers
and Assistant Special Assets Managers to ensure accurate covenant testing and
monitoring.
In conjunction with the
relationship teams, acts as the primary contact between the Bank and customer.
Attend customer visits and meeting and
Manage relationships with external service providers with third party vendors
such as monitoring agents, consultants, liquidators, executors, sheriffs,
messengers of court, accountants, receivers, judicial managers, valuers,
external lawyers etc.
Progress the recovery of debts on
classified corporate accounts and ensure their compliance with local regulatory
requirements and the bank’s internal procedures.
Monitor and delegate appropriate
duties to members in the team.
Responsible for negotiating and
communicating the appropriate loan restructure to customers.
Support Head of Special Assets
when necessary.
Complete special projects when
assigned.
Meet the department’s learning
e-learning and training goals.
Participate in the department’s team
building activities.
Key Critical Competencies:
Good credit risk skills
Good negotiations skills
Good relationship management skills
Strong analytical and numerical skills
Strong communication and report
writing skills
Experience of dealing with senior
management of corporate entities
Strong team leadership skills with
good team performance management ability
Strong planning, coordination, and
time management skills
A minimum of five years of relevant
management special assets/recoveries 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
Ability to coach, mentor, train, and
transfer skills to others.
Experience in engaging senior
executives in facilitating decision-making and reporting.
Strong understanding of overall
banking operations, systems, and processes.
Strong negotiation skills.
Willingness to travel.
Good knowledge of the local legal
system, insolvency law and security issues, and the options available to the
Bank in debt recovery.
Qualifications
A university degree in a
Business-related field. A Masters’ Degree will be an added advantage.
A minimum of five years of banking
experience in turning around accounts, recoveries and portfolio management
experience.
Any professional qualifications
related to credit, business recovery and turning around accounts.
Experience in working in banking
environment will be an added advantage.
How to Apply
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