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 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 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 Special Assets Manager
shall be primarily responsible for monitoring the department’s loan portfolio
and ensuring customers’ compliance with the set loan conditions and covenants.
Job Responsibilities/ Accountabilities:
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.
Monitoring covenants and document
material financial changes and covenant defaults.
Monitoring account conduct and timely
payment of facilities.
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 analyzing 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.
In conjunction with the relationship
teams, acts as the primary contact between the Bank and customer.
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 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.
Qualifications
Good credit risk skills.
Good negotiations and relationship
management skills.
Strong analytical and numerical
skills.
Strong communication and report
writing skills.
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.
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.
Academic Qualifications
and Competencies:
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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