1. Head of Credit Operations
Reporting to: Chief Executive Officer
Reporting to: Chief Executive Officer
To
manage the company’s credit risk management function efficiently and
effectively and ensure adherence to credit policy and procedures.
Station: Based at the Head Office
Relationships: Reports to the Chief Executive Officer. Liaises with the Head of Finance, Head of Business Development, Debt Recovery Manager, Branch Managers & External service providers
Key Performance Areas
- Credit policy
formulation.
- Risk management:
credit risk analysis and evaluation.
- Ensure
compliance with credit policies and procedures.
- Undertake credit
appraisal to vet credit proposals from branches.
- Monitoring and administration
of credit performance.
- Ensure that the
credit portfolio is measured, monitored and managed to achieve planned
performance
- Ensure that loan
portfolio management is consistent with the stated risk appetite position,
supported by sectoral, single borrower, tenor and other limits.
- Drive credit
risk processes and systems to ensure they meet business needs
- Management
information system(MIS) including statutory returns
- Ensure
sufficient credit resources with appropriate training and knowledge is
aligned with the capacity needs of the business.
- Branch support
and carry out inspection of credit/ lending issues
- Any other duties
that may be assigned to you from time to time by management.
Key
Performance Indicators
- Effective
internal control systems and procedures.
- Compliance with
the company's policies and procedures
- Clear and well
laid out credit strategies and operational plans.
- A growing loan
portfolio as per agreed targets
- An effective
follow-up plan on non performing loans to ensure recoveries.
- Timely and
accurate (up to date)credit reports to guide management and board of
directors in decision making
- Well informed
and trained staff on credit procedures and compliance
- Carry out
performance appraisals against agreed targets for the team while
accurately assessing individual strengths, developmental needs and
accurate feedback.
- Accountable for
the team’s compliance to regulations and the Microfinance/Banking policies
and procedures.
Qualifications
- Bachelor’s
degree in, Commerce, Business or Finance related field. Professional
qualifications will be an added advantage.
- Computer skills,
adept in use of ms word, Excel, Acess, Powerpoint, e-mail, internet and
intranet.
- Basel II
training, Financial/Credit risk and analysis training and other relevant
credit training at an advanced level.
- From ten (10)
years banking experience with at least 7 years Retail and Corporate
Credit, or microfinnace experience with proven result track record.
Competencies/Attributes
- Job skills:
understand the Microfinance/Banking Act and Central Bank of Kenya (CBK)
and Prudential guidelines; high levels of professionalism and professional
development.
- Understand and
implement credit processes of different credit products.
- An all round
Banker.
- Demonstrate a
high degree of sensitivity, confidentiality, and integrity when dealing
with internal and external customers.
- Management and
leadership ability: Have excellent interpersonal, organizing and people
management skills.
- Personality:
results oriented with excellent social skills and ability to interact
across all levels of management. A forward planner with clear focus,
mature, reliable, hardworking and able to work without supervision, ardent
team player with a keen eye on detail.
- Honest with
impeccable integrity, reliable, outgoing and hardworking.
- Strong
analytical skills
2. Finance & Administration Manager
Purpose of the position
Purpose of the position
Reporting
to the Country Managing Director, the jobholder will be responsible for
providing effective and efficient management of all financial and accounting
matters of the Company including the custody of the company’s funds and assets
for the company operations in Kenya.
Requirements for Appointment
Requirements for Appointment
- Bachelors degree
- CPA (K)
- Must be
registered with Kenya Institute of Certified Public Accountants of Kenya
(ICPAK)
- Computer
Proficiency
- 6 years
experience, 3 of them in a supervisory level or validated experience.
Duties
and Responsibilities
- Establishing
financial and management systems for effective implementation of
organization’s goals and policies.
- Ensuring
efficient revenue collection, disbursements, accounting and reports to the
Managing Director.
- Preparing
budgets and periodic financial performance reports for the Board’s
consideration.
- Ensure timely
and accurate reporting monthly, quarterly and annually on costs/revenue by
cost centre and ensure regular updating of forecasts in the light of
changes in costs and revenue.
- Prepare presentations
for the company’s financial position to the Board of Directors
- Represent the
company in all negotiations with bank, finance companies and
manufacturer’s representative
- Advising the
Managing Director and the Board on the financial viability of proposed
projects, products and investments.
- Ensuring
compliance to international accounting standards on financial reporting by
the Board.
- Ensuring
complainace with contractual financial obligations.
- Ensuring timely
and economic provision of services such as adequate office supplies,
transport, insurance and maintenance of office equipment.
- Ensure all
internal finance processes, filing and reporting requirements are
compliant with relevant required standards
- Ensure timely
submission of annual tax returns to tax authorities and annual filing of
company records with the Registrar of Companies where applicable.
3. Branch Managers
1
Position
Duties & Responsibilities:
- Responsible for
the overall performance and activities of the branch and participates in
making decisions.
- Ensure effective
control environment with focus on compliance of Prudential and other
regulatory instructions with no procedural slippages
- Making sure
targets are met, coaching and developing staff, keeping the office to a
high standard of discipline and integrity and dealing with customer
complaints
- Review and
analyze performance information and reports, which are then given and
shared with loan officers
- Spearhead
Promotion of speed capital products and services in the branch
- Monitoring of
disbursed loans - Delinquency management
- Assuring long
term relationship through high client satisfaction, reaching a high ration
of revolving clients – Customer care
- Maintaining
quality portfolio in the branch by ensuring recruitment of viable
Entrepreneurs.
- Carrying out
proper vetting and assessment of loans application for credit committee
approvals.
- Identify loans
for recovery and coordinate recovery efforts within the branch
- Initiate and
maintain good relationship between speed capital and local stakeholders
including provincial administration, church etc
- Performing other
duties as may be deemed necessary by the management.
Desired
qualifications and experience
- Degree holder in
relevant field
- At least two
years of experience in a managerial post in a micro finance institution or
bank
- Diploma holders
with at least 3 years’ experience in a managerial post in a microfinance
institution will be considered
4. Credit Officer
4
Positions
A
fast growing micro-lender requires the services of an experienced Credit
officer.
Operating
in the informal sector, we aim to uplift the socio-economic status and earning
potential of our customers by offering them high quality, affordable and
diversified financial services.
In
order to afford our members maximum efficiency, we would like to hire an
experienced Credit Officer who is adaptable, self driven individual, ready for
challenge, with highly developed skills in delivering cutting edge and swift
Credit solutions that would have a profound positive effect in Loan
portfolio.
The
Credit Officer will report to Management on matters pertaining to Credit
Management.
Key roles include:
- Client outreach
and recruitment
- Participate in
the formulation and implementation of the lending policies and procedures;
- Coordinate all
activities in relation to lending;
- Process,
appraise and recommend loan applications;
- Offer financial
advisory services to clients;
- Monitor and evaluate
the performance of the loan portfolio;
- Take necessary
action to recover loans;
- Review of the
loans products to ensure their relevance in a dynamic financial
environment;
- Handle loan
enquiries; and
- Perform any
other duties incidental to the functions of the credit department as
approved by the Management
- Develop new
products intended for new markets
Desired
qualifications and experience
- Bachelor’s
degree in business/Finance/Accounting
- Minimum of 2
years progressive experience in credit management at supervisory or
management level in microfinance
- Excellent
communication, organizational, interpersonal, negotiation skills and a
good team player.
- Able to work
under pressure to meet strict deadlines with minimum supervision.
Application
Procedure
If
you feel that you meet the above requirements, please apply by sending your
letter of interest and your CV with 3 referees to hr@mutualcredit.co.ke quoting
your current gross and expected remuneration.