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Banking Jobs in Nairobi, Kenya - Microfinance

Our client, Daraja Microfinance Bank (www.darajabank.co.ke) was licensed by Central Bank of Kenya as a community Microfinance Bank for the Dagoretti Division, since January 2015. 

Daraja’s target market is the Micro and Small Enterprises (MSEs), their owners and employees with the underlying goal being to help both individuals and groups achieve their financial goals. 

As part of its strategic plan, Daraja Bank is seeking to go national to be among Tier 1 MFBs in Kenya.
 

They are seeking to recruit a highly talented professional to fill in the following position in their Nairobi office:
 
ICT Manager
 

Reporting to the Chief Executive Officer, this is a position responsible for leading and directing Information Technology strategy, product development, technology infrastructure and operations capability for the Company. 

The incumbent will also ensure that demands and requirements are balanced within the IT and business divisions.

Principal Accountabilities
  • Developing and executing an ICT Strategy and related ICT standards in support of and to enable the overall company strategy
  • Positioning ICT as a proactive technology driver, whilst maintaining a collaborative delivery focus
  • Recommending and motivating new services based on market trends, customer needs and the Company’s strategy
  • Taking responsibility for managing the relationships and processes with regulators, industry stakeholders and internal stakeholders and software vendors.
  • Aligning ICT objectives and programs/projects to enterprise – wide objectives and strategies
  • Establishing networking environment by designing system configuration; directing system installation; defining, documenting, and enforcing system standards.
  • Facilitating product development along the ABC module.
  • Risk identification and coming up with mitigations around the system
  • Designing and enforcing network systems policies and procedure
Qualifications, Experience and Knowledge
  • Degree in Computer Science, IT, or any related field
  • A minimum of 5 years of experience with 2 years in leading a technology organization in financial services industry
  • Should have recognized professional certifications in IT
  • Experience in developing products, product positioning, launching new products and developing and executing go – to – market strategies.
  • Should have proven in IT innovations
  • Strong business case & analytical abilities


Principal Officer


Reporting to the Chief Executive Officer, this is a position responsible for providing leadership and managing the activities of the insurance brokerage firm by developing and maintaining good working relationships with clients.

Principal Accountabilities
  • Source and secure new businesses, building and managing a customer portfolio;
  • Ensure new clients are provided with quotations and continuous follow up is in place
  • Undertake market research in order to identify and recommend competitive products and services
  • Deal with client issues in regard to insurance; claims, underwriting and other duties as may be assigned
  • Responsible for the overall operations of the business and will be specifically responsible for compliance and all affairs of the regulator
  • Liaise with the regulator and provide all necessary reports
  • Provide reports on the state of the business to senior management and the Board;
  • Gaining new business by identifying and exploiting opportunities in the market
  • Increasing profitability of existing product lines by encouraging clients to use added value services wherever possible
  • Ensuring credibility with clients by maintaining detailed knowledge of current market conditions and competitors’ products;
  • Builds company image by collaborating with customers, government, community organizations, and employees; enforcing ethical business practices.
  • Direct and coordinate organization’s financial and budget activities to fund operations, maximize investments, and increase efficiency.
  • Review financial statements, sales and activity reports, and other performance data to measure productivity and goal achievement.
Qualifications, Experience and Knowledge
  • Degree in commerce - Finance / Banking / Insurance option
  • Diploma in Insurance (AIIK or ACII)
  • 6 years’ experience in the insurance industry with extensive knowledge of marketing
  • Knowledge of the Insurance products and services and IRA regulations


Credit Administration Officer
 


Reporting to the Credit Manager, this is a position responsible for ensuring proper credit administration and loan recovery.
 
Principal Accountabilities:
  • Appraising and making recommendations on credit proposals and ensuring compliance with the institution’s credit policy & procedures 
  • Vetting and analyzing collaterals/securities provided for approved facilities against facility terms and conditions
  • Monitoring and periodic reviews of customer and their credit lines to ensure recovery strategies are performed.
  • Ensuring that all weekly, monthly and quarterly credit risk reports are properly prepared and presented to management for review.
  • Authenticating documentation presented for all credit applications and ensuring that they meet the KYC requirements.
  • Enhancing credit risk management techniques in the credit administration
  • Maintaining credit files and updating all the credit documents
Key Skills and Qualifications:
  • Diploma in finance, accounting or related field
  • Minimum of 2 years’ experience in a credit function in a financial institution
  • Experience in financial auditing is an added advantage.
  • Excellent communication and presentation skills with outstanding reporting skills.


Credit Analyst

Reporting to the Credit Manager, the Credit Analyst will be responsible for undertaking credit appraisals in order to ensure a quality loan book as well as making recommendations to the Management on each credit proposal in accordance with the Bank’s Credit Policy.

Principal Accountabilities:
  • Review and make recommendations to the Credit Manager relating to all new facilities
  • Responsible for extensive analysis of financials of the borrower(s) to establish their financial credentials
  • Ensure critical risk monitoring of loan portfolio, highlighting specific action points for accounts in excess/over approved limits and loans in arrears
  • Daily review of the overdraft referral list and loan arrears report and factoring the same in the analysis (for the existing customers);
  • Prepare and check offer letters in line with the approval terms and conditions
  • Prepare credit reports, statutory returns, manage risk and ensure compliance with bank’s credit policy and procedures
  • Conduct risk profiles of various business sectors to act as guidance in assessments of related credit applications
  • Analyze the loan book in terms of credit risk exposures to the bank and provide advice on courses of action for individual facilities
  • Ensure compliance of all internal and regulatory credit/other portfolio related policies
  • Ensure timely submission of quality Quarterly Credit Reports
Key Skills and Qualifications:
  • Bachelor’s degree in Finance or Accounting or related field
  • Professional qualifications - CPA (K) / ACCA
  • Minimum of 3 years’ experience in credit analysis in a financial institution
  • Strong analytical and problem solving abilities, highly numerate and inquisitive.

Credit Manager
 

Reporting to the Chief Executive Officer, this is a position responsible for the overall leadership of the credit management function and successful attainment of a healthy loan portfolio through risk mitigation. 

Principal Accountabilities:
  • Manage the daily administration for loan documentation in full compliance with the internal standards and external regulatory requirements
  • Review loan documents; ensure completeness as per the company policy and procedures with respect to amount of finance, terms and conditions and liaise with internal and external parties to ensure proper and efficient administration of duties
  • Conduct periodical review on loan administration policy and procedures to streamline workflow
  • Generate, review and maintain loan disbursement reports for presentation to credit committees, and provide monthly reports on the same, in accordance to the credit policy and guidelines.
  • Responsible for collateral valuation, collateral monitoring and collateral reconciliation with original documents, weekly monitoring of any pledged shares value to ensure compliance of coverage ratio and advise Corporate Credit to request top up in case of workflow.
  • Ensure post disbursement compliance with approved terms and conditions, assignment of rights, review expiry of credits, progress on payment, insurance etc.
  • Review daily system credit monitoring and management reports and identify non performing accounts with irregularities and proactively follow-up to ensure corrective action taken in line with credit policy.
  • Monitor all irregularities, past dues, documentation of deficiencies and report to senior management.
Qualifications, Experience and Knowledge:
  • Degree in Finance, Banking, Accounting or related field.
  • Professional qualifications in Credit Management, CPA (K) or ACCA
  • A minimum of 6 years of experience in credit operations with 2 years in a supervisory role
  • Should have thorough understanding of the Banking Act and Central Bank regulations
  • Experience in developing lending products in a financial industry
Interested candidates are requested to forward their updated CVs to recruit@virtualhr.co.ke by 9th May 2016 stating their current and expected remuneration, daytime telephone contacts and addresses of three referees. 


Only shortlisted candidates will be contacted.  

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