Our client a well-established
Sacco Licensed by SASRA on outskirts of Nairobi is looking for a highly
committed and motivated professional for the position of the Credit
Manager.
Primary Responsibility: The Credit Manager will
reporting to the Chief Executive Officer and will be responsible for providing
strategic leadership and technical support in credit management, reviewing
non-performing assets book and developing appropriate strategies to ensure
timely recovery of amounts due, with minimum loss exposure.
Key Responsibilities
- Provide
leadership in development, implementation and review of credit management
strategies
- Oversee the
entire lending process including continuously reviewing credit policy in
line with changing trends
- Provide
appropriate inputs at Board and Management Committees’ level to ensure
appropriate measures are taken to rectify any identified gaps in the
lending process.
- Critically
review all non-performing facilities and develop appropriate strategies to
ensure recovery of the amounts due in an efficient and cost effective
manner.
- Design and
implement processes of monitoring and rehabilitating delinquent accounts,
in order to ensure that PAR is below regulator’s recommended rate
- Maximizing
recoveries from written off accounts.
- Ensure the
recovery of outstanding amount and ensuring the process of realization of
securities is handled procedurally in order to avoid delay through
intermittent ligation while at the same time ensure that the defaulting
client’s rights are respected in order to avoid potential risk exposure to
society through litigation or adverse publicity.
- Undertake
periodic review of securities held against all non-performing facilities
in order to ensure these are perfected and that no dilution happens during
the debt recovery period.
- Plan and
coordinate the debt recovery process with various service providers
(Lawyers, Valuers and Auctioneers) in order to avoid undue delay and
recovery costs escalation.
- For cases in
court, ensure the relevant evidence in support of Sacco’s case is properly
documented, shared with the key stakeholders in good time and ensuring
these witnesses are well prepared with factual information for the
relevant case
- Providing
periodic reports to Management and respective Board Committee on the
recovery status of each non-performing facility, with clear
recommendations on the way forward or closure.
- Liaising with
the Head of Finance to ensure appropriate adjustments are made to the
provisions for bad & doubtful debts per the required guidelines in
order to comply with IFRS requirements.
- Motivate the
credit team so that it can achieve set targets in line with business
goals
- Manage,
supervise and coordinate the operations of credit operations
Qualifications and
Competencies
- Bachelor’s
degree in Finance, Accounting, Banking or other related subject while
professional qualifications in CPA and Credit Management will be an added
advantage.
- Minimum of 3
years’ relevant experience in credit administration or loan management
gained from working at management level in the field of financial
institution or microfinance
- Strong
analytical skills, excellent communication, negotiation skills and
interpersonal skills, focused, self-driven and attentive to detail.
Application Procedure
Interested and qualified
candidates are invited to submit detailed curriculum vitae by 10th January 2017
indicating current remuneration and expected remuneration to: bmwangi@skillsglobal.co.ke
Only shortlisted candidates
will be contacted.
