Credit Officer
Location | Nairobi, Kenya |
Date Posted | August 10, 2020 |
Category |
Finance
|
Job Type |
Full-time
|
Currency | KES |
Description
Duties and Responsibilities
The duties and responsibilities are as follows:
- Operational Roles and Responsibilities
- Monitor compliance with covenants and agreed terms and conditions and generaloversight monitoring of accounts conduct and performance;
- Ensure compliance with KMRC’s credit policies, regulatory requirements and best practice in monitoring and control of facilities;
- Identification of loans that are in arrears for more than 90 days;
- Offset of deposits upon default;
- Recovery of defaulted loan amount from guarantors;
- Liaising with debt collectors and monitoring their debt portfolio, hold monthly meeting with them to review their performance;
- Preparation of demand letters and sending the same to defaulters and their guarantors within set timeline;
- Liaison with new employers for defaulters for loan recovery of defaulted loans;
- Preparation schedules of defaulters for submission to CRB;
- Timely and accurate listing of defaulters with CRB;
- Giving notice to defaulters about listing their debts with CRB before offset to guarantors;
- Advice guarantors and defaulters upon receipt of demand notices;
- Preparation of monthly credit reports to the Credit Manager with necessary recommendations;
- Inform member organizations about available options to repay guaranteed liability;
- Preparation and sending of guarantors’ certificates;
- Preparation of detailed defaulter’s schedules for credit reports;
- Timely refund to guarantors’ amounts recovered;
- Liaising with organizations requesting loan balances; and
- Repossession of motor vehicles for defaulted loans.
Key Results Areas:
The job-holders’ accountability areas are as follows:
- Submission of accurate, timely and relevant reports
- Continuous process improvement of services through efficient working
- Enforcement of relevant guidelines, rules and regulations
- Ensure customer satisfaction for the consumers of the services offered by the department
Required Master N/A
Required Degree Bachelor’s Degree Qualification in a Business related field
Required Skills
Knowledge and Skills Required
The job-holder must possess:
- A minimum of a Bachelor’s Degree Qualification in a Business related field
- A member of the Association of Chartered Certified Accountants (ACCA) or Certified Public Accountants (ICPAK)
- Minimum five (5) years’ experience in finance or a relevant field;
- Professional expertise and Knowledge of loan management and credit policy
- Must demonstrate high integrity and ethical practice;
- Must demonstrate ability to work independently with minimum supervision;
- Must be a team player who is able to work cordially in teams;
- Must demonstrate ability to multitask;
- Must demonstrate commitment to operational effectiveness;
- Should have ability to solve problems by applying relevant business knowledge;
- Should demonstrate professional expertise in the relevant work area;
- Must have the ability to communicate for both written and oral communication;
- Must be able to work under pressure;
- Must be a flexible person, who is willing to learn and able to work flexible hours to achieve goals; and
- Must have knowledge in use of MS office packages