Manager, Debt Recovery Unit, Job in Kenya

Purpose

The purpose of this role
is to engage in conducting credit investigations and collecting delinquent
accounts and will communicate all credit related issues to senior management.
The role holder will carry out various initiatives and strategy towards recovery
across all types of customers and involving various key stakeholders both
external and internal including receivers/ administrators, Law firms,
auctioneers, other business segments, legal, etc.

Primary Responsibilities

Assess
the level of provisions requirement for all NPA accounts and write offs managed
in line with the firm’s policies and procedures including approval.

Liaise
directly with clients, third parties and colleagues in other departments to
maximize collections performance whilst also ensuring good client outcomes.

Deal
with processing loan workouts, rescheduling and rehabilitation, acceleration of
repayments, enforcement and foreclosures, liquidation and administration of
assets and collateral and implementation of various forms recovery strategies.


Submit
required reports to the BCC, NPA & CRMC Committees in a timely manner.

Ensure
satisfactory Internal or External Audit Reports including CBK.

Identify
accounts requiring collection agency or legal action and coordinate collections
with third party contractors.

Monitor,
review and report the portfolio performance and ensuring proper asset
classification and provisioning for loans and advances as well as the analysis
and reporting of the quality of the loan book and arrest negative trends.

Serve
as a member of the NPA Committee, reviewing and following up non-performing
accounts, ensuring agreed remedial actions for non-performing accounts at
minimal cost.

Review
CBK and IFRS provisions for all NPA customers.

Responsible
for stakeholder management including various service providers like
auctioneers, lawyers.

Qualifications

A
Bachelor’s degree in Finance, Accounting or related field.

Diploma
in Credit Management.

At
least 5 years of experience in Credit.

CPA
(preferred).

Professional
Banking qualifications (e.g. ACIB).

Experience
in both corporate relationship management and credit risk analysis.

Experience
in dealing with senior management of corporate entities.

Good
knowledge of the local legal system, insolvency law and security issues, and
the options available to the Bank.

How To Apply

Click Here To Apply

Apply before or on 27th
Jan 2024

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