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Bandari Sacco Credit Manager Job in Kenya

Bandari Sacco Society Ltd, the leading Sacco in the Coastal region
with a nation-wide membership has adopted a new strategy to strengthen
its market leadership and position herself for optimization of
efficiencies and delivery of superior returns to members. 
Part of this strategy is the attraction and retention of the best talent to drive the strategy. 
To
this end, the Board wishes to recruit a suitably qualified and
experienced individual within the Sacco leadership team and welcome all
applications in the following position:
Job Title: Credit Manager

 

Job Reference: CRM/5/2016

Job Title: The Chief Executive Officer/CEO
 

Job Summary: The credit manager position is accountable for the entire credit granting process, including the consistent application of a credit policy, periodic credit reviews of existing members, and the assessment of the creditworthiness of potential customers, with the goal of optimizing the mix of SACCO income and minimizing bad debt losses
 
Main Duties and Principal Accountabilities
 
A. Management
  • Ensures safe keeping of all member records
  • Maintain a department organizational structure sufficient to meet all goals and objectives
  • Ensure confidentiality of all member records
  • Properly motivate the credit and collections staff
  • Measure department performance with appropriate metrics
  • Provide for ongoing training of the credit staff
  • Manage relations with collection agencies
  • Manage relations with credit reporting agencies
  • Manage relations with loanees and initiate loan recoveries through appropriate channels
  • Manage relations with the other SACCO departments
B. Credit Operations
  • Maintain the corporate credit policy and system of receiving, appraising, approving, recording members’ loans, advances and advances in a fair manner
  • Ensure timely disbursement of approved loans in liaison with finance department
  • Recommend changes in the credit policy to senior management
  • Create a credit scoring model
  • Verify, monitor and identify loan delinquency in both FOSA and BOSA
  • Manage customer credit/Registry affairs and files
  • Monitor the credit granting, file retrieval and updating process including file movements
  • Accept or reject the staff’s credit recommendations
  • Personally investigate the largest customer credit applications
  • Personally visit the largest customers to establish relations
  • Monitor periodic credit reviews
  • Monitor deductions being taken by customers with ICT department
  • Manage the application of late fees
  • Ensure that all securities/collaterals are perfected, charged, recorded and maintained under lock and key strong room
  • Prepare, analyze in a timely & comprehensive manner loan portfolios and give recommendations to the board as appropriate
  • Recommend training needs for credit department
  • Participate in seminars, workshops and conferences to keep a breast with changes in SACCO industry
  • Liaise with branch managers to initiate loan recoveries
C. Compliance
  • Supervise the accounts of partners [MESPT,WEF,YEDF] in controlling disbursement of funds and compliance with terms set
  • In charge of Loans and shares processing and deductions
  • Ensures loan processing and shares contributions are effected correctly
  • Recommends loan for approval for Credit Committee.
  • Prepares loan disbursement for approval by FM/ S/Accountant
  • Instituting and monitoring loan defaults
  • Approves accrued interest J.V.’s
  • Maintaining a positive image of the Society
  • Appraise and certify all loan applications and forward the same to the Credit Committee for approval
  • Verify eligibility of loan guarantors and advise accordingly
  • Verify and certify supporting documents for all loan application and advice accordingly
  • Monthly, quarterly, and annual preparation of loan portfolio, aging and delinquent reports
  • Managing Members inquiries and complaints pertaining loans
  • Prepare loan schedules for approved loans and ensure timely disbursement to various customer accounts.
Job Specification
 
The holder of the Credit Manager position must;
  • Be of exemplary integrity and honesty
  • Has excellent financial analysis skills
  • Possess analytical and critical thinking skills
  • Be decisive and possess quick judgment skills
  • Be independent minded
  • Has excellent communication and interpersonal skills
  • Be proactive and initiative
  • Has excellent report writing and presentation skills
  • Must be self motivated
  • Be a team player
Minimum Qualifications
  • Bachelor’s degree in Co-operative Management/ B.Com [Accounting option] or Credit Management and experience with credit scoring system preferred
  • CPA [K], ACCA/ICM
  • MBA [Finance/Banking/accounting option an added advantage]
  • Computer proficiency in computer application, especially in accounting packages and systems
  • Knowledge of Society’s Loans products
  • Knowledge of operation of various SACCO software systems an added advantage
  • Have a thorough knowledge of credit-related laws. Be willing to periodically travel to member sites.
  • Have considerable experience with customer negotiations.
  • Good customer Care skills
  • Tax Compliance from KRA
  • Report From an approved Credit Reference Bureau
  • Clearance from EACC
  • Certificate of Good conduct
How to Apply
 
Interested
candidates meeting the above criteria should forward an application
enclosing detailed Curriculum Vitae accompanied by copies of
certificates, National ID, names and contacts of three referees,
testimonials indicating the current remuneration and expected salary by
e-mail to BSCrecruit2016@gmail.com or hr@bandarisacco.co.ke quoting the
job reference as the subject matter e.g. “CEO/1/2016” by 24th June
2016. 
Only short listed candidates will be contacted for interview.

Bandari Sacco is an equal opportunity employer.


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