Credit Control / Debt Recovery Officer

The job holder shall be responsible for the accurate analyses of loan applications, credit data, financial information & other relevant information to assure on the loan security, ability to repay loans and the associated credit risk.
The holder will also support in the interpretation of credit policies and procedures to the members to ensure compliance is maintained. The job holder will offer support to the Credit Manager with quality improvement and management of lending procedures. He/she will also ensure due installment is collected and asset foreclosure procedures are enforced.

Responsibilities

Make follow up of accounts in arrears through the early arrear management and use of external agencies to ensure actual recoveries are realized.

Ensure timely dispatch of all default correspondences.

Swiftly deploy debt recovery tools at disposal in a timely and effective manner

Maintain and establish relationships with the third parties that assist in recovery process –the tribunal, debt collectors & auctioneers.

Continually monitor performance of the assigned loan portfolio to ensure prompt payment of the loans;

Preparation of accurate weekly and monthly loan book performance & debt recovery reports.

Timely follow up of delayed company remittances

Undertake any additional duties that may be assigned by the immediate supervisor

Key Result Areas
Ensure that all loans are repaid as per schedule.

Effective engagement of the third parties that support the recovery process

Timely liquidation of assets pledged as collateral for defaulted loans

Keeping the borrowers & guarantors informed about the status of the loan accounts

Preparation of accurate reports on the status of the loan book and recovery activities
Desired Skills and Experience
A Bachelor’s degree in Banking, Finance or Accounting

Diploma in Co-operative Management from the Co-operative College of Kenya or any other relevant institution

A CPA qualification will be an added advantage

At least 3-years relevant experience in a similar setup

Must be computer literate especially in MS Office and at least one
relevant Accounting software

Job Requirements
Required education
: Bachelor's degree

Required relevant work experience
: 3 years

Required languages:
English (Spoken: fluent | Written: fluent)
Mandatory attachments
Please have a scan or photo of these documents ready when you start the application:
Self-prepared CV file
- the employer wants to see a CV that you have prepared yourself
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