Credit Manager at - Nairobi, Kenya - Co-operative Bank of Kenya

Description

The Co-operative Bank of Kenya Limited is incorporated in Kenya under the Company Act and is also licensed to do the business of banking under the Banking Act.

The Bank was initially registered under the Co-operative Societies Act at the point of founding in 1965.


REF:
(ES/CM/01/24)

Tasks & Responsibilities

Reporting to the Chief Executive Officer, the job holder will be responsible for managing the society's loan portfolio.

Key Responsibilities

Ensure disbursement of loans to members according to the society policy and customer charter and recommend all loans for approval
Ensure high levels of service delivery and efficient resolution of matters relating to members
Implementing the society's strategies relating to credit management within the set timelines
Daily supervision of the operations of the credit department
Continually monitoring the loans portfolio to ensure a portfolio at risk of 5% and below
Continually monitoring collection of outstanding institution remittances, ensuring timely remittance of member contributions to the society and reporting
Evaluating the loans portfolio with an aim of identifying risk areas and recommending mitigation measures
Coordinate debt recovery procedures with external debt collectors and lawyers
Preparing and presenting credit reports including, disbursements, loans aging reports and strategic reports
As a member of the products research and development team, propose new products that meet member's needs or review current ones
Maintain and update accurate CRB listing of all loans
Supervise all the employees in the credit department including establishing departmental goals, conducting timely performance reviews and training
Educate the staff on credit products and processes
Perform any other duty as may be assigned

Minimum Qualifications & Attributes

Bachelor's degree in Finance, Accounting, Banking, credit management or similar
Professional qualifications in Credit Management
Minimum of 3 years' relevant experience in credit administration or loan management at the management level in a financial institution preferably a cooperative society
Demonstrated computer literacy with experience in MS Excel, PowerPoint, Word and Dynamics Nav
Should have high integrity and be able to maintain confidentiality
Is self-driven, focused and innovative;
Have strong analytical and problem-solving skills;
Ability to be flexible, use initiative, self-evaluate and to work independently under little or no supervision.