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    Sacco Loan Recoveries Officer - Nairobi, Kenya - Co-operative Bank

    Co-operative Bank
    Co-operative Bank Nairobi, Kenya

    2 weeks ago

    Default job background
    Full time
    Description

    ABOUT THE COMPANY

    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. This status was retained up to and until June 27th 2008 when the Bank's Special General Meeting resolved to incorporate under the Companies Act with a view to complying with the requirements for listing on the Nairobi Stock Exchange (NSE).

    JOB SUMMARY

    LOAN RECOVERIES OFFICER (REF: LRO/03/24)Reporting To: Credit ManagerQualifications & SkillsBusiness related degree or its equivalent.CPA PART 2 – Professional Qualification in credit management will be an added advantage.At least 3 years' experience in debt recovery.Proficiency in Ms. Office suite.Possess excellent analytical skills.Possess excellent communication and interpersonal skills.Be of exemplary integrity and honesty.Be proactive and have initiative.Be Firm and Assertive.

    RESPONSIBILITIES

    Ensure all loans advanced are recovered as per schedule.Ensure all loans on check off are properly fed into the payroll in an accurate and timely manner.Ensure all loans paid via standing orders are updated accordingly.Loan Monitoring and Portfolio Performance.Monitor Credit Portfolio for compliance with performance requirements.Review Status of each loan against original repayment expectations.Recovery of Non-Performing Loans (NPL).Manage NPLs and take appropriate recovery actions.Promptly recover delinquent loans as per loan agreement and Credit Policy.Collection of all loan related revenuesEnsure that all interest related revenues are collected.Collect all fines and penalties accruing on default or delinquency.Ensure all loan related fees are collected.Loan Restructuring (Extensions and Modifications).Review Loan Restructuring requests, access necessity and feasibility for such requests.Make recommendations for approval by Credit Manager.Reporting and Provisioning.Regularly report overall portfolio performance.Liaise with Finance department to ensure that necessary provisioning is done as per the regulatory requirement.Customer Service.Maintain a positive and professional relationship with Customers and business partners for effective credit management.Ensure requisite credit information sharing and referencing with subscribed Reference Bureau and regulatory requirements.Any other duties assigned by Credit Manager or CEO.

    REQUIRED SKILLS

    Budgeting, financial planning, Accounting, Financial analysis, Financial controlling

    REQUIRED EDUCATION

    Bachelor's degree

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