Reporting to: Chief Executive Officer
To manage the company’s credit risk management function efficiently and effectively and ensure adherence to credit policy and procedures. The main responsibilities of the role revolve around loan credit approvals, monitoring and controlling the company's loans and advances portfolio as well as debt collections and recovery.Station: Based at the Head Office
Relationships: Reports to the Chief Executive Officer. Liaises with the Head of Finance, Head of Business Development, Debt Recovery Manager, Branch Managers & External service providers
Key Performance Areas
Credit policy formulation.Risk management: credit risk analysis and evaluation.Ensure compliance with credit policies and procedures.Undertake credit appraisal to vet credit proposals from branches.Monitoring and administration of credit performance.Ensure that the credit portfolio is measured, monitored and managed to achieve planned performanceEnsure that loan portfolio management is consistent with the stated risk appetite position, supported by sectoral, single borrower, tenor and other limits.Drive credit risk processes and systems to ensure they meet business needsManagement information system(MIS) including statutory returns Ensure sufficient credit resources with appropriate training and knowledge is aligned with the capacity needs of the business.Branch support and carry out inspection of credit/ lending issuesAny other duties that may be assigned to you from time to time by management.Effective internal control systems and procedures.Compliance with the company's policies and proceduresClear and well laid out credit strategies and operational plans.A growing loan portfolio as per agreed targetsAn effective follow-up plan on non performing loans to ensure recoveries.Timely and accurate (up to date)credit reports to guide management and board of directors in decision makingWell informed and trained staff on credit procedures and complianceCarry out performance appraisals against agreed targets for the team while accurately assessing individual strengths, developmental needs and accurate feedback.Accountable for the team’s compliance to regulations and the Microfinance/Banking policies and procedures.Bachelor’s degree in, Commerce, Business or Finance related field. Professional qualifications will be an added advantage.Computer skills, adept in use of ms word, Excel, Acess, Powerpoint, e-mail, internet and intranet.Basel II training, Financial/Credit risk and analysis training and other relevant credit training at an advanced level.From ten (10) years banking experience with at least 7 years Retail and Corporate Credit, or microfinnace experience with proven result track record.Job skills: understand the Microfinance/Banking Act and Central Bank of Kenya (CBK) and Prudential guidelines; high levels of professionalism and professional development.Understand and implement credit processes of different credit products.An all round Banker.Demonstrate a high degree of sensitivity, confidentiality, and integrity when dealing with internal and external customers.Management and leadership ability: Have excellent interpersonal, organizing and people management skills.Personality: results oriented with excellent social skills and ability to interact across all levels of management. A forward planner with clear focus, mature, reliable, hardworking and able to work without supervision, ardent team player with a keen eye on detail.Honest with impeccable integrity, reliable, outgoing and hardworking.Strong analytical skills2. Finance & Administration ManagerPurpose of the position
Requirements for Appointment
Bachelors degree CPA (K)Must be registered with Kenya Institute of Certified Public Accountants of Kenya (ICPAK)Computer Proficiency6 years experience, 3 of them in a supervisory level or validated experience.Establishing financial and management systems for effective implementation of organization’s goals and policies. Ensuring efficient revenue collection, disbursements, accounting and reports to the Managing Director.Preparing budgets and periodic financial performance reports for the Board’s consideration.Ensure timely and accurate reporting monthly, quarterly and annually on costs/revenue by cost centre and ensure regular updating of forecasts in the light of changes in costs and revenue.Prepare presentations for the company’s financial position to the Board of DirectorsRepresent the company in all negotiations with bank, finance companies and manufacturer’s representativeAdvising the Managing Director and the Board on the financial viability of proposed projects, products and investments.Ensuring compliance to international accounting standards on financial reporting by the Board.Ensuring complainace with contractual financial obligations. Ensuring timely and economic provision of services such as adequate office supplies, transport, insurance and maintenance of office equipment.Ensure all internal finance processes, filing and reporting requirements are compliant with relevant required standardsEnsure timely submission of annual tax returns to tax authorities and annual filing of company records with the Registrar of Companies where applicable.Responsible for the overall performance and activities of the branch and participates in making decisions.Ensure effective control environment with focus on compliance of Prudential and other regulatory instructions with no procedural slippagesMaking sure targets are met, coaching and developing staff, keeping the office to a high standard of discipline and integrity and dealing with customer complaintsReview and analyze performance information and reports, which are then given and shared with loan officersSpearhead Promotion of speed capital products and services in the branchMonitoring of disbursed loans - Delinquency managementAssuring long term relationship through high client satisfaction, reaching a high ration of revolving clients – Customer careMaintaining quality portfolio in the branch by ensuring recruitment of viable Entrepreneurs.Carrying out proper vetting and assessment of loans application for credit committee approvals.Identify loans for recovery and coordinate recovery efforts within the branchInitiate and maintain good relationship between speed capital and local stakeholders including provincial administration, church etcPerforming other duties as may be deemed necessary by the management.Desired qualifications and experience Degree holder in relevant fieldAt least two years of experience in a managerial post in a micro finance institution or bankDiploma holders with at least 3 years’ experience in a managerial post in a microfinance institution will be consideredA fast growing micro-lender requires the services of an experienced Credit officer. Operating in the informal sector, we aim to uplift the socio-economic status and earning potential of our customers by offering them high quality, affordable and diversified financial services. In order to afford our members maximum efficiency, we would like to hire an experienced Credit Officer who is adaptable, self driven individual, ready for challenge, with highly developed skills in delivering cutting edge and swift Credit solutions that would have a profound positive effect in Loan portfolio. The Credit Officer will report to Management on matters pertaining to Credit Management.Client outreach and recruitmentParticipate in the formulation and implementation of the lending policies and procedures; Coordinate all activities in relation to lending; Process, appraise and recommend loan applications; Offer financial advisory services to clients; Monitor and evaluate the performance of the loan portfolio; Take necessary action to recover loans; Review of the loans products to ensure their relevance in a dynamic financial environment; Handle loan enquiries; and Perform any other duties incidental to the functions of the credit department as approved by the ManagementDevelop new products intended for new marketsDesired qualifications and experience Bachelor’s degree in business/Finance/Accounting Minimum of 2 years progressive experience in credit management at supervisory or management level in microfinanceExcellent communication, organizational, interpersonal, negotiation skills and a good team player. Able to work under pressure to meet strict deadlines with minimum supervision. If you feel that you meet the above requirements, please apply by sending your letter of interest and your CV with 3 referees to hr@mutualcredit.co.ke quoting your current gross and expected remuneration.
