Grow your Career with Us
Faulu Microfinance Bank, a subsidiary of the Old Mutual Group is one of Kenya’s fastest growing banks with a network of over 80 outlets and over 900 employees.
The bank is regulated by the Central Bank of Kenya and offers a variety of financial solutions catering to both Retail and MSME segments.
Over the years, the bank has developed a wide portfolio of transactional, savings, credit and micro insurance solutions to meet changing customer needs.
Our vision is to give Kenyans hope and a future, by listening and empowering them with relevant financial solutions.
In line with business demands driven by our rapid growth, we are looking for qualified, highly competent, talented and results driven individuals to fill the following key business growth and revenue generation position.
Debt Recovery Manager
Job Ref: HR: 69/06/2015
Job Summary: Working closely with the Head of Credit, he /she will ensure compliance with internal credit policies and procedures, best practices and CBK prudential guidelines to facilitate management of credit risks within tolerable levels.
The Job holder will execute the institution’s strategy in reducing the NPA portfolio as per laid out guidelines in the institution’s credit policy.
He/ She will ensure that ALL approved and disbursed loans are fully repaid as stipulated in the terms and conditions to prevent loss to the institution due to non-repayments.
Key Responsibilities
- Project relevant trends that affect the collectibles of the portfolio and isolate potential problem areas
- Monitor loan repayments globally and initiate/recommend course of action
- Instruct and follow up with external service providers on NPA matters i.e. debt collectors, auctioneers etc.
- Extract, confirm and transmit CRB information to licensed Credit Reference Bureau
- Conduct client visits (on a need basis) and make telephone calls to follow up on payments from NPA debtors
- Report on NPAs (Write offs, Collections, Security Cover etc.) on a regular predetermined basis and provide information for CBK reporting
- Ensure one day arrears management for all disbursed loans is fully executed
- Ensure a record is maintained to track recovery progress for all loans in arrears
- Ensure weekly arrears and reports are prepared for all the branches and follow with them to ensure full repayment
- Ensure demand letters are prepared and ensure that they are forwarded to the defaulting customers
- Ensure reports are prepared and recommendations made on bad debts to be written-off to the management for approval
- Ensure an up to date register on loan related insurance claims is maintained and ensure prompt reimbursement from underwriters
- Monitor debt collection response cycles and contacts as well as credit control performance
- Manage resource scheduling and the determination of priority of work and procedures to maximize production output and success levels.
- Report and monitor all risks associated with debt recovery
- Generate compliance reports for use in decision making and performance appraisals
- Do any other duties that may be assigned by the Management
Requirements:
- He or she should be a holder University Degree in Business studies.
- 5 years’ experience in credit and debt recovery
- Knowledge in credit management and banking is an obvious advantage
- Knowledge on Law relating to banking
- Practical experience in lending and recovery
- Speed and accuracy
Personal Attributes:
- Capacity and willingness to work for long hours and within strict deadlines
- Excellent interpersonal skills
- High degree of confidentiality
- Analytical mind
- Knowledgeable on the Financial services sector
- Assertive, honest, highly organized, creative and innovative
If you meet the specified criteria apply through the below link: http://faulucareers.co.ke/
All applications must reach us by 14th October, 2015.
Only shortlisted candidates will be contacted.
Note: Hard Copy applications will not be accepted.
Old Mutual Plc. is a leading international long-term savings, investments and protection Group originating in South Africa in 1845. The Group provides Life Assurance, Asset Management, Banking and General Insurance in over 40 countries in Europe, the Americas, Africa and Asia. In Kenya, other affiliates within the Old Mutual Group comprises of Old Mutual Holdings Limited which is the holding company of Old Mutual Life Assurance Company, Old Mutual Investment Services (K) Ltd, Old Mutual Investment Group (K) Ltd, Old Mutual Securities Ltd, Faulu Microfinance Bank and most recently UAP Holdings Ltd.