Key Responsibilities
Managerial / Supervisory Responsibilities
Implementing developed policies and procedures that guides day to day operations of the institutions in Liquidation
Enforcing Compliance of the developed policies, procedures and other operational guidelines for efficient and effective liquidation and winding up of troubled financial institutions
Supervising Preparation of periodic reports including statement of affairs to apprise all stakeholders on the progress made in resolving the banks/ financial institutions in liquidation for eventual winding up
Supervising Preparation of the check list to be used in winding up a non-viable banks/ financial institution in liquidation
Supervising the preparation of the various periodic performance status reports for the assigned banks/ financial institutions in liquidation to ensure compliance with executed service level agreements. The reports include among others
Court cases progress reports Statutory notices for defaulting debtors’ status reports Properties scheduled for auction status report Negotiated payments progress report. Undertaking performance appraisal of the direct reports
Providing coaching and mentorship for direct and indirect reports
Operational Responsibilities
Generating the information required to aid in tracing, preserving and realizing of the assets of the assigned financial institutions in liquidation
Reviewing investments applications for surplus funds held by Banks/ Financial institutions in liquidation to ensure completeness and accuracy
Checking completeness and accuracy of periodic reports including the statement of affairs to assist evaluating continued viability of banks/ financial institutions in liquidation
Preparing monthly loan collection reports for the banks/ financial institutions in liquidation
Acting as the liaison person between the institution in liquidation and auctioneers, valuers, advocates investigators and other service providers to facilitate loan recoveries
Reviewing debtors/ borrowers loan files prepared by the direct reports and making recommendations to the manager resolution to maximize on loan collections
Updating of the Credit Reference Bureaus reports
Custodian of securities safe keys and facilitating retrieval and release of securities
Daily review of all transactions undertaken by banks/ financial institution in liquidation for accuracy and completeness
Custodian of all payment records for institutions/ banks in liquidation
Undertaking reconciliation of all internal accounts and securities held
Reviewing Payments for services offered by different service providers in compliance with existing policies and procedures
Supervising preparation and filing of statutory returns for the assigned banks/ financial institutions in liquidation
Undertaking regular reviews of updated data relating to depositors, debtors and creditors of the Institution in Liquidation to ensure accuracy
Custodian petty cash and facilitating reimbursement
Supervising collating of the information required by the board to facilitate approval to wind up of identified non-viable institutions
Compiling the information required by the service providers (Auditors & advocates) to commence the winding process and ensure the records are readily available.
Job Competencies
Academic qualifications
Bachelor’s Degree in Commerce, Finance, Economics, Business Administration, or any other equivalent qualification from a recognized Institution
Master’s degree in any of the following disciplines: Commerce, Finance, Economics, Business Administration from a recognized institution is an added advantage.
Certification in management – an added advantage
Work experience
Six (6) years’ relevant work experience preferably in Banking, Financial Management Credit Administration, Conveyancing, Litigation, Asset Management & Tracing or Insolvency.
Functional Competencies
Supervisory skills
Communication skills
Analytical skills
Problem solving skills
Proficiency in computer application skills
Interpersonal skills
Presentation skills
Decision making skills
Report writing skills
Budgeting skills
Closing Date Thursday, April 14, 2022 – 23:59
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