Job Purpose
To ensure that all approved and disbursed loans are fully repaid as per the agreed terms and conditions to prevent loss to the society due to non-repayment.
To manage non-performing loans to preserve capital.
Duties and Responsibilities
Monitoring society’s portfolio at risk and ensuring a performing loan book
Ensuring timely preparation and release of demand notices to members whose loans are overdue.
Aggressively follow up on non-performing loans
Preparation of monthly and quarterly reports on debt recovery
Managing all the securities registers and monitor the status of available securities.
Discharging securities where respective members have cleared their loans as per laid down procedures.
Extracting, confirming and transmitting CRB information to licensed Credit Reference Bureaus.
Manage storage and sale of repossessed collaterals
Assigning members’ loan accounts in default to debt collectors.
Liaise and monitor the execution of the recovery exercise by the third parties involved including auctioneers, lawyers and debt collectors
Responding to members’ queries and complaints.
Undertaking field visits for recovery activities
Champion credit information sharing as may be required
Follow up legal cases where recovery action is challenged in court
Monitor and regulate the debt collection costs within the approved limits
Ensure the recovery exercise fully complies with the statutory regulations and guidelines;
Perform any other duties as may be assigned from time to time
Minimum Academic and Professional Qualifications
Minimum of Bachelor’s degree in Finance or Accounting or any business-related field.
Qualifications in Credit Management/Debt Collection will be a definite advantage
A member in good standing of a relevant professional body.
Minimum of 3 years’ experience in debt collection within the financial service industry
Knowledge and Attributes
28 Years of age and above.
Fully conversant with lending in the Kenyan business environment
Excellent negotiation and communication skills.
Experience in working with targets and strict deadlines.
Good planning, analytical and monitoring skills.
Proficiency in computer applications
go to method of application »
Only online applications are being accepted and can be submitted by following a two step process as follows:Fill in the form on the link Send your CV to our email recruitment@kuscco.comApplications should be received on or before 5th May 2020 and MUST clearly state the job reference number as the subject and addressed to:The Manager
Research & Consultancy Department
KUSCCO Limited,
P.O. BOX 28403-00200,
NAIROBI.
Apply via :
recruitment@kuscco.com
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