Overall Job Purpose
The Middle Officer – Asset Finance will be responsible for:
Coordinating activities from all Motor Vehicle dealers, Insurance Companies, Brokers, Agents and direct customers.
Coordinating all Car tracking companies and follow ups on all matters relating to tracking of motor vehicles
Liaise with internal functional partners to ensure support to Relationship Managers and clients are adequate and prompt.
Undertake Quality Assurance of the Asset Finance applications on the forms and call backs where applicable
Coordinate the Dealer activities and confirm their documentation
Ensure compliance with the Lending policy of the Bank, with regard to the insurance premium finance and Vehicle and Asset Finance loan products.
Principle Accountabilities
Following up with Insurance Companies to ensure timely payment of refunds on cancellation of Insurance Premium Finance facilities
Ensure timely preparation and submission of accurate management reports
Confirming that tracking devise is installed and working.
Confirm Initial Transfer by customer has been done on TIMS
Ensure all documents are in place as per checklist.
Check if the client has executed the letter of offer
Check if the client has executed security agreement, chattels agreement (dealer to sign dealers’ invoice) and relevant forms.
Confirm whether the Arrangement fee, chattels fee and legal fee has been recovered and the clients account has enough funds for transaction fees where necessary.
Confirm whether the dealer has transferred ownership of the vehicle to the joint names i.e. bank and borrowers name (dealer to provide transfer of ownership print out & receipt)
Confirm the client has accepted ownership of the new vehicle and provided a print out of NTSA acceptance page. Check to confirm that the person to collect the logbook is a bank official
Follow up and confirm receipt of original logbook from the dealer
Undertake Call backs with dealers to confirm receipt of final invoice and account details
Confirm that the vehicle has been fitted with a tracking device for the term of the loan by a company in the Bank’s panel (tracking certificate). Check on the tracking system to confirm the vehicle is actually tracking.
Confirm dealer documentation (Certificate of incorporation /ID and Pin certificate) has been provided.
Confirm client has filled Credit life & Motor Insurance Proposal form
Minimum Qualifications, Knowledge and Experience
University degree in a business related field.
Professional Qualifications in Accountancy and or credit
At least 3 years banking experience in Asset Finance Management
Proficient in Microsoft Office applications
Conversant with all Asset finance related matters
Strong appreciation of banking operations in Kenya
Key Competencies and Skills
Good networking skills within the Motor Industry
Team Work and Interpersonal skills.
Integrity and Professionalism, Communication Skills
Ability to work independently under strict deadlines.
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