Credit Officer at Verde Edge Consulting Ltd

Our client a fully-fledged commercial bank regulated by the central bank, offering a range of banking services including foreign exchange, current accounts and corporate finance products is looking to recruit an a Credit Officer.

Job Description:

This position reports to the Chief Credit Officer. The key role being to monitor the loans, advances and manage the
credit risk.

Responsibilities:

•  Appraisal of Credit Applications for new facilities, enhancement and renewal
• Review of Bank’s Loans and advances to different sectors
• Review monthly limits expiring within the following three months and call for the appropriate data to
  facilitate appraisal and approval of the facility prior to expiry.
•  Marketing for new business.
• Process & Issue offer Letters
• Issue Limits- Markup/ Disbursement of funds
• Recover commitment fee on advances and commission on Letters of Guarantee and bonds
• Monitoring overdrawn daily positions- calling for regularization of TOD, excesses over the overdraft limit
  and overdraft balances in savings accounts
• Ensure prompt loan repayments and chasing for repayment of liabilities on problematic accounts
• Recovery of overdue loans and overdrafts
• Balancing of Suspense Accounts- Suspended Interest, Local Guarantees etc., against the respective GL
  accounts
•  Provide and obtain Banker’s reports as necessary
• Attend to renewal of insurance of insurance policies for properties, motor vehicles, machinery, equipment
  etc falling under debenture / Chattels Mortgage / Legal Mortgage
•  Preparation of Management Recovery Reports
• Maintenance of Facility Register and keeping it up to date at all times
• Attend to external auditors queries relating to lending generally
• Management of Security Documents held by the bank and, highlight anomalies and follow up for
  rectification
• Updating and maintaining Security Registers
• Custody and maintenance of Security Documents Dockets
• Issue of Letters of Guarantee and maintenance of Guarantee Register
• Raising Entries generally – Commitment Fee, Guarantee Liability and Commission etc.
•  Preparing relevant reports for Head of Treasury and Central Bank of Kenya
• Any other duties that may be assigned by management from time to time

Qualifications:

• Degree in Finance, Economics or Business Management, CPA K
• 2-3 years’ experience working in a commercial bank
• Self-driven with good organization skills
• Solid analytical skills, problem-solving, and decision-making skills
• Goal-oriented, reliable, flexible, and confident
• High levels of honesty, discretion, and integrity
• Good interpersonal and communication skills