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  • Posted: Aug 7, 2020
    Deadline: Aug 18, 2020
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    The Kenya Mortgage Refinance Company (KMRC) was established as a key institution to support the Affordable Housing Pillar of the Government's Big 4 Agenda.
    Read more about this company

     

    Credit Officer

    Duties and Responsibilities

    The duties and responsibilities are as follows:

    • Operational Roles and Responsibilities
    • Monitor compliance with covenants and agreed terms and conditions and generaloversight monitoring of accounts conduct and performance;
    • Ensure compliance with KMRC’s credit policies, regulatory requirements and best practice in monitoring and control of facilities;
    • Identification of loans that are in arrears for more than 90 days;
    • Offset of deposits upon default;
    • Recovery of defaulted loan amount from guarantors;
    • Liaising with debt collectors and monitoring their debt portfolio, hold monthly meeting with them to review their performance;
    • Preparation of demand letters and sending the same to defaulters and their guarantors within set timeline;
    • Liaison with new employers for defaulters for loan recovery of defaulted loans;
    • Preparation schedules of defaulters for submission to CRB;
    • Timely and accurate listing of defaulters with CRB;
    • Giving notice to defaulters about listing their debts with CRB before offset to guarantors;
    • Advice guarantors and defaulters upon receipt of demand notices;
    • Preparation of monthly credit reports to the Credit Manager with necessary recommendations;
    • Inform member organizations about available options to repay guaranteed liability;
    • Preparation and sending of guarantors’ certificates;
    • Preparation of detailed defaulter’s schedules for credit reports;
    • Timely refund to guarantors’ amounts recovered;
    • Liaising with organizations requesting loan balances; and
    • Repossession of motor vehicles for defaulted loans.

    Key Results Areas:

    The job-holders’ accountability areas are as follows:

    • Submission of accurate, timely and relevant reports
    • Continuous process improvement of services through efficient working
    • Enforcement of relevant guidelines, rules and regulations
    • Ensure customer satisfaction for the consumers of the services offered by the department

     
    Required Master     N/A

    Required Degree    Bachelor’s Degree Qualification in a Business related field

    Required Skills   

    Knowledge and Skills Required

    The job-holder must possess:

    • A minimum of a Bachelor’s Degree Qualification in a Business related field
    • A member of the Association of Chartered Certified Accountants (ACCA) or Certified Public Accountants (ICPAK)
    • Minimum five (5) years’ experience in finance or a relevant field;
    • Professional expertise and Knowledge of loan management and credit policy
    • Must demonstrate high integrity and ethical practice;
    • Must demonstrate ability to work independently with minimum supervision;
    • Must be a team player who is able to work cordially in teams;
    • Must demonstrate ability to multitask;
    • Must demonstrate commitment to operational effectiveness;
    • Should have ability to solve problems by applying relevant business knowledge;
    • Should demonstrate professional expertise in the relevant work area;
    • Must have the ability to communicate for both written and oral communication;
    • Must be able to work under pressure;
    • Must be a flexible person, who is willing to learn and able to work flexible hours to achieve goals; and
    • Must have knowledge in use of MS office packages

    Method of Application

    Interested and qualified? Go to Kenya Mortgage Refinance Company (KMRC) on jobs.kmrc.co.ke to apply

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