Credit Officer - Sacco at a Reputable Company in Kenya

Salary: 50-60K

Our client is a well-established Sacco in Thika. They are looking to hire a competent and results oriented Credit Officer.

He/She will be responsible for all matters relating to loan appraisals, credit administration, loan repayments and recoveries.

Key Responsibilities

• Ensure efficient and prompt recovery of loans disbursed and interest accrued.
• Analyze list of members in arrears on monthly based on the number of missed instalments.
• Communicate to members in arrears informing them of amount in arrears. Follow up through phone calls, Emails and SMS’s.
• Work with the members on agreed payment plans and send reminders before the agreed due dates.
• Respond to members’ enquiries on mail or phone about their loans
• Prepare monthly reports on collections received, all follow ups done, commitment dates agreed on.
• Conduct field visits for recovery activities.
• Monitor progress of existing loans
• Prepare reports of all the loans appraised and disbursed during the month
• Review loan requests/applications from members to ensure all the required documents are availed.
• Assess members’ ability/eligibility to access any of the Sacco’s loan products

Desired Qualifications, Skills & Abilities

• Bachelor’s Degree in Accounting /Finance or any Business related course
• At least 3 years’ relevant experience in a Sacco or a Microfinance institution
• Good knowledge of Excel spread sheets & Ms Word.
• Strong negotiation skills
• Good communication and interpersonal skills
• Good problem analysis and solving skills
• Customer focus
• Accuracy and attention to detail
• Good report writing skills
• Confidentiality, honesty and integrity
• Teamwork