Debt Recovery Officer at Maisha Bora Sacco Ltd

Maisha Bora SACCO Society Limited is looking for a self-driven and results-oriented person to fill the position of Debt Recovery Officer reporting directly to the Debt Recovery Supervisor.

Job Purpose: The Debt Recovery Officer will support the Debt Recovery Lead in effective Debt collection as per strategic plan targets. She/he is responsible for the accurate analyses of loan applications, credit data, financial information & other relevant information to assure on the loan security, ability to repay loans and the associated credit risk.

Job Description:

• Ensure effective and efficient recovery of loans.
• Follow up of remittances and variances for assigned loans portfolio
• Key KPI - Collections for SMEs and Business members
• Identifying delinquent loans and sending all notices to the loanees and guarantors.
• Identifying defaulted loans and instigating recovery from guarantors/ realizing of securities in liaison with Debt Recovery Lead.
• Sending member statements
• Field/ Business visits as necessary.
• Reports: Preparing accurate and timely weekly/ monthly collection reports.
• Any other duties as may be assigned from time to time

Key Result Areas:

• Collections for assigned loans portfolio 
• Collections for SMEs and Business members
• Reconciliation and follow up of expected Vs. received remittances
• Sacco PAR and loan provision
• Debt Recovery reports