Head, Remedial & Recoveries at Rose Avenue Group

Job Responsibilities

• Responsible for the review and maintenance of the Credit Remedial and Recoveries Policies, Procedures, guidelines, charters.
• Monitor and control pre 90 days Credit Portfolio throughout the Bank to ensure that asset quality is maintained and improved (PAR & Migration) to within acceptable standards.
• Overall management of non-performing debts to prevent deterioration and improve the bank’s lending asset quality.
• Control specific provisions within budget and ensure adequate levels of provisioning on all accounts in accordance with the laid down credit policies.
• Managing recovery costs within budgets.
• Compliance with the bank’s Credit/NPL Policies and CBK Prudential Guidelines on loan classification and provisioning.
• Timely submission of NPL returns to the Board and CBK.
• Formulation of exposure/recovery strategies, action plans and supervising implementation for expedited closure.
• Reduce non-performing credit through aggressive recoveries and viable restructuring thus contributing to the Bank bottom line through provisions write backs.
• Stakeholder management and participation in partnership engagement meetings/forums.
• Responsible for high staff productivity and optimum staffing with the department.
• Responsible for ensuring staff awareness is carried out on Remedial and Recoveries initiatives in order to align and yield maximum value.
• Oversight and support to subsidiaries in the management of the non-performing debts.

Other Requirements

• Bachelor’s degree in in a Business-related field from a recognized University.
• Certification in Credit Management.
• Professional certification in AKIB/CIB, CPA (K), ACCA.
• Master’s degree in a Business-related field from a recognized University is an added advantage.
• Minimum of ten (10) years in the Banking Sector with 8 years in a Credit environment of which five (5) years must be at senior management level in a Collections, Remedial & Recoveries.
• Proven Credit collections, remedial & recoveries skills.
• Proven planning, organization and execution skills
• Knowledge in SQL and data manipulation to be able to prepare dashboards and required reports to the management.
• Excellent interpersonal, communication and negotiation skills.
• Excellent writing and presentation skills
• Critical thinking and problem-solving skills
• Excellent decision-making and leadership skills
• Strong knowledge of business entity legal structures and risk rating
• Customer and Stake holder management skills
• Analytical and report writing skills
• Excellent understanding of financial statements and ratios, credit reports, personal financial statements
• Ability to work under pressure and within strict deadlines
• Entrepreneurial/Commercial mind-set
• Change management and conflict resolution skills
• Knowledge of bank lending policy and CBK prudential guidelines
• Active listening.