Loans Recovery Manager at Kenya Union Of Savings & Credit Co-operative Limited

Job Description

Job Reference No.   
CS/LRM/10/2020

Type of engagement

3 Years Contract (Renewable on performance)

Job Description:

• Developing, documenting, implementing and maintaining a comprehensive recovery strategy.
• Identifying, assessing and evaluating risk areas in recovery and making appropriate recommendation for improved collections of SACCO funds.
• Identifying key risks that are associated with collaterals, assessing those risks, and establishing the best practices to counter and ensure effective collections.
• Working with other players in the market with a view to enforcing recoveries from members with default.
• Preparing accurate and timely monthly reports, clearly indicating performance and delinquency levels.
• Loan default management - ensure timely collection and recovery of Society’s funds.
• Refer matters to the Co-operative tribunal process, participation and provision of required documents/ information.  
• Management of CRB listing and ensure loans are listed appropriately, information sharing and reference.
• iDebt collection management including effective allocation of accounts for debt collection, reviewing debt collection performance both internal and external and making necessary recommendations.
• Perform any other duties as assigned from time to time.

Necessary Qualifications and Skills:
 
Qualifications:

• A Bachelor’s degree in Accounting, finance or equivalent.
• Master’s degree is an added advantage.
• A professional accounting qualification; CPA (K)/ACCA/ACA/CFA and a member in good standing with ICPAK or relevant professional body.
• Comply with chapter 6 of the constitution of Kenya by obtaining necessary documentation.

Skills and Desired Qualities:

• Judgement and decision-making ability.
• Accuracy and attention to detail.
• Able to handle difficult customers with diplomacy and tact.
• d)     Knowledge and experience of working with accounting packages.

 
Experience:

• Minimum 5years relevant experience.
• Has satisfactorily served in a comparable position with similar responsibilities.