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  • Posted: Mar 15, 2022
    Deadline: Not specified
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    KDIC is a statutory institution established under the Kenya Deposit Insurance Act, 2012 (KDI Act, 2012). The Corporation is mandated to provide a deposit insurance scheme for customers of member institutions, to provide incentives for sound risk management and generally promote the stability of the financial system and prompt resolution.
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    Officer, Resolution

    Key Responsibilities

    Operational Responsibilities

    • Regular following of the assigned borrowers’/ debtors’ files to ensure loans outstanding in banks/ financial institutions in liquidation are paid as negotiated;
    • Providing historical information required on long outstanding contentious debts to facilitate negotiations for amicable settlement;
    • Capturing all payments by the debtors/ borrowers in a timely and accurate manner in the Corporation Enterprise Resource Planning System;
    • Reviewing the existing loan portfolio to identify cases that can be resolved through Alternative Dispute Resolution Mechanisms and making recommendations to the management for review;
    • Compiling information relating debtors’/ borrowers for submission to Credit Reference Bureaus (CRB) in accordance with the law;
    • Preparing a maturity analysis report for the existing investment portfolio of Surplus funds held by institutions in liquidation for cash flow management planning;
    • Providing supporting documents for ongoing court cases to aid in legal recovery of litigated debts;
    • Initiating requests to procure services of valuers and auctioneers to facilitate realization of assets through public auctions for approval by immediate supervisor;
    • Issuing of instructions to valuers, auctioneers, Advocates and debt collectors to carry out Asset recovery services as per the engaged terms;
    • Following up with the engaged service providers (Valuers, auctioneers debt collectors and private investigators) to ensure the process of asset realization is conducted in a seamless manner;
    • Preparation of the documents required to assist in releasing of securities for fully paid-up loans/ debts;
    • Compiling a report of all contingent liabilities of the banks/ financial institutions in liquidation and monitoring crystallization;
    • Maintaining records of all preserved assets for the assigned institutions in liquidation for the benefit of depositors and creditors;
    • Identifying and advising the investigations department on assets to be preserved and providing the supporting documents to aid the preservation process;
    • Preparing proposals on negotiations by debtors to resolve long outstanding debts for management consideration and approval;
    • Receiving and acknowledging depositors’ claims submitted for payments and checking for completeness to ensure timely payments in compliance with customer service Charter;
    • Preparation of draft public notices for approval inviting depositors and creditors to lodge claims for payments in compliance with statutory guidelines;
    • Preparing of statutory returns for filing with the Registrar of Companies in compliance with KDI ACT 2012; and
    • Providing the secretariat services in the process of documenting resolution experiences of fully wound institutions as part of knowledge management and sharing for the corporation.

    Job Competencies

    Academic qualifications

    • Bachelor’s degree in any of the following disciplines: Commerce, Finance, Economics, Business Administration from a recognized institution

    Work experience

    • 2 years relevant working experience in preferably in Banking, Financial Management Credit Administration, Conveyancing, Litigation, Asset Management & Tracing.

    Functional Attributes

    • Communication skills
    • Analytical skills
    • Proficiency in computer application skills
    • Interpersonal skills
    • Report writing skills
    • Budgeting skills
    • Time management skills

    Closing Date Friday, April 1, 2022 – 23:59

    Method of Application

    Interested and qualified? Go to Kenya Deposit Insurance Corporation on www.teamiq.com to apply

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