Principal Credit Officer, AHB 5 (Home Allocation and Financing) at Affordable Housing Board (AHB)

Key Responsibilities

The duties and responsibilities of a Principal Credit Officer will entail:

• Developing and implementing strategies for the credit and applications department in alignment with Board goals and objectives;
• Make high-level decisions on credit approvals, rejections, or conditional approvals based on thorough evaluations and risk assessments;
• Ensuring that all credit applications, approvals, and related transactions are accurately documented and maintained;
• Liaising with legal, finance, and other relevant departments to ensure seamless processing and compliance with all necessary documentation and approvals;
• Addressing and resolving complex issues or complaints raised by applicants in a timely and professional manner;
• Analyzing the performance of the credit portfolio, including approval rates, delinquency rates, and default rates;
• Preparing and presenting detailed reports on credit activities, performance metrics, and risk assessments to the Board of Directors and other stakeholders;
• Promoting the adoption of new technologies and best practices to optimize credit operations;
• Implementing feedback from applicants, team members, and senior management and the Board of Directors to drive continuous improvement initiatives;
• Coordinating with internal and external auditors to facilitate credit audits and ensure compliance with all regulations;
• Identifying potential risks in the credit application process and developing strategies to mitigate these risks.

Requirements & Qualifications

For appointment to this grade, the applicant must have:

• Cumulative service period of nine (9) years’ relevant work experience, three (3) of which must have been at the grade of Senior Credit Officer or in a comparable position;
• Bachelor’s degree in any of the following disciplines: Banking, Finance, Economics, Commerce, Business Administration, Real Estate, or equivalent qualification from a recognized institution;
• Membership in a relevant professional body, where applicable, and in good standing;
• Management course lasting not less than four (4) weeks from a recognized institution;
• Proficiency in computer applications; and
• Fulfilled the requirements of Chapter Six (6) of the Constitution of Kenya.