Senior Credit Administration Officer at Caritas MFB

JOB PURPOSE

To maintain the quality of credit facilities advanced by ensuring credit documentation is enforceable and the bank’s interests in collateral held are secured and ensure that borrowers meet their contractual obligations as stipulated in loan contracts.

KEY RESPONSIBILITIES AND ACCOUNTABILITIES

1. Disbursement of loans according to the approved terms ensuring that all loan account balance, commissions, and interest are properly calculated.
2. Preparation of management reports as well as periodic returns to Central Bank of Kenya and credit reference bureaus
3. Preparation of timely and accurate facility offer letters and return of the same from customers in liaison with the Account Relationship Managers
4. Manage loan migration by ensuring zero arrears on all performing (Normal & Watch) credit Facilities.
5. Maintain an up-to-date register for all securities including valuations and insurances, and their maintenance in the banking system as well as safe custody of the same as per the control procedures
6. Collection of loan related fees and commissions for all loans.
7. Coordination of submission of loan clearance certificates by customers for loans incases of loan take overs.
8. Preparation of the loan disbursement reports
9. Preparation of scheme loan disbursement reports for payroll booking with respective employers.
10. Management of Loan Files after loan disbursement
11. Management of a database of all loans received into the department
12. Analyze credit propositions as allocated and recommend for approval
13. Reviewing assigned files for compliance of the approval conditions
14. Assess temporary credit requests and recommend for approval
15. To perform any other duty as assigned in line with the organization goals and objectives

MINIMUM QUALIFICATIONS AND EXPERIENCE

1. Holder of bachelor’s degree in a business-related field (Must)
2. MBA in business-related field will be an added advantage
3. 4 years working experience in credit administration in a banking environment (Must)
4. Professional banking qualifications will be added advantage
5. Knowledge of lending products and prudential guidelines.
6. Ability to lead teams and deliver business results.
7. Must be self-driven; possess excellent administrative, communication and interpersonal skills, strong organization, and negotiation skills.