Senior Special Assets Manager at Equity Bank Kenya

The Senior Special Assets Manager will play a key role in the success of the Group’s management of problem accounts with a specific focus on exposures above $ 500,000 (USD Five hundred thousand only). The Senior Special Assets Manager ensures that the high-risk portfolio is well managed to mitigate against potential provisions and achieve write backs on where provisions have been booked in the Banks’ books. The role holder shall primarily be responsible for strategy setting, financial analysis, monitoring, preparation of board documentation of the department's loan portfolio.

They must be well versed on matters pertaining to turning around accounts as well as recovery strategies and processes where customers have defaulted.

Job Responsibilities/ Accountabilities:

• The Senior Special Assets Manager shall primarily be responsible for strategy setting, financial analysis, review of credit paper/strategy memo preparation and documentation of the department's loan portfolio.
• The role holder will primarily be responsible for the recovery and collection of a portfolio of Non-Performing Loans and ensure the bank gets back monies owed
• Responsible for meeting the bank’s recovery/collections target through individual targets assigned.
• Responsible for interpreting and analysing interim and annual financial statements.
• Liaise with Special Assets Managers and Assistant Special Assets Managers to ensure accurate covenant testing and monitoring.
• In conjunction with the relationship teams, acts as the primary contact between the Bank and customer.
• Attend customer visits and meeting and Manage relationships with external service providers with third party vendors such as monitoring agents, consultants, liquidators, executors, sheriffs, messengers of court, accountants, receivers, judicial managers, valuers, external lawyers etc.
• Progress the recovery of debts on classified corporate accounts and ensure their compliance with local regulatory requirements and the bank’s internal procedures.
• Monitor and delegate appropriate duties to members in the team.
• Responsible for negotiating and communicating the appropriate loan restructure to customers.
• Support Head of Special Assets when necessary.
• Meet the department's learning e-learning and training goals.
• Participate in the department's team building activities.

Qualifications

Key Critical Competencies:

• Good credit risk skills
• Good negotiations skills
• Good relationship management skills
• Strong analytical and numerical skills
• Strong communication and report writing skills
• Experience of dealing with senior management of corporate entities
• Good knowledge of the local legal system, insolvency law and security issues, and the options available to the Bank in debt recovery.
• Strong team leadership skills with good team performance management ability
• Strong planning, coordination, and time management skills
• A minimum of five years of relevant management special assets/recoveries in the corporate segment is required.
• Knowledge and understanding of Cash flow lending required.
• Ability to manage deals simultaneously.
• Clear and concise communication skills.
• Excellent interpersonal skills
• Ability to coach, mentor, train, and transfer skills to others.
• Experience in engaging senior executives in facilitating decision-making and reporting.
• Strong understanding of overall banking operations, systems, and processes.
• Strong negotiation skills.
• Willingness to travel.

Academic Qualifications and Competencies:

• A university degree in a Business-related field. A Masters’ Degree will be an added advantage.
• A minimum of 7 years’ experience in special assets Management, corporate recoveries, financial advisory, Turnaround management, corporate relationship management & sound credit analysis.
• Experience in engaging C-level management and senior executives in facilitating decision-making and reporting.
• Experience in cross boarder /regional management of distressed credit portfolio within East African community will be an added advantage
• Any professional qualifications related to credit, business recovery and turning around accounts
•  Experience in working in banking environment will be an added advantage