Vacancies at Equity Bank Kenya

Job Purpose:

The role plays a critical role in managing the credit control processes, ensuring timely collections, and optimizing cash flow for the company. Additionally, this role is responsible for providing financial analysis and insights to support business decision-making, focusing on profitability, cost control, and process improvements.

Job Responsibilities/ Accountabilities:

Credit Control Responsibilities:

• Credit Management: Oversee and manage the company’s credit control processes, ensuring timely collections from partners and clients (banks, insurance companies, etc.).
• Accounts Receivable Monitoring: Regularly monitor accounts receivable to ensure all dues are paid in a timely manner and within credit terms.
• Credit Risk Assessment: Assess the creditworthiness of clients and partners, setting appropriate credit limits.
• Collections Process: Design, implement, and optimize processes for the collection of overdue accounts while maintaining a strong relationship with business partners.
• Debt Recovery: Initiate appropriate actions for overdue debts, including liaison with external debt recovery agencies where necessary.
• Reporting: Prepare and present monthly credit control reports to senior management, detailing outstanding debts, credit risks, and collection performance Reporting.
• Cash Flow Management: Contribute to cash flow forecasting by accurately projecting collections.

Business Analysis Responsibilities:

• Financial Analysis: Analyze financial data and trends related to credit control and cash flow, providing actionable insights for decision-making.
• Cost Analysis & Control: Perform cost analysis, identifying areas for cost reduction and profitability improvement across the business.
• Budgeting & Forecasting: Assist in the preparation of the annual budget, forecast, and variance analysis, ensuring alignment with company goals.
• Performance Metrics: Develop and monitor key performance indicators (KPIs) relevant to credit control, cash management, and overall business performance.
• Business Process Improvements: Evaluate and recommend process improvements for credit control and financial operations, aiming to enhance operational efficiency.
• Reporting & Presentation: Compile and present detailed business performance reports to senior management, summarizing key trends, risks, and opportunities.
• Collaboration & Stakeholder Management:
• Internal Collaboration: Work closely with the Finance Manager, business units, and the wider finance team to support business objectives.
• Cross-functional Teams: Engage with cross-functional teams (sales, operations, etc.) to align credit control efforts with business development and growth strategies 

Qualifications

• Bachelor’s degree in Finance, Accounting, Business Administration, or a related field.
• Professional certifications such as CPA, ACCA, CIMA, or CFA are preferred.

Experience:

• 5+ years of experience in a finance or credit control role, ideally in a bancassurance, financial services, or insurance industry.
• Proven experience in credit risk assessment and management.
• Experience with financial modeling, budgeting, and performance analysis.
• Proficiency in financial analysis tools and credit control software.
• Strong knowledge of accounting principles and practices.
• Advanced Excel skills and experience with ERP systems (SAP, Oracle, etc.).
• Excellent analytical and problem-solving skills, with a focus on data-driven decision-making.
• Ability to interpret financial data and provide actionable insights.
• Strong verbal and written communication skills, with the ability to present complex information clearly.
• Ability to collaborate and build relationships with internal and external stakeholders.
• Ability to prioritize tasks, meet deadlines, and manage multiple projects simultaneously.
• Detail-oriented, with strong organizational skills.

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Job Description

The Diaspora Credit originator shall, primarily, be responsible for prospecting and conducting detailed analysis on the credit worthiness of a diaspora borrower and making a credit recommendation on whether the application should be approved or declined.

Key Responsibilities & Accountabilities

• Prospect for new diaspora loan opportunities through activities such as networking with branches for referrals and cross-selling to existing Bank clients.
• Responsible for analyzing domestic and foreign financial documents, completion of due diligence activities, negotiating loan structures, identifying, mitigating, and properly documenting risks and credit exceptions, and recommending risk ratings and exposure strategies via preparation of credit proposals.
• Present credit proposals to credit committees when called upon to do so.
• Manage individual pipeline from lead sourcing to booking. This includes partnering with other lines of business to support timely delivery of the entire credit process.
• Prepare interim and annual reviews and test covenants for large exposure accounts and communicate material changes to the relevant credit committees.
• Pre-flight complex transactions to promote a smooth beginning-to-end transaction. This includes engaging with the customer to understand their credit needs and making recommendations for the appropriate loan structure and required appraisal documents
• Train other staff members and provide support when necessary.
• Participate in the department’s team building activities.

Qualifications

Education & Qualifications – Requirements

• Experience in engaging senior executives in facilitating decision-making and reporting is required.
• A minimum of three years of SME credit experience is required with international credit experience as an added advantage.
• Strong financial, accounting, and credit skills is required.
• Bachelor’s degree from a reputable institution is required with post graduate training in financial services as an added advantage.
• Strong understanding of overall banking operations, credit policies, processes, and procedures is required.

Competencies / Attributes / Knowledge and Skills:

• Willingness to travel to regions to network with branches.
• Ability to collaborate with geographically diverse teams.
• Ability to coach, mentor, train and transfer skills to others.
• Strong negotiation skills.
• Excellent interpersonal skills and the ability to build business partnerships with teams who may not be co-located.