Job Openings at Kenya Union Of Savings And Credit Co - Operative Limited

Job Reference Number: PF-BDM-21/4/21

Terms: Three year contract renewable based on performance

Reports To: CEO

Job Purpose

Responsible for growing and diversifying business with a view to increasing income, growing deposits, loans and membership in order to secure the future growth and viability of the society.

Responsibilities

• Developing and implementing business growth strategies and plans
• Managing and retaining relationships with existing clients
• Conduct research to identify new markets and customer needs
• Implement strategies for Increasing client base in accordance with the strategic plan
• Management of the Sacco product portfolio including developing new products and value proposition
• Developing business proposals to potential clients and other strategic partners.
• Initiating discussions and negotiating with stakeholders in regard to new business initiatives and stakeholder satisfaction.
• Identifying, mapping and responding to strengths, weaknesses, opportunities and threats in the operating environment that may affect implementation of strategic initiatives.
• Researching business opportunities and viable income streams
• Advising the CEO on appropriate responses to industry trends locally and internationally
• Reporting on business growth successes and areas needing improvements
• Develop new staff into effective sales persons.

Qualifications and Experience

• Bachelor’s Degree in Business, economics or Finance.
• MBA or Post Graduate qualifications as an added advantage.
• Professional Qualifications in marketing.
• 5 years working experience at a senior level in a Financial Institution and preferably within the co-operative movement
• Membership of relevant professional bodies e.g. Marketing Society of Kenya e

Attributes

• 30 Years of age and above.
• Good analytical, communication, organizational and interpersonal skills
• High degree of integrity
• Excellent selling, cross-selling and relationship management skill
• Strategic thinking and results orie
• Track record of good management and development skills.
• Orientation towards business growth and development.

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Job Reference Number: PF-DR-21/4/21

Employment terms: One year renewable contract based on performance

Reports To: Credit Manager

Job Purpose

• To ensure that all approved and disbursed loans are fully repaid as per the agreed terms and conditions to prevent loss to the society due to non-repayment.
• To manage non-performing loans to preserve capital.

Duties and Responsibilities

• Monitoring society’s portfolio at risk and ensuring a performing loan book
• Ensuring timely preparation and release of demand notices to members whose loans are overdue.
• Aggressively follow up on non-performing loans
• Preparation of monthly and quarterly reports on debt recovery
• Managing all the securities registers and monitor the status of available securities.
• Discharging securities where respective members have cleared their loans as per laid down procedures.
• Extracting, confirming and transmitting CRB information to licensed Credit Reference

Bureaus.

• Manage storage and sale of repossessed collaterals
• Assigning members’ loan accounts in default to debt collectors.
• Liaise and monitor the execution of the recovery exercise by the third parties involved including auctioneers, lawyers and debt collectors
• Responding to members’ queries and complaints.
• Undertaking field visits for recovery activities
• Champion credit information sharing as may be required
• Follow up legal cases where recovery action is challenged in court
• Monitor and regulate the debt collection costs within the approved limits
• Ensure the recovery exercise fully complies with the statutory regulations and guidelines;
• Perform any other duties as may be assigned from time to time

Minimum Academic and Professional Qualifications

• Minimum of Bachelor’s degree in Finance or Accounting or any business-related field.
• Qualifications in Credit Management/Debt Collection will be a definite advantage
• A member in good standing of a relevant professional body.
• Minimum of 3 years’ experience in debt collection within the financial service industry

Knowledge and Attributes

• 28 Years of age and above.
•   Fully conversant with lending in the Kenyan business environment
• Excellent negotiation and communication skill
• Experience in working with targets and strict deadlines.
• Good planning, analytical and monitoring skills.
• Proficiency in computer applications

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Job Reference Number: PF-CM-21/4/21

Employment Terms: Three contract renewable based on performance

Reports To; CEO

Direct Reports: Credit Administrator

Job Purpose:

Oversee the growth of the Society’s loan portfolio while ensuring quality and health of the loan book is maintained.

Key Responsibilities

• Putting in place and implementing effective credit management, monitoring, collection and recovery strategies.
• Champion development and review of loan products.
• Generate loan reports to the CEO for presentation to the board.
• Identifying, assessing, and evaluating risk areas in recovery and making appropriate recommendations.
• Manage delinquent accounts to ensure that the Sacco complies with regulatory requirements.
• Implement and maintain a suitable credit management information system
• Manage the daily operations of the credit department in an efficient and effective manner. viii.   Develop, review and implement the Sacco’s credit policy.
• Ensure proper security perfection, documentation and custody.
• Ensure loan applications are reviewed and approved in line with the credit policy and the service charte
• Ensure timely disbursement of approved loans in liaison with finance department
• Preforming other duties as may be assigned from time to time.

Qualifications

• Bachelor’s Degree in Finance, Accounting, Banking, credit management or any other related.
• Professional qualifications in Credit Management (Certified Credit Professional)
• Diploma in cooperative management is an added advantage,
• Minimum of 3 years’ relevant experience in credit administration or loan management gained from working at management level in a financial institution

Attributes

• 30 years of age and above
• Orientation towards risk management
• Excellent communication and interpersonal skills. iv.          Good negotiation skills
• Be of exemplary integrity and honesty vi.     Financial analysis skills
• Analytical and critical thinking skills
• Be decisive and possess quick judgment skills ix.   Possess excellent business writing skills