Job Opportunities at Equity Bank Kenya

Description

• Equity Bank is one of the region’s leading banks whose purpose is to transform the lives and livelihoods of the people of Africa socially and economically by availing them modern and inclusive financial services that maximize their opportunities. With a strong footprint in Kenya, Uganda, Tanzania, Rwanda, South Sudan and DRC Congo, Equity Bank is now home to over 12 million customers - the largest customer base in Africa. Currently the Bank is seeking additional talent to serve in the role outlined below.

Job Purpose

• The Assistant 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 Assistant Manager Special Assets 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 Assistant Manager Special Assets shall be responsible for monitoring the department's loan portfolio and ensuring customers' compliance with the set loan conditions and covenants.
• Be a member of the Group Special Asset Management team with responsibility for supporting the Senior Special Asset Manager in the delivery of turnaround strategies to a portfolio of predominantly Mid Corporate customers experiencing financial stress and recovery action
• Reporting to the Senior Special Asset Manager, the jobholder is responsible for assimilation of all portfolio documentation in the recovery files.

Job Responsibilities/ Accountabilities:

• Jobholder will primarily be responsible for issuance of demand letters & statutory notices to customers. Issuance of Valuation, Repossession & Auction instructions to proffessionals plus processing of recovery costs
• Jobholder will also be responsible for maintenance of client visit/meetings records, insurances, rates & rates records, plus soft copy records of all Letters of Offers, Demands, Security Documents and client information.
• Monitoring covenants and document material financial changes and covenant defaults.
• Monitoring account conduct and timely payment of facilities.
• Manage daily, weekly, and monthly reports.
• Completion of credit reference bureau checks.
• Checks and due diligence activities.
• Liaising with clients to collect financial and supporting documents.
• Liaising with the Senior Managers  to  ensure  timely submission  and  approval  of  memos,  interim  reviews,
• annual reviews, and Special Assets Board Papers.
• Interpreting and analysing interim and annual financial statements.
• Liaising with Senior Special Assets Managers to ensure accurate covenant testing and monitoring.
• Identifying, mitigating, and properly documenting risks and policy exceptions, recommending risk ratings and exposure strategies.
• Attending customer visits and meeting with third party vendors such as monitoring agents, consultants, and external lawyers.
• Documenting, sending, and archiving hard copy letter communications to the customer.
• Following up on receipt of signed offer letters and other required loan approval documents from the customer.
• Ensuring that all approval conditions are met in a timely manner.
• Liaising with internal customers/stakeholders to support timely delivery of the credit process.
• Support the Senior Special Manager with all the administration and operational work in the portfolio
• Complete special projects when assigned.
• Ensure that all required management information on the portfolio is accurate and submitted in a timely manner
• Monitor, collate and analyse financial information and identify/highlight any areas that require further investigation
• Ensure availability of facility contracts and charged securities are maintained through regular valuations, insurance cover, rates and rents as required for enforceability purposes.
• Maintain accurate diary system to ensure maintenance and control actions are undertaken in a timely manner.
• Meet the department's learning e-learning and training goals.

 
Qualifications

Key Critical Competencies:

• Good credit risk skills
• Good relationship management skills
• Strong analytical and numerical skills
• Strong communication and report writing skills
• Good knowledge of Microsoft Excel and other spreadsheet/database applications
• Strong planning, coordination, and time management skills
• Proficiency in use of internal IT systems.
• A minimum of five years of relevant management special assets 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
• Strong understanding of overall banking operations, systems, and processes.
• Strong negotiation skills.
• Willingness to travel.
• Experience of working under pressure and with very little supervision
• Great attention to detail.

Academic Qualifications and Competencies:

• A university degree in a Business-related field.
• Previous experience in turning around accounts, recoveries and portfolio management experience.
• Any professional qualifications related to credit, business recovery and turning around accounts.

go to method of application »

Description

• Equity Bank is one of the region’s leading banks whose purpose is to transform the lives and livelihoods of the people of Africa socially and economically by availing them modern and inclusive financial services that maximize their opportunities. With a strong footprint in Kenya, Uganda, Tanzania, Rwanda, South Sudan and DRC Congo, Equity Bank is now home to over 12 million customers - the largest customer base in Africa. Currently the Bank is seeking additional talent to serve in the role outlined below.

Job Purpose

• The 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 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 Special Assets Manager shall be primarily responsible for monitoring the department's loan portfolio and ensuring customers' compliance with the set loan conditions and covenants.

Job Responsibilities/ Accountabilities:

• 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.
• Monitoring covenants and document material financial changes and covenant defaults.
• Monitoring account conduct and timely payment of facilities. 
• Completion of credit reference bureau checks.
• Checks and due diligence activities.
• Liaising with clients to collect financial and supporting documents.
• Liaising with the Senior Managers to ensure timely submission and approval of memos, interim reviews, annual reviews, and Special Assets Board Papers.
• Interpreting and analyzing interim and annual financial statements.
• Liaising with Senior Special Assets Managers to ensure accurate covenant testing and monitoring.
• Identifying, mitigating, and properly documenting risks and policy exceptions, recommending risk ratings and exposure strategies.
• In conjunction with the relationship teams, acts as the primary contact between the Bank and customer.
• Attending customer visits and meeting with third party vendors such as monitoring agents, consultants, and external lawyers.
• Documenting, sending, and archiving hard copy letter communications to the customer.
• Following up on receipt of signed offer letters and other required loan approval documents from the customer.
• Ensuring that all approval conditions are met in a timely manner.
• Liaising with internal customers/stakeholders to support timely delivery of the credit process.
• Support the Head of Special Assets when necessary.
• Complete special projects when assigned.
•  Meet the department's learning e-learning and training goals.
• Participate in the department's team building activities.

 
Qualifications

• Good credit risk skills.
• Good negotiations and relationship management skills.
• Strong analytical and numerical skills.
• Strong communication and report writing skills.
• 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.
•  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 five years of banking experience in turning around accounts, recoveries and portfolio management experience.
• Any professional qualifications related to credit, business recovery and turning around accounts.
• Experience in working in banking environment will be an added advantage. 

go to method of application »

Description 

• Equity Bank is one of the region’s leading banks whose purpose is to transform the lives and livelihoods of the people of Africa socially and economically by availing them modern and inclusive financial services that maximize their opportunities. With a strong footprint in Kenya, Uganda, Tanzania, Rwanda, South Sudan and DRC Congo, Equity Bank is now home to over 12 million customers - the largest customer base in Africa. Currently the Bank is seeking additional talent to serve in the role outlined below.

Job Purpose

• Portfolio Analyst 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).
• Portfolio Analyst will support in ensuring that all the management portfolio information relating to 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.
• Portfolio Analyst shall be responsible for monitoring the department's loan portfolio and ensuring data, reports compliance with the team’s objectives and to respond to all routine and ad hoc information requests.
• Be a member of the Group Special Asset Management team with responsibility for supporting the department in the delivery of turnaround strategies to a portfolio of predominantly corporate customers experiencing financial stress and recovery action.
• Reporting to the Group Director, Legal, the jobholder is responsible for assimilation of all portfolio data across all relevant business units.

Job Summary

• Responsible for identifying and executing on continuous improvement opportunities, reporting, and updating the knowledge management system.
• Oversee and conducts the conversion of data into insights that will lead to informed business decisions. Works directly with stakeholders within the assigned departments.
• The MI/BI Analyst will have to handle multiple simultaneous tasks, prioritize tasks, and remain functional under aggressive timelines. Skilled in programming (data query).
• Stakeholder, data warehousing and reporting engagements which translates stakeholder information needs to data sourcing and display/communication.
• Optimize suboptimal existing reporting processes.

Job Responsibilities/ Accountabilities:

• Jobholder will primarily be responsible for the Group Special Assets (Kenya & Subsidiaries) departments Management Information.
• Portfolio Analyst to develop and report financial and other performance measures (metrics) required by the Group Special Asset Team Function e.g., the weekly, the Monthly Business review Pack, Board papers, Country Management Pack etc.
• To monitor actual performance against target and to Analyse variances and make presentations.
• To produce reports that enable the identification options for improved financial performance and cost reduction for the portfolio.
• To support the team - in the production and review of all reports and collation of all data from different business units.
• To provide an updated weekly, monthly, quarterly and annual forecast of performance against budget.
• To review the financial business case for all investment projects undertaken by your business and to monitor benefits by gathering data and calculating costs, benefits, and post implementation review.
• To provide support and analysis on a range of technical issues in connection with the Financial and Management Accounts e.g., variance/trend analysis (actuals v budget) makeup of specific product lines etc.
• Undertake key elements of strategic management activity, involving the identification of how value is created, destroyed, and driven in the function.
• To support the business in Medium Term Planning/Short Term Planning processes.
• Possesses a broad and comprehensive understanding of modelling and commercial drivers underpinning financials.
• Build and maintain solid relations with senior managers and acts as the key interface between the group special asset management team function and all other relevant subsidiary teams.      
• Manage daily, weekly, and monthly reports.
• Complete special projects when assigned.
• Ensure that all required management information on the portfolio is accurate and submitted in a timely manner
• Meet the department's learning e-learning and training goals.
• Participate in the department's team building activities.
• Maintain the integrity of the MI Process with detailed review and data cleansing to ensure all data and reports in the portfolio are accurate, current, complete and consistent.
• Review processes, suggest and implement improvements and solutions
• Ensure reports are completed within the specified requirements and the agreed SLAs and ensuring the requestor understands any limitations.
• Prioritization of regular and ad hoc reporting to satisfy all the stakeholders.
• Provide cover for other members of the team when required

 
Qualifications
 
Key Critical Competencies:

• Excellent analytical, numerical skills and problem-solving skills
• Excellent communication and report writing skills
• Strong planning, coordination, and time management skills
• Proficiency in use of internal IT systems.
• A minimum of five years’ experience as an analyst in the corporate segment or equivalent is required.
• Ability to manage deals simultaneously.
• Excellent interpersonal skills
• Strong understanding of overall banking operations, systems, and processes.
• Experience of working under pressure and with very little supervision
• Excellent Data manipulation skills in Advanced Excel, power point and other spreadsheet/database applications with presentation brilliance of complex multi-dimensional data and excellent use of data science intelligence and analytics tools and software’s
• A self-motivated, logical and organised approach
• A flexible and proactive approach with the ability to work under the pressure of deadlines
• Excellent attention to detail
• To be a reliable team worker with the ability to work on own initiative where required
• Understanding of the constraints of using sensitive and confidential data
• Understanding of basic data warehousing concepts (Querying, table relationships etc.)
• Analytical tools e.g SAS, SQL, CA, Workload Automation (WADE), Power BI etc.
• Systematic Reasoning
• Analytical thinking
• Interpretation of analytical results and translating them into management information.

Preferred Education 

• Bachelor’s Degree in business, Commerce, and Management Studies and/or Computer Sciences, Information Management and/or BMI.

Academic Qualifications and Competencies:

• Experience in working in banking environment will be an added advantage
• Business Degree in Business, Commerce and Management Studies and or Computer Science, Information Management and or BMI or equivalent NQF level 7 or higher qualification.
• At least five (5+) years analytics, modelling, or software development experience.
• Understanding of and experience of applying machine-learning methods preferable.
• Understanding and experience of using Big Data technologies preferable.
• Experience in building analytical tools to generate insight, recognize patterns and predict behaviour ad to delivery content direct to users of data products.
• Work with technical teams, architects, designers and administrators to overcome technical challenges and to make it happen.
• Experience in leading key initiatives to deliver results through agile methodology.
• Proficient in MS Office (Word, Excel, PowerPoint, and Outlook) and the internet

go to method of application »

Description 

• Equity Bank is one of the region’s leading banks whose purpose is to transform the lives and livelihoods of the people of Africa socially and economically by availing them modern and inclusive financial services that maximize their opportunities. With a strong footprint in Kenya, Uganda, Tanzania, Rwanda, South Sudan and DRC Congo, Equity Bank is now home to over 12 million customers - the largest customer base in Africa. Currently the Bank is seeking additional talent to serve in the role outlined below.

Job Purpose

• 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 analyzing 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.
• Complete special projects when assigned.
• Meet the department's learning e-learning and training goals.
• Participate in the department's team building activities.

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
• 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.
• Good knowledge of the local legal system, insolvency law and security issues, and the options available to the Bank in debt recovery.

 
Qualifications

• A university degree in a Business-related field. A Masters’ Degree will be an added advantage.
• A minimum of five years of banking experience in turning around accounts, recoveries and portfolio management experience.
• Any professional qualifications related to credit, business recovery and turning around accounts.
• Experience in working in banking environment will be an added advantage.