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  • Posted: May 24, 2021
    Deadline: Not specified
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  • The Kenya Mortgage Refinance Company (KMRC) was established as a key institution to support the Affordable Housing Pillar of the Government's Big 4 Agenda. In establishing KMRC, the Government adopted a public private partnership (PPP) arrangement with majority private sector ownership. KMRC was incorporated on 19th April 2018 as a non-deposit taking financ...
    Read more about this company

     

    Legal Officer

    Purpose of the Job

    This position is responsible for the provision of legal services in relation to litigation, contract preparation, perfection of securities and general legal advisory services to the Company.

    SCOPE OF WORK

    The Legal Officer is expected to meet the above objective, which will entail, without limitation, performing the following tasks: –

    1. Timely and accurate preparation of agreements, legal documents and other documents in relation to the Company’s business.
    2. Ensuring the efficient and proper perfection of all the Company’s securities as well as maintenance of its collateral.
    3. Review of legal reports pertaining to properties to be taken as collateral and advising on issues related to stamp duty; registration of documents, etc, as part of due diligence on the property related documentation.
    4. Providing support for company secretarial functions, including preparation of board papers, board action logs, correspondence and matters for attention in a professional and timely manner;
    5. Accountability for the safe keeping of physical and electronic records including confidential and sensitive Company documents;
    6. Resolution of complaints/claims from third parties regarding any legal dispute on collateral, loan agreements and any other legal documents.
    7. Drafting, drawing up and reviewing contracts, Service Level Agreements, Memorandum of Understanding, leases and other legal documents to ensure compliance to statutory requirements and the Company’s policies;
    8. Following up on renewals or termination of agreements;
    9. Coordinating and ensuring representation of the Company in courts or other judicial authorities – including liaising with external lawyers on the execution of assigned tasks.
    10. Conducting legal research and providing advice on legal and corporate matters to the Company through interpretation and writing legal opinions;
    11. Ensuring that Legal Audit Compliance is carried out to confirm legal compliance with national, regional and international legal, statutory and regulatory requirements;
    12. Developing and reviewing a relevant legal and regulatory framework for the better implementation of the Company’s mandate;
    13. Reviewing and providing advice on legal risk at the Company;
    14. Litigation management and reviewing progress of outstanding litigation; and
    15. Provision and interpretation of legal information, conducting of training and dissemination of relevant legal requirements to staff.

    DELIVERABLES

    The position holder is expected to perform the above-mentioned tasks on an ongoing basis during the term of the assignment, to the satisfaction of the Head of department, within the guidelines set out herein and based on best industry practices. Quarterly key performance indicators will be set for the above-named officer by the Head of department against which performance will be measured during the course of the assignment.

    The Legal Officer’s Curriculum Vitae (CV) will be evaluated taking into account the following criteria:-

    • Academic and professional qualifications;
    • Knowledge of the relevant industry/sector as well as regulatory requirements affecting the relevant sector;
    • Knowledge of the legal environment for banking and general business/commerce in Kenya;
    • Knowledge of the lending practice for financial institutions, particularly mortgage lending;
    • Ability to Plan, organize, implement and evaluate assigned goals;
    • High standards of integrity and ethical practice;
    • Ability to prioritize tasks and deliver deadlines;
    • Problem solving and decision-making abilities;
    • Effective communicator with the ability to handle both internal and external communication;
    • People management and conflict resolution skills; and
    • Knowledge in use of MS office packages.

    REPORTING MECHANISM

    The Legal officer will enter into a contract with the KMRC PLC and report to the Head of the Legal Services Department.

    DURATION OF CONTRACT

    The contract will be for a period of twelve (12) months with a possibility of renewal, based on performance.

    DATA, LOCAL SERVICES AND FACILITIES TO BE PROVIDED BY CLIENT

    KMRC PLC will provide office working space at its Headquarters in Nairobi.

    * Required Degree

    Bachelor of Laws

    PROFILE

    The ideal candidate to fill the role of Legal Officer should possess the following qualifications and experience:

    Qualification

    • A Bachelor of Law degree with a Post Graduate Diploma in Legal Studies from the Kenya School of Law;
    • Membership to the Law Society of Kenya (LSK) with a valid and current practicing certificate as an Advocate of the High Court of Kenya.

    Experience

    • A minimum of (three) 3 years demonstrated professional experience in legal practice, particularly in security perfection and review of commercial transactions.
    • Fluency in spoken and written English is essential.

    go to method of application »

    Operations Officer

    Purpose of the Job

    This position is responsible in ensuring timely and efficiency in loan administration including completeness of loan documentation, loan records and collection of all payments due from Primary Mortgage Lenders.

    SCOPE OF WORK

    The Operations Officer is expected to meet the above objective which will entail, without limitation, performing the following tasks:-

    1. Participates in the collection and review of relevant information for credit origination;
    2. Participates in the transaction checks to ensure it meets regulations, guidelines, KMRC PLC credit and operations policy at origination stage;
    3. Participate in collection of due principals, interest payments, other charges/fees and consequently inform finance department of any anomaly.
    4. Update Mortgage Refinance System with loan products and loan applications.
    5. Maintain all records on loan applications
    6. Ensure periodic review reports for all loans portfolio are done timely;
    7. Ensure timely preparations of all letter/communications in relation to the credit administration of the loans portfolio for borrowers
    8. Review performance of mortgage product, market report and KMRC PLC reviews and identify opportunities for additional business;
    9. Assist in preparation of reports and compilation of the board pack for presentation to the Board Credit Committee meeting.
    10. Ensure clients are informed of their latest credit limits as per Board approval based on computed credit limit;
    11. Participate in all back-office activities including credit and operations,
    12. Assist in the capacity building and training of the Primary Mortgage Lenders on Housing loans;
    13. Market research on key mortgage enhancements, developments and benchmarking with the other Mortgage Refinance Companies in the world.
    14. Undertake such other operations management responsibilities as may be required from time to time.
    15. Go the “extra mile” to build trust relationships, customer loyalty and satisfaction throughout the lending journey

    DELIVERABLES

    The position holder is expected to perform the above-mentioned tasks on an ongoing basis during the term of the assignment, to the satisfaction of the head of department, within the guidelines set out herein and based on best industry practices. Quarterly key performance indicators will be set for the above-named officer by the head of department against which performance will be measured during the assignment.

    The Operations Officer’s Curriculum Vitae (CV) will be evaluated taking into account the following criteria:

    • Academic and professional qualifications;
    • Financial analytical skills;
    • Credit assessment and management skills;
    • Knowledge of financial regulatory requirements;
    • Customer service skills
    • Communications skills;
    • Relations Management skills;
    • Good Microsoft Office Suite skills (Excel, Word, Outlook, Power Point);
    • Banking Process skills;
    • Risk Management skills.
    • Detail-oriented, Diligent and proactive
    • Respectful of targets and deadlines

    REPORTING MECHANISM

    The Operations officer will enter into a contract with the KMRC PLC and report to the Head of the Department.

    DURATION OF CONTRACT

    The contract will be for a period of twelve (12) months with a possibility of renewal, based on performance.

    DATA, LOCAL SERVICES AND FACILITIES TO BE PROVIDED BY CLIENT

    KMRC PLC will provide office working space at its Headquarters in Nairobi.

    * Required Degree

    Bachelor’s Degree in Business related area or its equivalent qualification

    PROFILE

    The ideal candidate to fill the role of Operations Officer should possess the following qualifications and experience:

    Qualification

    • Bachelor’s Degree in Business related area or its equivalent qualification from a recognized institution.

    Experience

    • A Minimum of three (3) years demonstrated professional experience in credit or mortgage operations in a financial services sector.
    • Fluency in spoken and written English is essential.

    go to method of application »

    Project (Strategy) Officer

    Purpose of the Job

    This position is responsible for undertaking research and review of KMRC’s Strategic Business Plans in order to support effective product improvement and development. This position is also responsible for coordination of project implementation, monitoring and evaluation of the organization’s Strategic Plan and annual corporate work plans.

    SCOPE OF WORK

    The Project/Strategy Officer is expected to meet the above objective which will entail, a without limitation, perform the following tasks: –

    1. Co-ordinate implementation of the company’s business strategies, policies, programs and projects, leading to effective research and innovation, capacity building, policy formulation and service delivery.
    2. Coordinate programs/projects forecasts, estimates and budgets in liaison with departmental heads for effective planning and implementation.
    3. Monitor and report on markets and customers from a strategic standpoint and report on short, medium and long-term trends and directions;
    4. Participate in periodic reviews of the strategy in line with external and internal, political, economic, social, environmental change drivers and report on the implications of these factors on the strategic implementation;
    5. Facilitate the alignment of corporate reporting systems and the identification of key performance indicators and high-level targets;
    6. Carry out research on the financial mortgage market to determine changing trends and identify the impact on the Company;
    7. Collect and collate macro-economic, socio-economic and fiscal data and prepare reports as necessary;
    8. Monitor, measure and report on organisational development plans and achievements within agreed formats and timescales;
    9. Coordinate the preparation and implementation of departmental work plans;
    10. Guide the development, implementation and application of modern techniques in Monitoring and Evaluation systems for Home loans’ research and capacity building programs; and
    11. Coordinate operations research and conduct surveys for additional strategic information for decision making.
    12. Undertake such other project/strategy management responsibilities as may be required from time to time.

    DELIVERABLES

    The position holder is expected to perform the above-mentioned tasks on an ongoing basis during the term of the assignment, to the satisfaction of the head of department, within the guidelines set out herein and based on best industry practices. Quarterly key performance indicators will be set for the above-named officer by the head of department against which performance will be measured during the course of the assignment.

    Project/Strategy Officer’s  Curriculum Vitae (CV) will be evaluated taking into account the following criteria:

    • Academic and professional qualifications;
    • High integrity and ethical practice;
    • Ability to work independently with minimum supervision;
    • A team player;
    • Commitment to operational effectiveness;
    • Ability to solve problems by applying relevant and innovative business solutions;
    • Ability  to work well under pressure;
    • Willingness to learn;
    • Ability to work flexible hours to achieve goals; and
    • Excellent knowledge of use of MS office packages.

    REPORTING MECHANISM

    The Project/Strategy Officer will enter into a contract with the Kenya Mortgage Refinance Company PLC and report to the respective Head of Department.

    DURATION OF CONTRACT

    The contract will be for a period of twelve (12) months with a possibility of renewal, based on performance.

    DATA, LOCAL SERVICES AND FACILITIES TO BE PROVIDED BY CLIENT

    KMRC PLC will provide office working space at its Headquarters in Nairobi.

    * Required Degree

    Degree in Economics, Statistics, Development studies, Project management and planning or equivalent qualification

    PROFILE OF THE EXPERT

    The ideal candidate to fill the role of Project/Strategy Officer should possess the following qualifications and experience:

    Qualification

    • Degree in Economics, Statistics, Development studies, Project management and planning or equivalent qualification from a recognized institution.

    Experience

    • A Minimum of three (3) years demonstrated professional experience in project management, development and/or monitoring and evaluation.
    • Fluency in spoken and written English is essential.

    go to method of application »

    Internal Audit Manager

    Department: Internal Audit

    Grade 3

    Position Reports to

    1. Audit Committee of the Board
    2. CEO (Administratively)

    Position Supervises

    Internal Audit Officer

    Purpose of the Job

    The position is responsible for Support, executing audit engagements within specified time to accomplish the internal audit plan ensuring reliability and integrity of information and compliance with policies.

    Duties and Responsibilities

    The duties and responsibilities are as follows:

    Managerial Roles and Responsibilities:

    1. Develop internal control measures and organize regular review of internal control measures;
    2. Assist in preparation of system and financial audit programmes and carrying out routine audit within the Company’s operations and activities;
    3. Recommend systems of internal controls and checks to ensure the company is compliant to all the set regulations and mitigate risks;
    4. Prepare and submit quarterly performance report with evidence of performance to the Board of Directors;
    5. Check the soundness of accounting procedures and reliability of financial records and reports;
    6. Implement the recommendations of the external auditors;
    7. Carry out audit investigations, undertaking financial, operational and investigative audits;
    8. Assist in designing, developing and updating the internal audit manual detailing audit plans;
    9. Prepare audit reports, queries and observations;
    10. Facilitate the periodic review of internal control systems to ensure their adequacy to prevent errors and irregularities;
    11. Carry out a review of accounting, financial and budgetary systems;
    12. Ascertain compliance with established, policies, plans, procedures and processes in the Company;
    13. Review and appraise the soundness, adequacy and application of accounting financial and other operating controls and promoting effective controls;
    14. Identify and document value add audit findings for discussion with management and eventual inclusion in the audit reports;
    15. Discuss the audit findings with the auditors and agree on appropriate actions for improvement to the noted short falls;
    16. Track the agreed actions and verify they have been implemented before closing the audit findings;
    17. Maintain continuous contact with the business units and where appropriate assist in addressing any emerging risks;
    18. Develop audit programs and testing procedures relevant to risk and test objectives; and
    19. Check monthly and final financial statements to ascertain their accuracy and completeness;

    Operational Roles and Responsibilities

    1. Develop and maintain a sound audit manual detailing audit practices, procedures and standards;
    2. Review automated audit work papers prepared by the audit staff to ensure sound audit theory and compliance with the department’s methodology;
    3. Determine the accuracy and reliability of accounting records by analysing systems and internal controls;
    4. Ensure audit working papers are properly prepared, referenced, reviewed and documented systematically;
    5. Prepare management reports as required;
    6. Participate in the preparation and implementation of the Strategic Plan;
    7. Review and evaluate the financial controls, systems, procedures, books of account, financial statements and periodic financial reports; and
    8. Assist in coordinating the activities of the Audit, Risk and Compliance committee in consultation with the office of the CEO.

    Perform any other duties as may be assigned from time to time.

    Key Result Areas:

    The jobholder’s accountability areas are outlined as follows:

    • Effective operational cost control and resource utilization
    • Timely implementation of control standards for services offered by the department
    • Effective supervision of employees assigned to the department
    • Enhance productivity in the department
    • Continuous process improvement of services offered by the department
    • Ensure customer satisfaction for the consumers of the services offered by the department
    • Ensure compliance to audit regulations and procedures
    • Ensure internal checks and balances in the Company’s finances
    • Ensure security of the existing financial systems
    • Development of Annual Audit Plan
    • Development of a schedule to meet the Operating Audit Plan.

    *Required Master

    Business Administration, Public Administration, Banking and Finance or equivalent qualifications

    * Required Degree

    Commerce or Business Administration (Finance or Accounting)

    Knowledge and Skills Required:

    The jobholder must possess:

    • Bachelor’s Degree in Commerce or Business Administration (Finance or Accounting) or equivalent qualifications from a recognized Institution.
    • Master’s Degree in any of the following disciplines: Business Administration, Public Administration, Banking and Finance or equivalent qualifications from a recognized Institution.
    • A Certified Public Accountants (CPA-K) and a member of good standing with the Institute of Certified Public Accountants Kenya (ICPAK) or equivalent qualifications from a recognized Institution.
    • A Certified Internal Auditor (CIA) and a member of good standing with the Institute of Internal Auditors Kenya (IIA)
    • A Certified Financial Services Auditor® (CFSA®), Certified Information System Auditor  (CISA ) or its equivalent and a member of Information Systems Audit and Control Association (ISACA) will be an added advantage;
    • A minimum of ten (10) years of relevant work experience with a minimum five (5) years auditing experience in a senior position.
    • Ability to understand and document workflows and business processes
    • Knowledge and effective application of all relevant banking policies, processes, procedures and guidelines to achieve consistently, required compliance standards or benchmarks.
    • Organized, able to work both independently or in a team setting.
    • Ability to identify solutions that effectively address business and control needs.
    • Interpersonal skills for effective communication of audit results to functional heads and other    stakeholders.
    • Must have demonstrated ability to handle departmental budgets, resources, processes, projects and relationships.
    • Should have thorough knowledge of the relevant industry/sector as well as knowledge of regulatory requirements affecting the relevant sector.
    • Must have ability to plan, organize, implement and evaluate departmental goals;
    • Must demonstrate ability to handle multiple and conflicting priorities, and work under strict deadlines.
    • Should have strong analytical and be result oriented
    • Must have high standards of integrity and ethical practice
    • Must be capable of functioning effectively both as a team player and a team leader
    • Must have management and Leadership skills
    • Must have ability to accurately plan work assignments, prioritize tasks and deliver deadlines
    • Should demonstrate ability to identify and respond to risk areas within the department
    • Should have effective people management and conflict resolution skills
    • Must have knowledge in use of MS office packages

    go to method of application »

    Accountant

    Purpose of the Job

    This position is responsible for ensuring effective and efficient preparation and maintenance of financial reports, accuracy of financial documents as well as compliance with relevant standards, laws and regulations.

    SCOPE OF WORK

    The Accountant is expected to meet the above objective which will entail, without limitation, performing the following tasks:-

    1. Prepare and maintain the company’s books of accounts to facilitate production of timely and accurate financial statements and reports for management decision making as well as for external reporting in accordance with applicable financial reporting framework and in line with the requirements of the Public Finance Management Act 2012, regulatory requirements and the National Treasury guidelines issued from time to time;
    2. Ensure integrity of financial transactions and compliance with all relevant policies, guidelines and procedures for all financial reporting;
    3. Ensure that reports to the regulators, the National Treasury and other partners are submitted within the stipulated timelines;
    4. Ensure compliance with financial regulations, policies, strategies and plans;
    5. Review all information collected for the preparation of the general ledger on a regular basis to ensure its accuracy and completeness;
    6. Prepare monthly, quarterly and annual financial progress reports for the department and forward for approval, to ensure informed decisions are made within the Company in a timely manner;
    7. Reconciliation of account payables and receivables on a timely basis;
    8. Ensure that all transactions comply with accounting standards and regulatory requirements;
    9. Ensure financial issues and enquiries are addressed from internal and external customers to ensure satisfactory services;
    10. Ensure internal checks are carried out to guarantee effective and efficient accounting practices;
    11. Coordinate revenue collection and analyse expenditures of approved budgets to ensure the prudent use of available funds of the Company;
    12. Ensure application of sound principles, systems and techniques in accounting for effective and efficient use of finances and assets;
    13. Participate in preparation of reports regarding internal and external audits to ensure accurate information on annual statements is correctly projected;
    14. Validation and verification of payments for accuracy and accountability;
    15. Reconcile bank and trial balance accounts on a timely basis;
    16. Review controls around finance processes to ensure adequate controls are in place;
    17. Assist in the preparation of annual budgets; and
    18. Undertake such other financial management responsibilities as may be required from time to time

    DELIVERABLES

    The position holder is expected to perform the above-mentioned tasks on an ongoing basis during the term of the assignment, to the satisfaction of the head of department, within the guidelines set out herein and based on best industry practices. Quarterly key performance indicators will be set for the above-named officer by the Head of department against which performance will be measured during the course of the assignment.

    An Accountant’s Curriculum Vitae (CV) will be evaluated taking into account the following criteria:

    • Academic and professional qualifications;
    • Knowledge of Public Financial Management Act, IFMIS and payment processes, IPSAS-International Public Sector Accounting Standards, International Accounting Standard and IFRS-International Financial Reporting Standards;
    • Good communication skills;
    • Knowledge in conflict management and problem-solving skills; and
    • Organizational and sound interpersonal skills and can work under pressure.

    REPORTING MECHANISM

    The Accountant will enter into a contract with the KMRC PLC and report to the Head of the Department.

    DURATION OF CONTRACT

    The contract will be for a period of twelve (12) months with a possibility of renewal, based on performance.

    DATA, LOCAL SERVICES AND FACILITIES TO BE PROVIDED BY CLIENT

    KMRC PLC will provide office working space at its Headquarters in Nairobi.

    * Required Degree

    Degree in Commerce (Accounting or Finance Option), Economics, Administration and Business Management or its equivalent qualification

    PROFILE

    The ideal candidate to fill the role of an Accountant should possess the following qualifications and experience:

    Qualification

    • Bachelor’s Degree in Commerce (Accounting or Finance Option), Economics, Administration and Business Management or its equivalent qualification from a recognized institution;
    • Knowledge of accounting principles and practices and the financial markets would be required.

    Experience

    • A minimum of three (3) years demonstrated professional experience in providing accountancy in a financial service sector;
    • Fluency in spoken and written English is essential.

    Method of Application

    Use the link(s) below to apply on company website.

     

    Note: Never pay for any training, certificate, assessment, or testing to the recruiter.

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