Latest Jobs at Old Mutual

Introduction

Working closely with the Collections Manager, he/she will ensure compliance with internal credit policies and procedures, best practices and CBK prudential guidelines to facilitate management of credit risks within tolerable levels. The Job holder will ensure that ALL approved and disbursed loans are full repaid as stipulated in the terms and conditions to prevent loss to the institution.

Job Specification

Minimum Requirements.

• Business related Degree
• 2 years' experience in credit and debt collection
• Knowledge in credit management is an obvious advantage
• Proficiency in T24 skills
• Capacity and willingness to work for long hours and within strict deadlines
• Excellent interpersonal skills
• High degree of confidentiality
• Analytical mind
• Knowledgeable on the Financial services sector
• Assertive
• Honest
• Highly organised
• Creative and Innovative
• Proactive and fast decision maker
• Physically fit and versatile and able to work on a computer for long hours

KEY MEASURABLE GOALS

• Ensure the PAR is maintained within the institutional targets.
• Ensure prompt realization of loan securities.
• Ensure high TAT on insurance claims processing.
• Adherence to internal credit policies and loan administration procedures regarding collections.
• Ensure the recoveries against write-offs target is achieved

KEY RESPONSIBILITIES

• Ensure one day arrears management for all disbursed loans
• Record and maintain a track of all the recovery progress for all loans in arrears
• Prepare weekly arrears reports for all the branches and follow with them to ensure full repayment.
• Prepare demand letters and ensure that they are forwarded to the defaulting customers.
• Prepare debt collection instructions to external service providers to facilitate recover as per the debt recovery guidelines.
• Prepare reports and make recommendations on bad debts to be written-off to the management for approval.
• Processes and maintain an updated register on loan related insurance claims and ensure prompt reimbursement.
• Monitor debt collection response cycles and contacts as well as credit control performance
• Manage resource scheduling and the determination of priority of work and procedures to maximize production output and success levels.
• Report and monitor all risks associated with debt recovery
• Generate compliance reports for use in decision making and performance appraisals
• Do any other duties that may be assigned by the Management.

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Introduction

This position is responsible for the Human Capital Management Information System (HCMIS), payroll management, staff loans administration, medical administration, pension management & support services.

Minimum Requirements...

• Degree in HRM or Business related field.
• Professional course - Higher National Diploma/CHRP.
• Over 4 years' experience in payroll management.
• CPA qualifications required.
• Strong leadership and management skills.
• Ability to work independently and build effective interpersonal relations.
• Strong Business acumen.
• Working long hours / willingness to and ability to travel.
• Professionalism in dealing with both internal and external customers.
• Excellent organization skills.
• Attention to detail.
• Focus on the client.
• Creativity.
• High integrity.
• Great communication skills
• Proficiency in use of computer programs.

Job Specification.

• Payroll Processing
• Ensures that the entire payroll is processed accurately and on time including payment for wages, bonuses, commissions, and other company benefits.
• Maintains the payroll journal and summaries and ensures disbursements are properly recorded, loan recoveries and other check-off payments.
• Timely remittance of statutory deductions.
• Processing of salary advances and staff loans processing.
• Performs internal payroll audits and prepares documents for various audits and prepares required government reports and drafts responses to related inquiries.
• Stays abreast of the ever-changing payroll tax laws and ensure compliance.
• Responsible for the integrity of the staff records in the Human Capital Management System.
• Calculation and processing of terminal benefits payments.
• Reconciling payroll related GL accounts.
• Accurate payroll reporting to meet internal and statutory obligations.
• Timely processing of pension (new members into scheme & deductions in payroll).
• HC System Data Maintenance
• HC System data entry and update for accurate report generation such as new staff entrants, dependants, leave records, qualification and training, referees etc.
• Ensure all employees' data as captured in the HCMIS is accurate, properly captured and generate all relevant monthly HC Reports.
• Promptly remove exited staff or those whose contracts lapse from payroll to ensure no erroneous payments.
• Manage staff transfers and promotions within the system.
• Ensure integrity of HC system data and that the originating documents are properly filed.
• Ensure security of all HC/Payroll data through enforcement of procedures and standards.
• Ensure the accuracy of all payroll reports and extracts, and compile data for analysis.
• Pension Administration
• Building and maintaining relationships with key internal and external stakeholders including scheme administrators.
• Maintain proper & accurate pension records.
• Ensure new staff are timely placed on pension scheme upon confirmation.
• Processing of pension claims for exited staff.
• Staff Loans Processing & Administration
• Manage the full cycle in processing staff loans.
• Timely feedback to staff in relation to their loan applications.
• Ensure high level of confidentiality is maintained during the process.
• Proper tracking of staff loans.
• Administration of Insurance schemes and Welfare benefits.
• Medical Administration
• Liaise with staff insurance providers to ensure staff records are up to date and resolve any staff queries and requests regarding these services.
• Ensure accurate medical records are maintained.
• Ensure timely renewal of staff medical cover.
• Ensure new staff are timely placed on medical scheme upon confirmation.
• Ensure exited staff are timely reported to the insurer.
• Prepare quarterly reconciliation reports.
• Reporting
• The job holder will be in charge of the following monthly reports:
• OMA reports
• Payroll reports
• Statutory reports
• 5. Bankwide AML, KYC & CFT
• Monitor, on a continuous basis, all transactions to ensure that unusual and suspicious transactions are reported to the Money Laundering Reporting Officer (MLRO).
• Implementing and enforcing the board approved AML, KYC & CFT policy in as far as is applicable within his/her area of responsibility.
• Any other duties as may be assigned from time to time.

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Introduction

Working closely with the Senior Credit Analyst – Retail, he/she will ensure compliance with internal credit policies & procedures and facilitate prudent management of credit risks while ensuring compliance with the CBK prudential guidelines.

Minimum Requirements...

• Business related degree
• CPA 2 would be an added advantage
• 1 year experience in credit analysis in a Retail Lending environment, debt collection and recovery
• Knowledge of alternative credit appraisal mechanisms and substitute securities like chattels mortgages, guarantors, stock, livestock etc
• Knowledge in accountancy an obvious advantage
• Entrepreneurial thinking and experience
• Passion and experience in dealing with low income communities
• Capacity and willingness twork for long hours and within strict deadlines
• Excellent interpersonal skills
• High degree of confidentiality
• Analytical mind
• Knowledgeable on the Financial services sector
• Assertive
• Fast in decision making
• Honest
• Highly organized
• Creative and Innovative
• Proactive
• Good team player
• Physically fit and versatile and able twork on a computer for long hours

Job Specification

KEY MEASURABLE GOALS

• Management of credit risks through analysis and recommend retail loan approvals for facilities within the Institutions tolerable risk levels
• Adherence tinternal credit policies and loan administration procedures
• Ensure that the PAR of the Retail Portfoliis within target
• Ensure high turnaround time (TAT) for all retail proposals

KEY RESPONSIBILITIES

• Analyze the Retail credit requests against the retail lending guidelines as a basis for making approval / decline recommendations.
• Verify Compliance tretail lending policy requirements through inspection of ability tpay, fulfillment of retail MOU requirements and proper documentation tensure credit risk is adequately mitigated.
• Review existing retail relationships and making recommendations tthe management taid quality retail lending.
• Prepare draft board papers for review of any retail lending product facilities and guidelines for further review and further approval by the management.
• Follow up with the branches tensure fulfillment of ALL Retail MOU sanction conditions and other covenants prior tdisbursement of the facilities.
• Recommend policy reviews for customer service and risk management improvement based on experiences and industry trends.
• Dany other duties that may be assigned by the Management.

go to method of application »

Introduction

Working closely with the Senior Credit Analyst – Retail, he/she will ensure compliance with internal credit policies & procedures and facilitate prudent management of credit risks while ensuring compliance with the CBK prudential guidelines.

Minimum Requirements

• Business related degree
• CPA 2 would be an added advantage
• 1 year experience in credit analysis in a Retail Lending environment, debt collection and recovery
• Knowledge of alternative credit appraisal mechanisms and substitute securities like chattels mortgages, guarantors, stock, livestock etc
• Knowledge in accountancy an obvious advantage
• Entrepreneurial thinking and experience
• Passion and experience in dealing with low income communities
• Capacity and willingness twork for long hours and within strict deadlines
• Excellent interpersonal skills
• High degree of confidentiality
• Analytical mind
• Knowledgeable on the Financial services sector
• Assertive
• Fast in decision making
• Honest
• Highly organized
• Creative and Innovative
• Proactive
• Good team player
• Physically fit and versatile and able twork on a computer for long hours

Job Specification.

KEY MEASURABLE GOALS

• Management of credit risks through analysis and recommend retail loan approvals for facilities within the Institutions tolerable risk levels
• Adherence tinternal credit policies and loan administration procedures
• Ensure that the PAR of the Retail Portfoliis within target
• Ensure high turnaround time (TAT) for all retail proposals

KEY RESPONSIBILITIES

• Analyze the Retail credit requests against the retail lending guidelines as a basis for making approval / decline recommendations.
• Verify Compliance tretail lending policy requirements through inspection of ability tpay, fulfillment of retail MOU requirements and proper documentation tensure credit risk is adequately mitigated.
• Review existing retail relationships and making recommendations tthe management taid quality retail lending.
• Prepare draft board papers for review of any retail lending product facilities and guidelines for further review and further approval by the management.
• Follow up with the branches tensure fulfillment of ALL Retail MOU sanction conditions and other covenants prior tdisbursement of the facilities.
• Recommend policy reviews for customer service and risk management improvement based on experiences and industry trends.
• Dany other duties that may be assigned by the Management.

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Introduction...

Working closely with the Senior Credit Officer-Securities Perfection, he /she will ensure compliance with internal credit policies and procedures, best practices and CBK prudential guidelines to facilitate management of credit risks within tolerable levels.

Minimum Requirements...

• Business related Degree
• 2 years' experience in credit and debt collection.
• Knowledge on Laws relating to banking
• Knowledge in credit risk and banking regulations an obvious advantage
• Proficiency in T24 skills
• Banking & Credit management qualifications will be an added advantage
• Practical experience in securities perfection is an added advantage
• Speed and accuracy and possess analytical skills
• Capacity and willingness to work for long hours and within strict deadlines
• Excellent interpersonal skills
• High degree of confidentiality and honesty
• Knowledgeable on the financial services sector
• Creative, innovative and highly organized
• Proactive, assertive and fast decision maker
• Physically fit and versatile and able to work on a computer for long hours

Job Specification...

KEY RESPONSIBILITIES

• Prepare accurate instructions for security perfection to legal department for securities prepared and perfected by the external legal counsel.
• Run errands to various registries such as KRA & Companies registries for noting of the bank's interest in various securities lent against by the bank.
• Record and continually maintain an updated securities register for all securities for held by the bank for processed loan facilities.
• Prepare and issue disbursement instructions for all approved loans that have met all the pre-disbursement sanction conditions to Credit Operations for disbursement.
• Maintain a proper filing and secure storage system for all securities held by the bank.
• Confirm all securities withdrawal requests from the branches and facilitate retrieval and release of requested securities upon approval.
• Prepare third party letters of undertaking and takeovers for approved loan facilities.
• Prepare periodical collateral related reports as may be required by various stakeholders for decision making purpose.
• Maintain an updated insurance register for all insurance covers for all the insurable loan securities.
• Prepare notification letters, facility letters, variation of terms, supplementary letters and certain security documents in accordance with laid down credit approvals.
• Maintain a record of the notification letters, facility letters, supplementary letters and security documents that are sent to clients and monitor their return.
• Monitor and follow up on the documentation discrepancies noted on a monthly basis for closure failure for which the same should be escalated to management.
• Conduct periodical review and updating of securities perfection related check lists and processes for consumption by branch staff.
• Monitor and follow up on post disbursement conditions as they fall due to ensure closure as per the approval conditions.
• Ensure delivery of quality timely service and support to the bank's various business units in accordance with agreed Service Level Agreements.
• Review and confirm all securing documentation before issuance of disbursement instructions which permits the limits to be utilized by the customers.
• Update collateral details and link the various collaterals to the facility limits in the Collateral Management System and ensure accuracy of data in the system so that correct security values are reported for provisioning purposes.
• Ensure financing structure and credit documentation are in compliance with the terms and spirit of the credit approval and the Bank's policies and procedures.
• Provide clear and timely response to both internal and external stakeholder enquiries.
• Develop, maintain and enhance working relationships with the bank's stakeholders including Business Units, Head Office Departments, External Service Providers and the bank's clients.
• Identify securities documentation training gaps and recommend appropriate trainings for business units' staff to the respective sector heads for bridging of the same.
• Scrutinize security and collateral documentation executed by customers for acceptability and enforceability as per internal requirements prevailing from time to time. To ensure adequate protection is afforded to the Bank in the event of a need to enforce such documentation.
•  Review documentation prepared by approved external legal counsel to ensure approved Credit and legal terms and conditions are properly replicated in collateral documentation.
•  Examine terms and conditions of approved Credit Applications to ensure that they are in full compliance with the Bank's internal credit and legal policies, procedures and guidelines prior to disbursal of approved facility limits.
• Record Credit Committee proceedings of the various SME Credit requests for actioning upon HOCC conclusion.
• Facilitate the constitution and conduct periodical reviews of various panels of service providers such as; property valuers, auto tracking and auto valuation to ensure that the bank's interest is covered at all times in matters collateral.
• Monitor industry trends that may pose a risk to the bank for collaterals held. I.e. new legislations that may make certain collateral unfavorable for lending against and advise various stakeholders for informed decision making.
• Favour the bank's various service providers with copies of documents requested for from time to time in order to enable them carry out the bank's instructions effectively and in a timely manner.
• Support debt recovery efforts made by the debt recovery unit through the provision of necessary documentation for issuance of statutory notices prior to realization of pledged collateral, the subsequent auction and transfer to successful buyers.
• Sensitize bank staff on importance of collateral in lending as well as conduct collateral related trainings and inductions for the bank's staff.
• Liaise with the bank's bancassurance section for provision of insurance covers over pledged insurable collateral and their subsequent renewal upon expiry.
• Document and follow up on collateral related claims to ensure that the bank receives payment as the first loss payee and the subsequent offsetting of the outstanding loan balances against claim payments received from insurer

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Introduction

Working closely with the Head of Credit, he/she will ensure all retail loan applications are verified with the employers to confirm the authenticity and ability, retail MOU reviews, relationship and PAR management.

Minimum Requirements

• Business related degree
• 4 years' experience in credit analysis in a Retail Lending environment, debt collection and recovery
• Knowledge of alternative credit appraisal mechanisms and substitute securities like chattels mortgages, guarantors, stock, livestock etc
• Knowledge in accountancy will be an added advantage
• Sales and relationship management qualifications
• Corporate relationship management experience
• Passion and experience in dealing with low income communities
• Capacity and willingness to work for long hours and within strict deadlines
• Excellent interpersonal skills and a good team player
• High degree of confidentiality and honesty
• Analytical mind
• Knowledgeable on the financial services sector
• Assertive, proactive and fast in decision making
• Creative, innovative and highly organized
• Physically fit and versatile and able to work on a computer for long hours

Job Specification

KEY MEASURABLE GOALS

• Management of credit risks on retail loans through verification with the employers to confirm the authenticity and ability
• Adherence to internal credit policies and loan administration procedures
• Ensure that the PAR of the Retail Portfolio is within target
• Relationship management of the designated portfolio
• Ensure high turnaround time (TAT) for all retail proposals at the employers
• Ensuring all retail employer relationships are maintained for prompt receipt of loan payments

KEY RESPONSIBILITIES

• Ensure all retail loan applications are verified with the employers to confirm the authenticity and ability.
• Ensure that deduction data advice forms are submitted to the relevant employers and that all loans are fully recovered in order to maintain a quality portfolio.
• Ensure that payment schedules are collected from relevant employers in time to facilitate loan recovery for all disbursed loans.
• Ensure that reconciliation of payments received and the expected installments is up to date for all retail loans.
• Ensure that all posting schedules for payments have been received and handed over to Credit MIS for processing.
• Ensure that all retail relations are well maintained for smooth process flow.
• Review all existing retail relationships and making recommendations to the management to aid quality retail lending.
• Follow up with the branches to ensure fulfillment of ALL Retail MOU sanction conditions and other covenants prior to disbursement of the facilities.
• Recommend policy reviews for customer service and risk management improvement based on experiences and industry trends.
• Ensure that the quality of retail loan book is maintained within set targets.
• Prepare periodic reports on performance of the retail loan book.
• Ensure the team cohesively works to deliver expected objectives.
• Do any other duties that may be assigned by the Management.