Recoveries Officer at Access Bank Kenya

Description

Job Purpose

The job holder will evaluate and advise on recovery solution (s) to Non-Performing Debts, develop action plans and monitor their execution on a continuous basis to achieve maximum timely recoveries and or turnaround at minimal costs. The expected results are:

• To restore Non-Performing debts to performing.
• Recover Non-Performing debts to the fullest extent possible to achieve budgeted financial targets.
• Minimize recovery costs to the lowest possible levels.
• Additionally, he/she will provide timely and accurate recovery reports to facilitate decision making and meet regulatory requirements.

Key responsibilities

• To maintain a high quality loan portfolio.
• Daily monitoring and immediate follow-up of all accounts in the non-performing portfolio.
• Managing issuance of all required statutory notices prior to engaging recovery action.
• Oversee disposal of recovered assets.
• Negotiating and restructuring facilities where such action increases chances of recovery of the debt.
• To advise and train the bank on good lending techniques that would reduce delinquencies.
• To advise and train the bank on early debt management and debts collection.
• Implementing exposure/recovery strategies and action plans for each non-performing debt.
• To increase the profitability of the bank through write backs.
• Ensure compliance with credit policies and CBK prudential guidelines on non-performing debts.
• Reduce non-performing debts by at least 40% through aggressive recoveries and viable restructurings.
• Reduce the loan migration from performing to non-performing categories to fewer than 50 Million of the total loan book per month.

Requirements

1. Bachelors degree in a business related field from a reputable and recognized university.
2. At least 5 years experience, three of which must be in a debt recoveries role in the banking industry.
3. Demonstrated knowledge in recovery processes.

Skills / Competence Requirements

Required Knowledge, Skills & Abilities

• Credit Administration/Risk Management
• Credit Products
• Credit Analysis and Appraisal
• Loans administration / account management
• Credit Workout/Restructuring
• Financial analysis / interpretation
• Facility Structuring

Generic Skills

• Strategic Focus/ Orientation
• Integrity and Discretion
• Initiative/ Proactive
• Entrepreneurship
• Analytical skills / Problem solving
• Resilience, Tenacity and Integrity
• Interpersonal skills
• Communication (oral & written)

Benefits

Competitive renumeration package