K-Unity is a well-established Sacco Licensed by SASRA as a deposit
taking Sacco with operations throughout Kiambu County and a branch in
Nakuru County.
We offer credit services and solutions to Agribusinesses, Organized
Groups, SMEs, Individual Businesses and Employees both in Public and
Private sector.
K-Unity is looking for a highly committed and motivated professional for the position of the Credit Controller
Job Summary:
The Job holder will be responsible for reviewing non-performing assets
book and developing appropriate strategies to ensure timely recovery of
amounts due, with minimum loss exposure.
Periodically reviewing securities held against NPAs in order to identify
possible gaps and institute measures necessary to rectify these, so as
to safeguard the K-Unity interest.
Bringing overall Debt recovery knowledge and overall structuring of the department
Key Tasks and Responsibilities:
The Incumbent will report to the Chief Executive Officer and will be responsible for:
Meeting set Collections and Recoveries targets.
Providing appropriate inputs at Board and Management
Committees’ level to ensure appropriate measures are taken to rectify
any identified gaps in the lending process.
Based on overall assessment of the NPA book and debt recovery
success rate, critically reviewing all non-performing facilities and
development of appropriate strategies to ensure K-Unity recovers the
amounts due in an efficient and cost effective manner.
On a case by case basis, assessing K-Unity positioning and its
ability to recover the amounts due without forced realization of
securities held as far as possible.
This includes detailed negotiations with the defaulting
clients for facilities re-structure, where possible, in order to
maintain customer goodwill.
Where realization of securities held is inevitable, ensuring
the process is handled procedurally in order to avoid delay through
intermittent ligation.
Similarly ensuring the defaulting client’s rights are
respected in order to avoid potential risk exposure to K-Unity through
litigation or adverse publicity.
Undertaking periodic review of securities held against all
non-performing facilities in order to ensure these are perfected and
that no dilution happens during the debt recovery period.
Planning and closely coordinating the debt recovery process
with various stakeholders, including Lawyers, Valuers and Auctioneers
amongst others, in order to avoid undue delay and recovery costs
escalation.
For cases in court, ensuring the relevant evidence in support
of K-Unity case is properly documented and shared with the key
stakeholders in good time, ahead of court appearances.
Representing K-Unity as a witness as and when required.
Where K-Unity is represented in court by other witnesses,
ensuring these witnesses are well prepared with factual information and
absolute clarity on the background of each case.
Providing periodic reports to Management and respective Board
Committee’s on the Recovery Status of each non-performing facility, with
clear recommendations on the way forward or closure.
To ensure provisions held against bad & doubtful debts are adequate and ¡n compliance with the required guidelines.
To undertake other tasks as agreed with the Chief Executive.
This is not a complete statement of all duties and responsibilities of this post.
The jobholder may be required to carry out other duties as
directed by the Chief Executive, the responsibility level of which
should not exceed those outlined above.
Qualifications and Competencies
A Bachelors degree in Finance,Accounting, Banking or other related subject.
Professional qualifications in CPA will be an added advantage.
Masters in a business related field such as Strategic Management, Economics,
Finance, and Operations etc will be an added advantage.
Holder of certificate in credit management will have an added advantage.
6 years relevant working experience in debt recovery in a Bank or Financial Institution.
At least 4 years should be at managerial level.
Knowledge of debt recovery and realization process
Strong analytical skills.
Excellent negotiation skills.
Effective communicator - both verbally and in writing.
Strong interpersonal skills.
Focused and self-driven
Attentive to detail.
How to Apply
Interested candidates should send their applications and a detailed CV,
stating their current salary and expected salary by post to:
The Chief Executive Officer,
P.O. Box 268-00900,
Kiambu
eMails can be send to info@unityfinance.co.ke
Applications should be received on or before 21 October 2014 at 5:00 PM.
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