Job Reference: YTS/LRM/2022
Purpose Of The Job
The incumbent will be to oversee the operations of the loan recovery section and ensure policies are adhered to with an aim of improving SACCO’s liquidity and PAR.
Duties And Responsibilities
Developing, documenting, implementing and maintaining and recovery strategies.
Identifying, assessing and evaluating risk areas in recovery and making appropriate recommendations for improved collections of SACCO’s funds.
Identifying key risks that are associated with collaterals, assessing those risks, and establishing the best practices to counter and ensure effective collections.
Preparing accurate and timely monthly reports, clearly indicating performance and delinquency levels.
Loan default management – Ensure timely collection and recovery of Society’s funds.
Refer matters to the Co-operative tribunal process, participation and provision of required documents/information.
Management of CRB listing and ensure loans are listed appropriately, information sharing and reference.
Debt collection management including effective allocation of accounts for debt collection, reviewing debt collection performance both internal and external and making necessary recommendations.
Ensuring the loan recovery officers adhere to the default management policy on recoveries.
Timely submission of all loan’s recovery reports.
Liaising with debt collectors, auctioneers and lawyers on accounts that have been handed over.
Managing escalated customer inquiries and complaints pertaining to loans recoveries.
Qualifications And Experience]
Holder of a Bachelor’s degree in Accounting, Finance or equivalent. Professional accounting qualifications; CPA (K)/ACCA/ACA/CFA an added advantage.
Minimum Five (5) years’ experience in a similar position with similar responsibilities.
Judgment and decision-making ability.
Accuracy and attention to detail.
Ability to handle difficult customers with diplomacy and tact.
Knowledge and experience of working with accounting packages
How To Apply
Interested candidates who meet the set criteria may submit their application letter together with their detailed CV, Copies of Academic & Professional Certificates, Names and Contacts of three referees in a clearly marked envelope addressed to:
Human Resources Department
Yetu Sacco Society Limited
P.O BOX 511-60202, NKUBU
OR Email their applications to firstname.lastname@example.org clearly indicating the position applied for with the job reference number in the subject line on or before August 20th 2022.
Applications that are incomplete, received after the due date or that do not meet the stated requirements will not be considered. Only shortlisted candidates will be contacted. Canvassing Will Lead to Automatic Disqualification.
Successful Candidates Must Fulfill The Requirements Of Chapter Six Of The Constitution Of Kenya 2010.