I&M Bank Manager, Debt Recovery Unit Jobs in Kenya

I&M Bank Manager, Debt Recovery Unit Jobs in Kenya; The purpose of the job is to engage in conducting credit investigations and collecting delinquent accounts and will communicate all credit related issues to senior management. The job requires various initiatives and strategy towards recovery across all types of customers and involving various key stakeholders both external and internal including Receivers/ Administrator, Law firms, auctioneers, other business segments, legal, etc.



It involves various kinds of reports to various committee including CRMC, BCC and Board for noting and approval as per delegation approvals of the Bank.


Review and assessment of CBK & IFRS provisions working for NPA account.


Key Duties / Functions

Remedial & Recoveries

Assessing the level of provisions requirement for all NPA accounts and write offs managed in line with the firm’s policies and procedures including approval.

Liaise directly with clients, third parties and colleagues in other departments to maximize collections performance whilst also ensuring good client outcomes

Deal with processing loan workouts, rescheduling and rehabilitation, acceleration of repayments, enforcement and foreclosures, liquidation and administration of assets and collateral and implementation of various forms recovery strategies.

Submission of the required reports to the BCC, NPA & CRMC Committees in a timely manner and working on provisions.

Ensure satisfactory Internal or External Audit Reports including CBK.

Identify accounts requiring collection agency or legal action and coordinate collections with third party contractors.

Monitoring, reviewing and reporting the portfolio performance and ensuring proper asset classification and provisioning for loans and advances as well as the analysis and reporting of the quality of the loan book and arresting negative trends.

Being a member of the NPA Committee, reviewing and following up non-performing accounts, ensuring agreed remedial actions for non-performing accounts at minimal cost.

Governance and Controls, compliance, and Risk Management

· Submission for third party empanelment and any CBK approval for the same

· Compliance of directives form CRMC. BCC and Board

· Review of CBK and IFRS provisions for all NPA customers.

· Ensure all management reports are submitted accurately and on time.

· Stakeholders’ management including various service providers like auctioneers, lawyers, etc

Decision making and accountabilities

Respond to credit internal

and external Audit queries and provide action plans and execute recommended actions.

Participate in budget development for the loans and loan loss provisions and department initiatives for NPA accounts.

Assessing and review of suitable recovery measure for all NPA accounts such as restructuring, receivership, administration, sale of assets, etc

In-depth analysis of cash flows and financial of the company for appraisal as per credit request from customer and recommending suitable way forward to CRMC/ BCC.

Clients

Reviewing and recommending and amending the Banks panel of service providers with confirmation from CRMC/BCC, the panels include Valuers, auctioneers, investigators

Review Service level Agreements with the service providers and manage the agreed timelines and processes and quality of work.

Reviewing and recommending the external service providers to be included in the Bank’s panel- Valuers

Regular Site visit and discussion with the customers.

Witness on various legal cases on behalf of the Bank

Provision of various responses to Administrator or other stakeholders.


Skills, competencies & experience

Bachelor’s degree plus Professional qualification

10 – 12 years of supervisory and managerial experience

Judgement to balance commercial debt recovery and compliance risks to achieve positive outcomes

Advanced credit, financial analysis banking and good knowledge of prudential guidelines

Good understanding of legal risks and laws applicable to Banking and Finance relating to lending and credits documentation.

Maintains the highest professional standards

Excellent communication and leadership skills with an ability to influence at all levels

Excellent organizational skills

Decision making and problem solving

Have a good network in the banking industry and industry knowledge

Proficient in Microsoft Office applications, excel word, PowerPoint


How to Apply

For more information and job application details, see; I&M Bank Manager, Debt Recovery Unit Jobs in Kenya

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