SBM Bank Manager, Special Assets Recovery Jobs in Kenya

SBM Bank Manager, Special Assets Recovery Jobs in Kenya

Job Summary:

The position will be responsible for recovery on the special assets portfolio with the objective of putting in place and adopting appropriate strategies within policy guidelines and regulation to minimize credit losses and ensure the portfolio remains profitable in line with SBM Bank business objectives.

Key Responsibilities:

Strategy

Ensure continuous new learning debt recovery techniques within the special assets team through attending trainings.

Implement and drive innovative and effective debt recovery strategies.

Ensure compliance with all controls, rules, policies, procedures, and regulations within the special assets team.

Operations

Ensure recovery of the Bank’s special assets portfolio with a view of maximizing profitability for the Bank;

Review special assets client files to identify and select the most appropriate remedial action either collection, restructure or place the company under receivership.

Recommend write-offs and restructures on Non-Performing special assets accounts to the special assets Manager for review and recommendation by the Management Credit Committees as per the Central Bank of Kenya Regulations.

Attend meetings with the special assets team to review portfolio performance and NPL rate with a view to making appropriate recommendations on any action to be taken and maintain low NPL.

Ensure compliance to the Bank’s Credit Policy and Procedures with regard to management of debt recovery process.

People Management

Maintain good coordination between the Special assets team and the debt management team.

Undertake periodic performance reviews (Balance scorecard) for the special assets portfolio.

Identify self-coaching, training needs, and mentorship aimed at building knowledge and expertise as well as ability to manage their

account portfolio.

Ensure that Best Practice, Skills and Knowledge are shared across the team and wider Credit department, where appropriate working with other areas of the Bank.

Compliance

Ensure compliance with both internal and external regulatory requirements.

Working closely with risk and compliance units to ensure effective compliance standards are consistently met within the unit.

Developing and continuously reviewing Credit policies and procedures ensuring their compliance.

Other

Safeguard and promote the bank’s image with the general public.

Knowledge; Skills and Experience Required for this Role

5 years’ experience in a debt recovery function with at least 1 year in a management role.

University degree in a Business related field from a recognized institution.

Excellent Communication and Negotiation skills.

Competencies Required for this Role

Experience or sound understanding of credit life-cycle and debt recovery process/techniques.

Strong credit analytical, communication and negotiation skills and assertive.

A passion for performance and ability to work under pressure.

Key understanding of regulatory and legal environment.

Problem Solving

Analytical

Assertive

Decision making

Communication

Accountability

How to Apply

For more information and job application details, see; SBM Bank Manager, Special Assets Recovery Jobs in Kenya

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