SBM Bank Officer, Corporate Recoveries Jobs in Kenya

SBM Bank Officer, Corporate Recoveries Jobs in Kenya

Job Summary:

The position will be responsible for managing the Bank’s Corporate non-performing portfolio under supervision of the Senior Manager Corporate Recoveries 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 through trainings.

Ensure implementation of debt recovery strategies within the unit.

Ensure constant follow-up and monitoring of all accounts classified as Non-Performing Loans/Accounts.

Ensure compliance with all controls, rules, policies, procedures, and regulations.

Operations

Manage corporate debt collection including the initiation of recovery processes in line with commercial practices and Bank policy.

Manage the assigned Corporate debt portfolio with a view of maximizing profitability for the Bank.

Review corporate files to identify and select delinquent accounts for collection in order to maintain a low percentage of Portfolio At Risk.

Maintain and prepare bad debt recovery records and/or reports as and when required and submit them to the Supervisor.

Recommend restructures, settlements and write-offs on Non-Performing corporate Accounts to the Senior Manager Corporate Recoveries for review and approval by the Management Credit Committee as per Central Bank of Kenya Regulations.

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 debt recovery team and credit team.

Undertake any delegated activities as assigned by the Senior Manager Corporate Recoveries

Ensure to

undertake Best Practice, Skills and Knowledge and 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

3 years experience in a debt recovery function with at least 1 year in managing corporate accounts

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

CPA/ACCA or relevant professional

zqualification.

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.

How to Apply

For more information and job application details, see; SBM Bank Officer, Corporate Recoveries Jobs in Kenya

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