Job Purpose
The Principal Officer, Credit is responsible for
providing support, direction, credit information, and loan policies and
procedures to ensure the overall quality of the Bank’s credit extension.
Key Duties and Responsibilities
- Credit administration which involves maintaining and updating
the security register and ensuring that valuations are within three years
and insurances for the collateral are up to date.
- Daily monitoring of accounts, ensuring only good cheques are
paid
- Analyse financial data regarding loan requests for new,
renewal, and existing loans, including data provided by credit bureaus,
other financial institutions, and financial institution files.
- Loan appraisal, disbursement, and management for both internal
and external customers
- Compilation and submission of CBK Returns, Customers’ audit
queries, and CRB Reports.
- Maintains the privacy of customer information and the security
of all records.
- Preparation of Facilities Monitoring Reports; Loan &
Advances analysis reports, Arrears reports, Finance reports & other
internal reports.
- Debt collection; Issuance of polite reminders, Event of
Default Notices & Statutory Notices together with follow-up phone
calls, emails & text messages.
- Monitoring NPLs to trigger where applicable Deed of Rental
Income clause.
- Coordination of realization processes for NPL accounts;
Issuance of valuation instructions, liaising with auctioneers on issues
auction, Preparation of related memos to legal department to facilitate
realization.
- Preparation and booking of guarantees, collection of
commission, and letters of comfort also called reference letters. This
also entails maintaining a proper file for all guarantees issued by the
Bank.
- Raising payments for monies owed to our service providers like
Tysons Limited, Lloyd Masika, etc
- Updating customers’ database including contact/addresses and
ensuring am in constant communication with them on issues to do with their
monthly loan repayment, receiving calls from customers who need help from
our department.
Job Requirements and Experience
For appointment to this grade, a candidate must have:
- Bachelor’s degree in Accounting/Finance/Economics or related
field.
- Masters or related qualification from a recognized university
is an added advantage.
- Qualified CPA (K) or ACCA is an advantage.
- Minimum of three years working experience in a similar
position in the banking sector
- Knowledge of prudential guidelines for the compilation of
Central Bank of Kenya returns.
- Experience in Flexi-cube core banking system with excellent
ICT skills in CBK credit reporting among others.
- Business acumen able to understand current affairs and their
impact on the business.
Competencies and Skills
- High attention to detail and excellent analytical skills
- Sound independent judgment
- Good communication skills.
- Interpersonal and teamwork skills.
- Innovativeness and problem-solving skills.
- Knowledge of the Banking processes.
- Financial and accounting skills.
- Organizational skills
- Report writing skills.
- Information technology skills.
- Ability to manipulate large amounts of data and to compile
detailed reports
- Ability to perform control reviews on systems development,
operation, programming, control, and security procedures and standards.
- Ability to maintain the highest level of confidentiality and
accuracy in all the departments’ correspondence and procedure
How To Apply
Interested and suitably qualified individuals should
forward hard copies of their applications, enclosing copies of their academic
and professional certificates, detailed CV indicating work experience,
contacts, and addresses of 3 professionally relevant referees by close of
business on the 3rd of July 2024. Use the email recruitment@devbank.com.
Only shortlisted candidates will be contacted.
