Job Title: Credit Administration Officer
Hiring Organization: Umba
Location – Locality: Nairobi
Location – Region: Kenya
Industry:
Job Type: Full Time
Salary: KES
Date Posted: 07/14/2024
About
Umba
Our
mission entails providing accessible and cost-effective financial services
across Kenya, enabling our customers to take charge of their financial
well-being. We are committed to seizing a unique opportunity to transform the
financial landscape in Kenya by harnessing the power of machine learning to
develop intelligent, affordable financial products tailored for emerging
markets. Our machine learning models are continuously improving, and we
leverage AI and automation to deliver banking solutions at the lowest possible
cost to our expanding customer base.
We have acquired a deposit taking Microfinance bank to allow us to offer full
digital banking services in Kenya. Our primary focus is to offer a
comprehensive range of digital banking products through Android and iOS Apps,
and we take pride in our culture of consistently surpassing customer
expectations, which has fueled our rapid expansion.
We are actively seeking outstanding individuals who not only possess
exceptional talent but also share our vision, determination, and sense of
purpose. Join us in our endeavor to establish the largest neo-bank in Africa.
Job Summary
The Credit Administration Officer is responsible for the end-to-end process of client onboarding and loan application processing, ensuring the accuracy of client information and evaluating creditworthiness. This role involves a thorough assessment of client applications and adherence to compliance and risk management standards.
Responsibilities
Client
Onboarding:
- Receive and
welcome new clients.
- Collect and
maintain accurate client information and documentation.
- Verification of
Personal and Business Information:
- Verify the
accuracy and completeness of client-provided personal and business
information.
- Ensure
compliance with legal and regulatory requirements.
Credit
Analysis:
- Analyze the
financial data of clients to determine their creditworthiness.
- Pull and review
credit reports to assess credit risk.
- NTSA Searches,
In-Charges, Transfer of ownership a:
- Conduct NTSA
searches, review in-charges, Accepting Transfer of ownership (Asset
finance) for due diligence purposes.
- Process
Discharge of logbook after loan clearance and Approval from the Credit
Administration Manager.
Loan
Application Assessment:
- Make
recommendations on loan applications, including approvals, declines, or
adjustments.
- Issue Offer
Letters to clients.
Valuation
&Cartrack Instructions:
- Issue valuation
instructions for the appraisal of clients’ collateral (e.g., vehicles).
- Issue Cartrack
instructions for monitoring movements (e.g., vehicles).
Valuation
Report & Cartrack Certificates Review:
- Receive and
evaluate valuation reports and recommend loan amounts based on the Forced
collateral value.
- Verify Valuation
Invoices and recommend for payment through the Credit Administration
Manager.
- Receive and
evaluate cartrack certificates reports and verify through the GPS system.
Document
Management:
- Safeguard and
record original logbooks from branches/Credit Sales Officers.
- Assist in the
collection and processing joint logbooks from NTSA.
Loan
Document Handling:
- Receive, verify,
and securely file loan documents for safe custody.
- Process
collateral release requests after proper verification/Loan Settlement with
Approval from the Credit Administration Manager.
Insurance
Verification:
- Request
Insurance Quotes and processing Insurance Premium Financing (IPF) Loans.
- Verify insurance
coverage related to clients and their collateral.
- Process
documentation for insurance accident claims when necessary.
- Credit
Underwriting Verification of;
- All signed
documents
- Cartrack GPS
Movement
- Confirmation of
Insurance Financial Interest
- NTSA
Confirmation
- Creation of
Loans and have all documents uploaded via core banking system
Invoices:
Preparation of Service provider(s) invoices in line to credit and recommending
for approval through the Credit Administration Manager/CEO.
Any other duty that may be requested by the management.
