Key Responsibilities
The
duties and responsibilities of a Principal Credit Officer will
entail:
- Developing and implementing strategies for the credit and
applications department in alignment with Board goals and objectives;
- Make high-level decisions on credit approvals, rejections, or
conditional approvals based on thorough evaluations and risk assessments;
- Ensuring that all credit applications, approvals, and related
transactions are accurately documented and maintained;
- Liaising with legal, finance, and other relevant departments to
ensure seamless processing and compliance with all necessary documentation
and approvals;
- Addressing and resolving complex issues or complaints raised by
applicants in a timely and professional manner;
- Analyzing the performance of the credit portfolio, including
approval rates, delinquency rates, and default rates;
- Preparing and presenting detailed reports on credit activities,
performance metrics, and risk assessments to the Board of Directors and
other stakeholders;
- Promoting the adoption of new technologies and best practices to
optimize credit operations;
- Implementing feedback from applicants, team members, and senior
management and the Board of Directors to drive continuous improvement
initiatives;
- Coordinating with internal and external auditors to facilitate
credit audits and ensure compliance with all regulations;
- Identifying potential risks in the credit application process and
developing strategies to mitigate these risks.
Requirements &
Qualifications
For
appointment to this grade, the applicant must have:
- Cumulative service period of nine (9) years’ relevant work
experience, three (3) of which must have been at the grade of Senior
Credit Officer or in a comparable position;
- Bachelor’s degree in any of the following disciplines: Banking,
Finance, Economics, Commerce, Business Administration, Real Estate, or
equivalent qualification from a recognized institution;
- Membership in a relevant professional body, where applicable, and in
good standing;
- Management course lasting not less than four (4) weeks from a
recognized institution;
- Proficiency in computer applications; and
- Fulfilled the requirements of Chapter Six (6) of the Constitution of
Kenya.
How to Apply
Deadline17
March, 2026
