Chai Sacco Jobs in Kenya Credit Recovery Officer
Chai Sacco Jobs in Kenya Credit Recovery OfficerJob Description
Credit Recovery OfficerStatus
: PermanentReporting to
: Credit ManagerDivision/department
: CreditPosition Supervises
: NonePurpose of the Job
To support the Credit Manager in loan recovery to maintain a PAR of below 5%.Main Duties and Responsibilities:
The duties and responsibilities are outlined as follows;I. Operational Roles and Responsibilities
a) Extracting, validating and sending expected deductions to stations domiciled in Nairobi Branch.
b) Receiving, posting and analyzing variances from individual members, factory/stations, other corporate
institutions and group.
c) Reconciling station remittance account.
d) Ensure prompt recovery of all loans under the assigned portfolio.
e) Analyze bad debts based on aging and take appropriate actions to collect all arrears from defaulting members.
f) Aggressively follow up on defaulted loans and undertake field visits where necessary for recovery activities.
g) To prepare weekly and monthly performance reports of allocated portfolio indicating the portfolio at risk.
h) Constantly monitoring performance of the assigned loan portfolio to ensure prompt payment of the loans;
i) Analyzing loan underpayment reports and reminding members to make prompt payments of loans on due
j) Preparing defaulters list for onward forwarding to CRB and external debt collectors.
k) To recover all loans in arrears and timely reporting of variations of members’ deposits and/or loan repayments.
l) To issue demand notices to guarantors of defaulted loans through the branch credit team.
m) To attach guarantors on defaulted loans.
n) To liaise with Branch Credit Committee in enhancing the PAR to below 5%.II. Perform any other duty as may be assigned from time to timeKey Result Areas:
The accountability areas are as follows Preparation of accurate reports on status of Loans
Ensure that all loans are repaid as per the schedule.
Communicate to the members of their loan arrears position.
Liaising with Branch Credit Officer to enhance the Society PAR.
Preparation of accurate managerial progress reports on status of Loans
Knowledge and Skills Required:
The jobholder must possess;
A bachelor’s degree in business or related field.
CPA (K) /ACCA Qualification.
4 years work experience in a similar set up.
Demonstrated experience in Microsoft Office, spreadsheet applications and computerized accounting systems.
Strong advisory and analytical skills.
Interested candidates who meet the set criteria may submit their application letter together with their
detailed CV, copies of academic and professional certificates, names and contacts of three referees and
expected remuneration in a clearly marked envelope “Application for ………………….” and dropped at the
Reception: 4th Floor, KTDA Plaza, Moi Avenue, Nairobi addressed to:
The Human Resource Manager,
Chai SACCO Society Ltd,
KTDA Plaza, 4th Floor,
P.O. Box 278 - 00200, Nairobi.
OR email their application letter together with their detailed CV, copies of academic and professional
certificates, names and contacts of three referees and expected remuneration to firstname.lastname@example.org
Application deadline: 28th November 2019 at 5:00pm. Only short listed candidates will be contacted.
Chai Sacco is an Equal Opportunity Employer
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