Fortune SACCO Head of Credit Jobs in Kenya

Fortune SACCO Head of Credit Jobs in Kenya


  • Fortune SACCO is a credit and Savings Cooperative Society regulated by Sacco Society Regulatory Authority with its HQ in Kerugoya, Kirinyaga County. The Sacco wishes to invite applications for the position of Head of Credit.

  • Reporting to the CEO, the Head of Credit will be responsible for loan portfolio growth in line with the institution’s strategic growth. In addition, the function will be responsible for the development and execution of credit strategy, operationalization of credit policy framework and risk mitigation.

    Key Responsibilities

  • Oversee daily operations of the credit department in an efficient and effective manner.

  • Development, implementation and review of credit management strategies and policy framework

  • Approve loans within the limit and facilitate any approvals by the CEO/Credit Committee for loans above the limit and ensure timely disbursement of the same.

  • Monitor and rehabilitate delinquent accounts, to ensure that the PAR is below the regulator’s recommended rate

  • Ensure the recovery of the outstanding amount, including realization of securities is done with minimal or no ligation. Besides, ensure the defaulting client’s rights are respected to avoid potential risk exposure or adverse publicity.

  • Regularly review nonperforming facilities and execute the recovery process in an efficient and cost-effective manner.

  • Periodic reviews of securities held against all nonperforming facilities to ensure these are perfected and that no dilution happens during the debt recovery period.

  • Plan and coordinate the debt recovery process with various service providers in line with Credit Policy.

  • Liaising with the Finance function to ensure appropriate adjustments to the provisions for bad & doubtful debts in compliance with IFRS requirements.

  • In liaison with the business development departments, develop and review the loan products periodically.

  • Advice the Board and Management in the credit areas to ensure appropriate measures are taken to rectify any identified gaps in the lending process.

  • Ensure compliance with SACCO policies and statutory requirements.

  • For cases in court, relevant evidence is properly documented and shared with the key stakeholders in time. Respective witnesses should be prepared with factual information.

  • Provide periodic operational reports to Management and the respective Board Committee.

  • Ensure the member’s records are regularly updated and maintained.


  • Bachelor’s degree in Finance, Accounting, Banking or other related subjects. Professional qualifications in CCP or CPA (K) is added advantage.

  • 7 years’ relevant experience 5 which should be at a management level in a Sacco or Financial Institution.

  • Working knowledge of consumer credit risk management, as well as market and industry knowledge of the Financial Sector

  • A team player with excellent analytical, effective communication, negotiation, and interpersonal skills.

  • Focused, self-driven, attentive to detail and innovative.

  • Knowledge of computerized financial management system.

    How to Apply

  • For more information and job application details, see; Fortune SACCO Head of Credit Jobs in Kenya

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