KDIC Officer - Resolutions Jobs in Kenya

KDIC Officer - Resolutions Jobs in Kenya

  • You will carry out of daily operations of loan collections, realization of securities, updating of records and processing of payments for banks/ financial institutions in liquidation in compliance with the established operations guidelines; ensure timely and prompt payments to depositors and creditors and support successful completion of winding up process of non- viable banks/ financial institutions.

    Key Responsibilities

    Operational Responsibilities

  • Regular following of the assigned borrowers’/ debtors’ files to ensure loans outstanding in banks/ financial institutions in liquidation are paid as negotiated;

  • Providing historical information required on long outstanding contentious debts to facilitate negotiations for amicable settlement;

  • Capturing all payments by the debtors/ borrowers in a timely and accurate manner in the Corporation Enterprise Resource Planning System;

  • Reviewing the existing loan portfolio to identify cases that can be resolved through Alternative Dispute Resolution Mechanisms and making recommendations to the management for review;

  • Compiling information relating debtors’/ borrowers for submission to Credit Reference Bureaus (CRB) in accordance with the law;

  • Preparing a maturity analysis report for the existing investment portfolio of Surplus funds held by institutions in liquidation for cash flow management planning;

  • Providing supporting documents for ongoing court cases to aid in legal recovery of litigated debts;

  • Initiating requests to procure services of valuers and auctioneers to facilitate realization of assets through public auctions for approval by immediate supervisor;

  • Issuing of instructions to valuers, auctioneers, Advocates and debt collectors to carry out Asset recovery services as per the engaged terms;

  • Following up with the engaged service providers (Valuers, auctioneers debt collectors and private investigators) to ensure the process of asset realization is conducted in a seamless manner;

  • Preparation of the documents required to assist in releasing of securities for fully paid-up loans/ debts;

  • Compiling a report of all contingent liabilities of the banks/ financial institutions
    in liquidation and monitoring crystallization;

  • Maintaining records of all preserved assets for the assigned institutions in liquidation for the benefit of depositors and creditors;

  • Identifying and advising the investigations department on assets to be preserved and providing the supporting documents to aid the preservation process;

  • Preparing proposals on negotiations by debtors to resolve long outstanding debts for management consideration and approval;

  • Receiving and acknowledging depositors’ claims submitted for payments and checking for completeness to ensure timely payments in compliance with customer service Charter;

  • Preparation of draft public notices for approval inviting depositors and creditors to lodge claims for payments in compliance with statutory guidelines;

  • Preparing of statutory returns for filing with the Registrar of Companies in compliance with KDI ACT 2012; and

  • Providing the secretariat services in the process of documenting resolution experiences of fully wound institutions as part of knowledge management and sharing for the corporation.

    Job Competencies

    Academic qualifications

  • Bachelor’s degree in any of the following disciplines: Commerce, Finance, Economics, Business Administration from a recognized institution

    Work experience

  • 2 years relevant working experience in preferably in Banking, Financial Management Credit Administration, Conveyancing, Litigation, Asset Management & Tracing.

    Functional Attributes

  • Communication skills

  • Analytical skills

  • Proficiency in computer application skills

  • Interpersonal skills

  • Report writing skills

  • Budgeting skills

  • Time management skills

    How to Apply

  • For more information and job application details, see; KDIC Officer - Resolutions Jobs in Kenya

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