KDIC Senior Officer - Resolutions Jobs in Kenya

KDIC Senior Officer - Resolutions Jobs in Kenya


  • You will provide day to day operational support in managing the affairs of banks/ financial institutions in liquidation through implementing and complying with the developed policies, procedures and other operational guidelines in loans collections, realization of assets, processing payments to depositors and creditors in a timely and efficient manner; and providing information for orderly winding up of non-viable Banks / financial institutions to enhance depositors’ confidence in the financial sector.

    Key Responsibilities

  • Regularly following up with the borrowers to ensure loans outstanding in the institutions in liquidation are paid as negotiated;

  • Reviewing assigned files for long outstanding contentious debts for amicable settlement;

  • Ensuring all payments by the debtors/ borrowers are properly captured and reported in the Corporation Enterprise resource planning system;

  • Initiating negotiations for loan recoveries through alternative dispute resolution mechanisms;

  • Collating and submitting debtors’ profile to Credit Reference Bureaus (CRB) in accordance with the law;

  • Issuing of relevant statutory notices to enable the Institutions in liquidation realize the assets of the defaulting debtors/ borrowers;

  • Preparing investment profiles for surplus funds held by banks/ financial institutions in liquidation for review by assistant manager resolution;

  • Preparing for cases and attendance of court sessions including sharing the required documents with the advocates engaged by the banks/ financial institutions in liquidation to pursue recovery of outstanding debts;

  • Implementing all board decisions and audit recommendations;

  • Receiving regular updates from the advocates and preparing a status reports on all active court matters for effective monitoring and risk management;

  • Compiling reports to assist in evaluation of performance by different service providers as per the executed service level agreements;

  • Upon Completion of winding up process of an institution, following up on recovery of the residual assets for the benefit
    of Deposit Insurance fund;

  • Generating the information required to aid in tracing and preserving of the assets of the assigned financial institutions in Liquidation;

  • Preparing proposals on negotiations held with debtors to resolve long outstanding debts for management and board of directors’ consideration and approval;

  • Reviewing and processing of depositors and creditors claims submitted for payments in line with the existing procedures and operational guidelines;

  • Reconciling of payments made to depositors and creditors for accuracy reporting and determination of pay out rates for performance evaluation;

  • Compiling and ensuring safe custody of information required to document experiences relating to resolution of failed institutions for knowledge management and adoption of best practices; and

  • Preparing of statutory returns for the assigned banks/ financial institutions in liquidation and ensuring compliance with submission deadlines.

    Job Competencies

    Academic qualifications


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

    Work experience

  • Four (4) years’ relevant work experience preferably in Banking, Financial Management Credit Administration, Conveyancing, Litigation, Asset Management & Tracing or Insolvency.

    Functional Skills

  • 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 Senior Officer - Resolutions Jobs in Kenya


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