Kenya Industrial Estates Manager - Credit / Risk Management Jobs
Kenya Industrial Estates Manager - Credit / Risk Management Jobs
Kenya Industrial Estates is a Micro, Small and Medium Enterprises established in 1967 with the mandate of promoting industrialization through indigenous enterprise development in the country.
Kenya Industrial Estates (KIE) Ltd was established in 1967 with the mandate of promoting industrialization through indigenous enterprise development in the country.
To achieve this mandate, the company provides Industrial Parks, medium to long term financing, and business advisory/ training services.
Currently, the company is going through change with a view to repositioning it to effectively contribute to the realization of vision 2030.
The company plans to fill the following positions with a view to effectively discharge on its mandate:-
Job Purpose:-
This is a position responsible for the overall leadership of the Risk Management Function and successful attainment of a healthy loan portfolio through risk mitigation.
To promote and sustain a culture of risk management discipline within the institution;
To represent the risk and assurance function to the Board and ensure that there are effective standards and internal controls, policies and procedures, systems and a risk management framework that supports business sustainability and continuity as well as ensuring compliance with various regulatory standards;
To anticipate and proactively ensure management of all potential risks, including credit, operations, information security, regulatory compliance and reputation risks and to initiate actions to pre-empt systemic risks;
Duties and responsibilities at this level will entail:-
Spearhead and direct the Risk department team into identification and retaining the
appropriate risk management discipline while supporting growth aspirations to achieve
strategic goals of the company;
Administer appraise all new investment and ensure that every approved project is
technically feasible and economically viable;
Ensure that Risk Management Framework is adopted and effectively applied across all
departments of the institution;
Implement the Credit Risk Management Policy and ensure that the risk management
governance structures are fully functional;
Identify credit risks in the business, monitor the actual level of credit risk on a regular basis and play a preventative role in risk control;
Embed a culture of consciousness and transparency for risk management and ensure that the nature and size of risks are well understood by all staff;
Manage risk on a day to day basis which includes monitoring and reporting. This should
include measures and procedures for:-
understanding key processes, risk identification, risk analysis and assessment responding to risks identified and assessed adequate information and communication and monitoring of risk management activities;
Ensure issuance of quarterly statements/invoices. This shall automatically trigger status of an account;
Initiate and oversee debt clearance and issuance of certificates upon completion of the
loan and thereafter release of securities;
Ensure remedial action is taken appropriately on non-performing loans, rents and mortgages through rescheduling, rehabilitation, write off, negotiation, legal action on Category D and E,
repossession and disposal of securities;
Initiate special task force on debt recovery upon approval by the CEO.
Embed operational risk practices into business activities and support it with appropriate training and awareness;
Manage the daily administration for loan documentation in full compliance with the
internal standards and external regulatory requirements;
Conduct periodical review on loan administration procedures to streamline workflow
Generate, review and maintain loan disbursement reports for presentation to credit
committees, and provide monthly reports on the same, in accordance to the credit
policy and guidelines;
Ensure post disbursement compliance with approved terms and conditions,
assignment of rights, review expiry of credits, progress on payment, insurance etc.
Review daily credit monitoring and management reports and identify non-performing
loans with anomalies and proactively follow-up to ensure corrective action taken in
line with credit policy;
Monitor all irregularities, past dues, documentation deficiencies and report to senior
management;
Advise on risk issues and prepare reports for the Board to assist in decision making.
Knowledge and Experience Required of a Job Holder:
Degree in any Business related fields i.e.(Finance, Banking & Accounting);
Professional qualifications in Credit Management, CPA (K) or ACCA;
A minimum of Seven (7) years of experience in Credit Risk function with five (5)
years in a management role and shown merit and ability as reflected in his/her work
performance and results;
A good understanding of business lending products from any financial Industry;
An understanding of an enterprise wide Risk Management Framework
Exposure to demanding operational environments, ability to gain insight into the most effective risk management applications and key points for
Measurement of market risks facing the institution
Gathering data for use in review of MRM Policies by monitoring reports
Performance of administrative duties
Monitoring of the loans and ensuring the PAR is within th acceptable
company’s rates;
How to apply:-
Those employees who meet the job requirements as detailed in the advert are encouraged to apply.
Applications must be accompanied by current curriculum vitae, giving details of educational and professional qualifications and indicate their current and expected salaries to the undersigned.
In addition, all applicants Must download and fill Form 1A attached and forward them to the email given below.
The applications should be received not later than 16th October 2018.
For more information and job application details, see; Kenya Industrial Estates Manager - Credit / Risk Management Jobs
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