KUSCCO Debt Recovery Officer Jobs in Kenya

KUSCCO Debt Recovery Officer Jobs in Kenya

Job Purpose

  • To ensure that all approved and disbursed loans are fully repaid as per the agreed terms and conditions to prevent loss to the society due to non-repayment.

  • To manage non-performing loans to preserve capital.

    Duties and Responsibilities

  • Monitoring society’s portfolio at risk and ensuring a performing loan book

  • Ensuring timely preparation and release of demand notices to members whose loans are overdue.

  • Aggressively follow up on non-performing loans

  • Preparation of monthly and quarterly reports on debt recovery

  • Managing all the securities registers and monitor the status of available securities.

  • Discharging securities where respective members have cleared their loans as per laid down procedures.

  • Extracting, confirming and transmitting CRB information to licensed Credit Reference Bureaus.

  • Manage storage and sale of repossessed collaterals

  • Assigning members’ loan accounts in default to debt collectors.

  • Liaise and monitor the execution of the recovery exercise by the third parties involved including auctioneers, lawyers and debt collectors

  • Responding to members’ queries and complaints.

  • Undertaking field visits for recovery activities

  • Champion credit information sharing as may be required

  • Follow up legal cases where recovery action is challenged in court

  • Monitor and regulate the debt collection costs within the approved limits

  • Ensure the recovery
    exercise fully complies with the statutory regulations and guidelines;

  • Perform any other duties as may be assigned from time to time

    Minimum Academic and Professional Qualifications

  • Minimum of Bachelor’s degree in Finance or Accounting or any business-related field.

  • Qualifications in Credit Management/Debt Collection will be a definite advantage

  • A member in good standing of a relevant professional body.

  • Minimum of 3 years’ experience in debt collection within the financial service industry

    Knowledge and Attributes

  • 28 Years of age and above.

  • Fully conversant with lending in the Kenyan business environment

  • Excellent negotiation and communication skills.

  • Experience in working with targets and strict deadlines.

  • Good planning, analytical and monitoring skills.

  • Proficiency in computer applications.

    How to Apply

  • For more information and job application details, see; KUSCCO Debt Recovery Officer Jobs in Kenya

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