Mhasibu Sacco Loans Recovery Officer Jobs in Kenya

Mhasibu Sacco Loans Recovery Officer Jobs in Kenya

Overall Purpose of the Job

  • Responsible for managing nonperforming loans to preserve capital.

  • The officer should understand the borrower’s problems and identify and resolve problems with unpaid loans.

  • The role reports to the Loans Recovery Manager.

    Duties and Responsibilities

  • Recovery management and maintaining default rate at stipulated levels

  • Circulation of reminders to loan defaulters.

  • Listing of all defaulters

  • Debt collection to ensure members repay their loans

  • Managing all the securities registers.

  • Monitoring the status of available securities.

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

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

  • Managing and following up with the Auctioneers and debt collectors.

  • Attending to members inquiries/concerns on matters relating to their accounts.

  • Ensure timely and accurate defaulters reporting

  • Verification of member information/documents and bank statements whilst assessing loans.

  • Marketing and selling of society products and services and

  • Any other lawful duties that may be assigned from time to time.

    Minimum Academic and Professional

    Qualifications Requirements

  • At least a bachelor’s degree in Finance or Accounting, of business-related field

  • A professional accounting qualification CPA K

  • A member of a relevant professional body is an added advantage

  • Minimum 3 years relevant experience and in a in a similar position

  • Successful candidates will be required to meet the requirements of Chapter 6 of the constitution of Kenya by obtaining the necessary documentation.

    How to Apply

    For more information and job application details, see; Mhasibu Sacco Loans Recovery Officer Jobs in Kenya

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