Senior Recovery Manager

Job Purpose:

Reporting to the Head, Credit Support Unit, the role holder is tasked to evaluate, develop and monitor recovery action plans on non- performing large Corporate accounts on a continuous basis, to achieve maximum and timely recoveries and/or turnaround at minimal costs.

Key Responsibilities:

• Develop and implement recovery strategies and action plans for each non- performing debt.
• Reduction of non- performing debts through aggressive recoveries and viable restructuring options.
• Full compliance with Credit policies and CBK prudential guidelines.
• Minimize recovery costs through vetting of invoices and upfront fees negotiations.
• Coach, guide and motivate staff to enhance efficiency and productivity.
• Recovery of debts written-off in line with the Prudential Guidelines
• Review of facilities through Credit Quest on each file on the best recovery option including restructuring and asset classifications.
• Correspondence with both external and internal customers.
• Meetings with the debtors and service providers, including official visits to their operations.
• Supervise and guide the direct reports.
• Monitor debtors’ compliance with the agreed settlement arrangements.

Experience & Expertise:

• Bachelor’s Degree in Economics, Business related degree from an institution recognized by Commission for University Education.
• Possession of a postgraduate degree will be an added advantage.
• At least 10 years’ experience, 5 years of which should be in a senior management position within credit.
• Demonstrates a clear understanding of recoveries processes in Corporate and must be able to provide direction and strategic thinking where appropriate in relation to distressed assets and loans in default.
• Should have sound knowledge in Accounting and financial principles, Credit risk management, Business banking, Investment banking, Corporate banking
• Understanding of Legal principles related to lending; collateral rights, Insolvency Law, Receiverships and Administration.
• Must have the ability to translate and apply Credit knowledge to optimise positive outcomes in negotiations with clients.

To be considered your application must be received by Wednesday, 19^th February, 2020

Only short listed candidates will be contacted.

NB: In the event that you are successful, we will require that you provide us with the following documents:

• National I.D.
• KRA Pin Card
• Birth Certificate of self
• Passport Photo (White Background)
• NSSF Card
• NHIF Card
• Certificate of Good Conduct (less than 5 Months old)
• Academic and Professional certificates, including official transcripts

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