Associate Debt Recovery Manager

1 month ago

Nairobi, Kenya FSI Capital Full time

ABOUT THE COMPANY

FSI Capital is a full service micro finance company that was founded in 2001. Our specialization is solely in the provision of structured financing to individuals and companies alike.

JOB SUMMARY

Job Purpose:The Associate Debt Recovery Manager is a seasonedprofessional responsible for overseeing and leading a debt recovery team,leveraging more than 5 years of experience, with at least 2 years in aleadership role within a major bank. The role involves managing the end-to-enddebt recovery process and implementing strategic initiatives to optimizerecovery outcomes.JobSpecifications:AcademicQualifications:●     Bachelor’s Degree in Finance, Business, or a relatedfield.Professional Qualifications:●     Relevant professional certifications in debt recovery orrelated areas.Work Experience:●     Over 5 years of experience in debt recovery.●      Minimumof 2 years in a leadership role heading a debt recovery team in a major bank.Competencies:●     Strong leadership and people management skills.●     In-depth knowledge of debt recovery processes andstrategies.●     Excellent negotiation and communication skills.●     Analytical mindset with a focus on data-drivendecision-making.●      Abilityto navigate and adapt to a dynamic and challenging environment.

RESPONSIBILITIES

Key Responsibilities:        Team Leadership:●     Lead and motivate the debt recovery team, providingguidance and support.●      Fostera collaborative and high-performance team culture.        Debt Recovery Strategy:●     Develop and implement effective debt recovery strategies.●     Strategize on how to better use allocated resources tominimize costs●     Analyze market trends and recommend adjustments torecovery approaches.●     Attending public auctions on behalf of FSI ●      Conductperiodic client outreach to follow up on payments        Portfolio Management:●     Oversee the management of a diverse debt portfolio.●     Monitor and analyze portfolio performance against settargets.●     Maintain records tracking the loan recovery process forloans in NPL●      Helpclients develop suitable exit strategies for the allocated book.        Negotiations and Settlements:●     Conduct negotiations with debtors to achieve optimalsettlements.●      Collaboratewith legal teams for escalated cases and settlements.        Risk Management:●     Assess and manage risks associated with the debt recoveryprocess.●      Implementmeasures to mitigate potential losses.        Performance Reporting:●     Prepare and present regular reports on debt recoveryperformance.●     Highlight key trends, challenges, and recommendations forimprovement.●      Collectand write off profit and loss from assigned accounts.        Compliance:●     Ensure adherence to regulatory requirements in all debtrecovery activities.●      Stayinformed about changes in legislation affecting debt recovery.        Stakeholder Engagement:●     Collaborate with internal stakeholders, including legal,risk, and finance teams.●     Represent the debt recovery function in cross-functionalmeetings.●      Manageother key internal and external stakeholders like service providers.

REQUIRED SKILLS

Negotiation, Reporting, Business strategy, Due diligence, Leadership skills

REQUIRED EDUCATION

Bachelor's degree

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