Sacco Chief Credit Officer at

4 weeks ago


Nairobi, Nairobi Area, Kenya Co-operative Bank of Kenya Full time

The Co-operative Bank of Kenya Limited is incorporated in Kenya under the Company Act and is also licensed to do the business of banking under the Banking Act.

The Bank was initially registered under the Co-operative Societies Act at the point of founding in 1965.

CHIEF CREDIT OFFICER (

REF:
CCO/04/24)
Job Purpose

The Chief Credit Officer shall be responsible for the growth of the Society's loan portfolio, providing strategic leadership, customer relations management, and technical support in Credit administration and risk management in the Loans department.


Reporting to:
Chief Executive Officer

Job Type:
Contract – Two (2) Years

Main Duties and Responsibilities:
Ensuring compliance to lending policy and procedures in credit administration process in the Sacco;
Providing leadership in new loan products development and repackaging;
Policy implementation and review of Credit management strategies and procedures;
Participation in Credit Policy review in line with the changing business and regulatory environment;
Planning, coordinating, and monitoring debt recovery as well as instituting measures to recover non-performing/defaulted loans;
Responsible for managing relations with the debt recovery agencies/ institutions;
For cases in court involving debt recovery, will ensure relevant evidence in support of Sacco's case is properly documented , shared with key stakeholders in good time alongside well-prepared witnesses;
Budgeting of income projections for loan products and related financial obligations in the loans department;
Assessing and recommending the appropriate training needs for staff in the loans department;
Advising on release of any Securities/ collaterals whenever loans have fully been recovered;
Periodic credit reviews and assessment of credit worthiness of potential customers;
Providing regular and periodic reports to the CEO on the loan book status as required, with the appropriate recommendations where applicable;
Liaising with the Head of Finance in line with the Policy and prudential standards;
Setting goals for the Credit Administration department staff;
Conducting performance appraisals for personnel in the department;
Responsible for supervision, coordination, and motivation of the credit operations staff;
Responsible for managing relations with the other Sacco departments;
Any other duty as may be assigned by the supervisor.

Qualifications & Experience

Bachelor's degree in Finance, Accounting, Banking, credit management or any other related field.
Professional qualifications in Credit Management or qualifications like (CPA (K), CISA, CPS).
Registration with a recognized professional body or Association in good standing.
Diploma in Cooperative Management is an added advantage.

Minimum of 3 years relevant experience in credit administration or loan management gained from working at management level in a financial institution/SACCO.

Strong analytical skills, excellent communication, negotiation skills and interpersonal skills, focused, self-driven and attentive to detail.

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