Sacco Debt Recovery 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.

DEBT RECOVERY OFFICER (

REF:
DRO/04/24)
Job Purpose
The Debt Recovery Officer will support the Sacco in effective Debt collection as per strategic plan targets.

She/he is responsible for the accurate analyses of loan applications, credit data, financial information & other relevant information to assure on the loan security, ability to repay loans and the associated credit risk.


Reports to:
Loans Recovery Head

Main Duties and Responsibilities

Ensure effective and efficient recovery of loans.
Follow up of remittances and variances for assigned loans portfolio.
Key KPI – Collections for SMEs and Business members.
Identifying delinquent loans and sending all notices to the loanees and guarantors.
Identifying defaulted loans and instigating recovery from guarantors/ realizing of securities in liaison with Debt Recovery Lead.
Sending member statements.
Field/ Business visits as necessary.

Reports:
Preparing accurate and timely weekly/ monthly collection reports.
Any other lawful duties that may be assigned from time to time.

Requirements
Qualifications & Experience

Diploma in Co-operative Management, Business Administration, or its equivalent qualification.
A bachelor's degree in Cooperative management or its equivalent is an added advantage.
Minimum two (2) years' experience in a similar role in a financial institution.
Proficiency in computer skills.
Proficiency in computerized accounting system

Personal Attributes required for this role:
Debt recovery analysis skills.
Good Analytical Skills.
Good communications and negotiation skills.
A person of Integrity.
Team player

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