Credit Operations Officer-Credit Services at

1 month ago

Nairobi, Nairobi Area, Kenya Old Mutual Kenya Full time

Old Mutual Kenya is based in Nairobi and is part of a larger group that offers solutions in long-term savings, asset management and investment.

We offer solutions to individuals and corporates underpinned by our core values which are:
Respect, Integrity, Accountability and Pushing beyond boundaries.
Summary


To ensure compliance with internal credit operations policies and procedures, best practices and CBK prudential guidelines to facilitate management of credit risks within tolerable levels.

Originates all credit facilities disbursements for all segments and syndicated loans while ensuring absolute data integrity when capturing the credit facilities in the company's core banking system.

The role handles all credit disbursement and repayment for all products sectors in the company by following the laid down procedures and completeness off all credit documentation so as to safeguard the institution.


The holder also handles Group Cover Insurance Fund (GCIF) related duties including placement of first-time loan covers, GCIF renewal for existing loans, and refund for unutilized GCIF premium.

To prepare and submit Credit Operations reports within agreed timelines.
Key responsibilities
Compliance reviews

Detailed checks on physical approved loan applications before disbursements.
System check of Cash collateral loans to ensure the collateral exists before the loans is disbursed
Continuous review of system modules related to loans to ensure proper functionalities.
Review of loan limits and other product fact sheet provisions to ensure proper set.

Loan Disbursement

Processes all approved credit facilities in all sectors within the business.
Ensures accuracy in data capture in the system to ensure that the reports being generated are of quality.

Generates all system entries in regards to capturing of Overdraft facilities and System review of MOUs to ensure they are properly configured as per the approved documentations.

Review of loan limits and other product fact sheet provisions to ensure proper set.
Monitor and ensures that there are un-authorized transactions within the system.
Analyze and review loans related issues and seeks waiver and adjustment
Ensures to process all loan repayment general ledgers as per the provided files.
Monitor and review problematic loan contracts and recommend a solution.

Process Reviews & Controls Monitoring

Monitor and review adequacy of internal controls (e.g. documentation requirements, approvals limits and thresholds,
Continuously review Credit operations processes to ensure )

Portfolio Monitoring & Revenue Assurance

Revenue assurance tests to ensure loan set up fees, GCIF and chattels mortgage are Duly collected as per the provided documentations.

Recomputation of loan schedules for testing accuracy

Ensures that all interest waiver amount debited from PL account are credited back as expected when processing top up or buy off cases.

Ensures that the clients are charged the rightful interest amount when processing top ups and buy off loans.
Review of interest rates, repayment frequencies, days of arrears, and other loan fields.

Review list of recovered loans and ensure recovered amount as per right off cases are posted to the correct accounts.

Ensures to countercheck on the refund documentation provided from the branches before the same is posted into the system to minimize on risk of overfunding the company's funds.

Documentation

Ensures that all documentation in regard to loan processing are filled as per the required processes to as to easen retrial purposes once the physical application is required.

Maintains a proper filling systems for all refund and posting documentation provided.

Credit Operations Reporting

To prepare for review the various Credit Operations Reports within the agreed timelines.
(Reports include but not limited to; Daily Disbursement reports, Branch performance trend, Cash Collateral Loans Report, Branch disbursement Ranking Report, Disbursement per segment report.)

GCIF Reconciliation.

Review of new loans booked within the month and have the GCIF covers placed.
Have the covers for existing loans renewed at anniversary.
rocess refunds of unutilized premium for paid off loans.

AML KYC & CFT Responsibilities

Monitor, on a continuous basis, all transactions to ensure that unusual and suspicious transactions are reported to the Money Laundering Reporting Officer (MLRO)
Implementing and enforcing the board approved AML, KYC & CFT policy in as far as is applicable within my area of responsibility

Staff Supervision & Relationships

Staff Reporting Directly to the Job Holder

None

Relationships

ICT Business Systems – timely availability of the core banking system on a day-to-day basis.
Quality Assurance and Security Perfection- providing approved applications for disbursement on time.
Bancassurance and Finance-sharing the correct income earned within the month from commissions relating to GCIF.

Requirements
Education

Degree in Business
ICT & Banking Operations

Desirable

Degree & Credit Certifications and Operations

Knowledge and Skills

Analytical skills
Financial Management and accountancy
Reporting writing skills
Proficiency in T24 skills with practical experience in Lending
Excellent Computer packages knowledge
Working knowledge of Emerge T24
Report writing abilities

Experience

At least 2 years' experience in Credit operations and GCIF reconciliation in a financial institution
Practical experience in Credit Operations lending and Group Cover Insurance Fund (GCIF) reconciliation.

Personal Attributes

Assertive with excellent interpersonal skills
Honest and high degree of confidentiality
Analytical mind with vast knowledgeable on the Financial services sector
Assertive
Speed and accuracy highly valued
Highly organized, Creative and Innovative
Proactive and fast decision maker

  • Credit Officers at

    4 weeks ago

    Nairobi, Nairobi Area, Kenya Mwananchi Credit Ltd Full time

    Mwananchi Credit Limited was incorporated as a private limited company under the Companies Act (Cap 486) of the Laws of Kenya. It initially started operations under the names Mwananchi Microlink Ltd which was incorporated on 15th April 2010. On 10th January 2012, it later changed its names to Mwananchi Credit Limited.Requirements and skills Proven work...

  • Credit Officers

    4 weeks ago

    Nairobi, Nairobi Area, Kenya Mwananchi Credit Limited Full time

    JOB SUMMARYRequirements and skillsProven work experience as a Credit Officer, Loan Officer or similar role.Hands-on experience with lending procedures and products.Strong analytical skills and customer service experience.Bachelor's degree or college diploma in finance, or business administration, or related filed.RESPONSIBILITIESSend your application &...

  • Credit Manager at

    1 month ago

    Nairobi, Nairobi Area, Kenya Mwananchi Credit Ltd Full time

    Mwananchi Credit Limited was incorporated as a private limited company under the Companies Act (Cap 486) of the Laws of Kenya. It initially started operations under the names Mwananchi Microlink Ltd which was incorporated on 15th April 2010. On 10th January 2012, it later changed its names to Mwananchi Credit Limited.Requirements The role is responsible for...

  • Credit Managers

    4 weeks ago

    Nairobi, Nairobi Area, Kenya Mwananchi Credit Ltd Full time

    Mwananchi Credit Limited was incorporated as a private limited company under the Companies Act (Cap 486) of the Laws of Kenya. It initially started operations under the names Mwananchi Microlink Ltd which was incorporated on 15th April 2010. On 10th January 2012, it later changed its names to Mwananchi Credit Limited.Job SummaryThe role is responsible for...

  • Sales Associate at Mwananchi Credit Ltd

    1 month ago

    Nairobi, Nairobi Area, Kenya Mwananchi Credit Ltd Full time

    Mwananchi Credit Limited was incorporated as a private limited company under the Companies Act (Cap 486) of the Laws of Kenya. It initially started operations under the names Mwananchi Microlink Ltd which was incorporated on 15th April 2010. On 10th January 2012, it later changed its names to Mwananchi Credit Limited.Salary RangeKSh 30,000 - KSh...

  • Sales Agent at Mwananchi Credit Ltd

    1 month ago

    Nairobi, Nairobi Area, Kenya Mwananchi Credit Ltd Full time

    Mwananchi Credit Limited was incorporated as a private limited company under the Companies Act (Cap 486) of the Laws of Kenya. It initially started operations under the names Mwananchi Microlink Ltd which was incorporated on 15th April 2010. On 10th January 2012, it later changed its names to Mwananchi Credit Limited.Salary Range : KSh 30,000 - KSh...

  • Credit Risk Officer at

    2 days ago

    Nairobi, Nairobi Area, Kenya Yehu Microfinance Services Limited Full time

    Yehu Microfinance began as a project of CHOICE Humanitarian in 1998 with 300 female members in a small rural village in the Kwale County, Kikoneni located in the former (before the promulgation of the new Constitution) Coast Province of Kenya.SummaryAs a Credit Risk Officer, the successful candidate will play a pivotal role in assessing creditworthiness,...

  • Customer Service Agent at

    1 month ago

    Nairobi, Nairobi Area, Kenya Platinum Credit Limited Full time

    Platinum Credit Limited is a credit only Micro-Finance Company licensed in Kenya under the Company's Act. The company, was founded in 2003 with a vision to provide emergency loans to Civil Servants, TSC members and employees of selected companies. We deliver cash in 24hours, with minimum bureaucracy and swift customer service.Requirements Proven work...

  • Credit Officer at

    1 month ago

    Nairobi, Nairobi Area, Kenya Sistema Biobolsa Full time

    Sistema Biobolsa is a system that transforms the manure of animals into biogas and a potent, natural fertilizer.Your mission at The credit officer will be responsible for receivables risk management within the assigned region by ensuring monthly collection target is achieved, PAR 90 of less than 10% is achieved and credit committees are done within set...

  • Sacco Micro Credit Officer at

    20 hours 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.MICRO CREDIT OFFICER REF:(SS/MCO/05/24)Reporting to Head of Credit, the individual will be...

  • Branch Manager at

    3 hours ago

    Nairobi, Nairobi Area, Kenya Credit Bank Full time

    Our history dates back to 1986 when we were incorporated under the brand name, Credit Kenya Limited and commenced operations the same year as a financial institution. Later in 1995, we upgraded to a fully-fledged commercial bank and changed our brand name to Credit Bank Limited (CBL). The Bank currently has sixteen branches dotted across the country.Main...

  • Recovery Officers at

    1 month ago

    Nairobi, Nairobi Area, Kenya Mwananchi Credit Ltd Full time

    Mwananchi Credit Limited was incorporated as a private limited company under the Companies Act (Cap 486) of the Laws of Kenya. It initially started operations under the names Mwananchi Microlink Ltd which was incorporated on 15th April 2010. On 10th January 2012, it later changed its names to Mwananchi Credit Limited.Job SummaryWe are looking for committed...

  • Credit Controller at

    1 month ago

    Nairobi, Nairobi Area, Kenya Tsebo Solutions Group Full time

    As a leading workplace management solutions provider across Africa Middle East, operating in over 27 countries, with over 38, 000 employees, Tsebo Solutions Group offers our clients improved workplace productivity that supports their success. Our local expertise, global standards and innovative integrated solutions enable us to be the company that supports...

  • Network Officer at

    3 weeks ago

    Nairobi, Nairobi Area, Kenya Credit Bank Full time

    Our history dates back to 1986 when we were incorporated under the brand name, Credit Kenya Limited and commenced operations the same year as a financial institution. Later in 1995, we upgraded to a fully-fledged commercial bank and changed our brand name to Credit Bank Limited (CBL). The Bank currently has sixteen branches dotted across the countryMain...

  • Head of PAYGO Credit Operations, Daylipa Financing Credit Operations at

    1 month ago

    Nairobi, Nairobi Area, Kenya Davis & Shirtliff Group Full time

    The Davis & Shirtliff Group is the leading supplier of water related equipment in the East African region. Founded in 1946, business activities are focused on six principal product sectors - Water Pumps, Boreholes, Swimming Pools, Water Treatment, Generators and Solar EquipmentResponsibilitiesThe successful candidate will have the following key...

  • Credit Analyst/Admin Reliver at

    4 weeks ago

    Nairobi, Nairobi Area, Kenya Inuka Africa ltd Full time

    ABOUT USInuka Africa ltd is a non-deposit taking microfinance institution registered and operating in Kenya since 2011. We provide training, capacity building and financing to micro and small enterprises, small holder farmers and agribusiness sectors. We are intensely focused, fast growing and super passionate about what we do.ABOUT THE ROLEWe are looking...

  • Credit Analyst at

    1 month ago

    Nairobi, Nairobi Area, Kenya Consolidated Bank of Kenya Full time

    Consolidated Bank of Kenya Limited was incorporated on 7th December, This was in an effort to stabilise the financial sector through the acquisition of nine insolvent institutions and thereafter restructuring them into a viable, professionally run commercial bankJob PurposeReporting to the Manager, Credit Analysis, the Credit Analyst will be responsible for...

  • Direct Sales Representative

    3 weeks ago

    Nairobi, Nairobi Area, Kenya Ngao Credit Full time

    ABOUT THE COMPANYNgao Credit Limited, a non-deposit taking Micro-Finance Institution (MFI), was incorporated as a Private Limited Company under the Companies Act (Cap 486) of the Laws of Kenya, on March 20, 2008 and commenced operations on July 1, 2009. Ngao Credit Limited (hereafter referred to as NCL) is also licensed by the City Council of Nairobi to...

  • Sales Officer

    1 month ago

    Nairobi, Nairobi Area, Kenya Watu Credit Limited Full time

    Watu Credit Limited is a dynamic and fast-growing non-bank finance company. Watu Credit Limited harnesses technology to offer unsecured lending, primarily via mobile services. We aim to become the leading African provider of a broad set of inclusive financial products, delivered through technology in a fast, efficient and professional manner.General...

  • QSSK-CO-Credit Officers

    3 hours ago

    Nairobi, Nairobi Area, Kenya Q-Sourcing Servtec Group Full time

    DUTIES & RESPONSIBILITIES:Ensuring timely dispatch of monthly statements and invoices to clients.Enhance cash flows by ensuring customers comply with the payment plans.Ensuring client's records are organized and well maintained; these include invoices, demand letters, credit appraisal and any other relevant document both routine and confidential in...