Gulf African Bank Remedial Manager and Credit Manager Jobs in Kenya

Gulf African Bank is one of the few fully Sharia'h compliant banks operating in this region. Our products address the needs of not just Muslims, but everyone in the market. Some of our innovative products have won awards, and our customer service has been labeled exceptional.

We are more than just a financial service provider – we are a real partner in business.

We are currently inviting applications for the following vacant positions:

Remedial Manager

Key Responsibility:

Reporting to the Head of Credit, the Remedial Manager will ensure adequate management and controls over all overdrawn accounts and non-performing loans (NPLs), realising collateral in a timely manner and implementing prompt legal action in order to maximise recovery of the debt and ensure that all unrecoverable debt is written off once the recovery process has been exhausted.

This includes facility restructuring where possible.

Main tasks:

To ensure that the correct level of provision is raised in line with regulatory requirements and the bank's internal procedures and that all set targets for the reduction / recovery of debt are met.To ensure all Bank and statutory returns related to NPLs are accurately and timely produced.To ensure that all the necessary systems and controls are in place to properly manage the NPL book and maximise the recovery of debt.To control and monitor the outsourced recovery process.To recommend the correct level of provision in line with regulatory requirements and the bank's internal procedures. Resolve all customer queries that arise on accounts that have been placed under the remedial actions.To recommend write off of unrecoverable debt once all the recovery avenues and processes have been exhausted.To ensure compliance with Central Bank regulations.To ensure that all monthly and quarterly CRB, credit risk and non-performing loan returns/reports are properly prepared, signed off and submitted within set deadlines.To peruse Internal Audit reports and ensure that any shortcomings highlighted with regard to NPLs have been sufficiently addressed.To prepare Credit proposals for restructured facilities and/or repayment proposals.Qualifications, skills and experience required:
A Degree preferably in Finance or Business from a recognized universityExperience in remedial management is compulsoryPossess credit analysis skillsLegal knowledge in recovery will be an added advantagePrevious corporate banking relationship management is also an added advantageGood interpersonal and negotiation skills are necessary due to nature of the jobHave worked in a busy credit control/recoveries department for at least 3 yearsCredit Manager

Key Responsibility:

Reporting to Head of Credit, the successful candidate will be responsible for credit risk evaluation of proposals from the various market segments and sectors.

He/she will be in-charge of a team of Credit Analysts to ensure thorough analysis and evaluation of proposals emanating from business.

One will also be expected to sit for the Head of department in his/her absence and work closely with Management Credit Committee.

Main tasks:

To carry out comprehensive credit risk analysis and appraisals of loan proposalsTo ensure compliance with CBK requirements relating to bank lendingTo ensure achievement of acceptable recovery rate for all disbursed facilitiesTo prepare and submit CBK returns within set timelinesTo respond to customer queries promptlyTo supervise a team of credit analysts within the credit functionTo deputize the Head of CreditTo work closely with the Management Credit Committee (MCC) in approving of facilities recommended by businessQualifications, skills and experience required:
A Degree preferably in Finance or Business from a recognized universityFull qualification in accounting / financeAt least 3 years working experience at similar level gained in a busy Credit role in a BankSupervisory experience a compulsoryMust have knowledge in core computer system usage in creditMBA holders are preferredApplications for these positions should be sent with detailed CVs and names of three referees to reach us on or before Friday 12th August 2011 through our recruitment e-mail recruitment@gulfafricanbank.com

Only short-listed candidates will be notified within two weeks of the closing date.

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