Daraja Microfinance Bank Credit Manager Job in Nairobi Kenya

Our client, Daraja Microfinance Bank (www.darajabank.co.ke) was licensed by Central Bank of Kenya as a community Microfinance Bank for the Dagoretti Division, since January 2015. 

Daraja’s target market is the Micro and Small Enterprises (MSEs), their owners and employees with the underlying goal being to help both individuals and groups achieve their financial goals. 

As part of its strategic plan, Daraja Bank is seeking to go national to be among Tier 1 MFBs in Kenya.
 

They are seeking to recruit a highly talented professional to fill in the following position in their Nairobi office:
 

Credit Manager
 

 

Reporting to the Chief Executive Officer, this is a position responsible for the overall leadership of the credit management function and successful attainment of a healthy loan portfolio through risk mitigation. 

Principal Accountabilities:

• Manage the daily administration for loan documentation in full compliance with the internal standards and external regulatory requirements


• Review loan documents; ensure completeness as per the company policy and procedures with respect to amount of finance, terms and conditions and liaise with internal and external parties to ensure proper and efficient administration of duties


• Conduct periodical review on loan administration policy and procedures to streamline workflow


• Generate, review and maintain loan disbursement reports for presentation to credit committees, and provide monthly reports on the same, in accordance to the credit policy and guidelines.


• Responsible for collateral valuation, collateral monitoring and collateral reconciliation with original documents, weekly monitoring of any pledged shares value to ensure compliance of coverage ratio and advise Corporate Credit to request top up in case of workflow.


• Ensure post disbursement compliance with approved terms and conditions, assignment of rights, review expiry of credits, progress on payment, insurance etc.


• Review daily system credit monitoring and management reports and identify non performing accounts with irregularities and proactively follow-up to ensure corrective action taken in line with credit policy.


• Monitor all irregularities, past dues, documentation of deficiencies and report to senior management.

Qualifications, Experience and Knowledge:

• Degree in Finance, Banking, Accounting or related field.


• Professional qualifications in Credit Management, CPA (K) or ACCA


• A minimum of 6 years of experience in credit operations with 2 years in a supervisory role


• Should have thorough understanding of the Banking Act and Central Bank regulations


• Experience in developing lending products in a financial industry

Interested candidates are requested to forward their updated CVs to recruit@virtualhr.co.ke by 9th May 2016 stating their current and expected remuneration, daytime telephone contacts and addresses of three referees. 

Only shortlisted candidates will be contacted.