Banking Jobs in Nairobi, Kenya - Microfinance

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:
 

Reporting

to the Chief Executive Officer, this is a position responsible for leading and

directing Information Technology strategy, product development, technology

infrastructure and operations capability for the Company. 

The

incumbent will also ensure that demands and requirements are balanced within

the IT and business divisions.

Principal Accountabilities

• Developing
  
  and executing an ICT Strategy and related ICT standards in support of and
  
  to enable the overall company strategy


• Positioning
  
  ICT as a proactive technology driver, whilst maintaining a collaborative
  
  delivery focus


• Recommending
  
  and motivating new services based on market trends, customer needs and the
  
  Company’s strategy


• Taking
  
  responsibility for managing the relationships and processes with
  
  regulators, industry stakeholders and internal stakeholders and software
  
  vendors.


• Aligning
  
  ICT objectives and programs/projects to enterprise – wide objectives and
  
  strategies


• Establishing
  
  networking environment by designing system configuration; directing system
  
  installation; defining, documenting, and enforcing system standards.


• Facilitating
  
  product development along the ABC module.


• Risk
  
  identification and coming up with mitigations around the system


• Designing
  
  and enforcing network systems policies and procedure

Qualifications, Experience and Knowledge

• Degree
  
  in Computer Science, IT, or any related field


• A
  
  minimum of 5 years of experience with 2 years in leading a technology
  
  organization in financial services industry


• Should
  
  have recognized professional certifications in IT


• Experience
  
  in developing products, product positioning, launching new products and
  
  developing and executing go – to – market strategies.


• Should
  
  have proven in IT innovations


• Strong
  
  business case & analytical abilities

Reporting to the Chief Executive

Officer, this is a position responsible for providing leadership and managing

the activities of the insurance brokerage firm by developing and maintaining

good working relationships with clients.

Principal Accountabilities

• Source and secure new businesses, building and
  
  managing a customer portfolio;


• Ensure new clients are provided with
  
  quotations and continuous follow up is in place


• Undertake market research in order to identify
  
  and recommend competitive products and services


• Deal with client issues in regard to
  
  insurance; claims, underwriting and other duties as may be assigned


• Responsible for the overall operations of the
  
  business and will be specifically responsible for compliance and all
  
  affairs of the regulator


• Liaise with the regulator and provide all
  
  necessary reports


• Provide reports on the state of the business
  
  to senior management and the Board;


• Gaining new business by identifying and
  
  exploiting opportunities in the market


• Increasing profitability of existing product
  
  lines by encouraging clients to use added value services wherever possible


• Ensuring credibility with clients by
  
  maintaining detailed knowledge of current market conditions and
  
  competitors’ products;


• Builds company image by collaborating with
  
  customers, government, community organizations, and employees; enforcing
  
  ethical business practices.


• Direct and coordinate organization’s financial
  
  and budget activities to fund operations, maximize investments, and
  
  increase efficiency.


• Review financial statements, sales and
  
  activity reports, and other performance data to measure productivity and
  
  goal achievement.

Qualifications, Experience and

Knowledge

• Degree in commerce – Finance / Banking /
  
  Insurance option


• Diploma in Insurance (AIIK or ACII)


• 6 years’ experience in the insurance industry
  
  with extensive knowledge of marketing


• Knowledge of the Insurance products and
  
  services and IRA regulations

Credit Administration Officer
 

Reporting to the Credit Manager, this

is a position responsible for ensuring proper credit administration and loan

recovery.
 

Principal Accountabilities:

• Appraising and making recommendations on
  
  credit proposals and ensuring compliance with the institution’s credit
  
  policy & procedures 


• Vetting and analyzing collaterals/securities
  
  provided for approved facilities against facility terms and conditions


• Monitoring and periodic reviews of customer
  
  and their credit lines to ensure recovery strategies are performed.


• Ensuring that all weekly, monthly and
  
  quarterly credit risk reports are properly prepared and presented to
  
  management for review.


• Authenticating documentation presented for all
  
  credit applications and ensuring that they meet the KYC requirements.


• Enhancing credit risk management techniques in
  
  the credit administration


• Maintaining credit files and updating all the
  
  credit documents

Key Skills and Qualifications:

• Diploma in finance, accounting or related
  
  field


• Minimum of 2 years’ experience in a credit
  
  function in a financial institution


• Experience in financial auditing is an added
  
  advantage.


• Excellent communication and presentation
  
  skills with outstanding reporting skills.

Reporting to the Credit Manager, the

Credit Analyst will be responsible for undertaking credit appraisals in order

to ensure a quality loan book as well as making recommendations to the

Management on each credit proposal in accordance with the Bank’s Credit Policy.

Principal Accountabilities:

• Review and make recommendations to the Credit
  
  Manager relating to all new facilities


• Responsible for extensive analysis of
  
  financials of the borrower(s) to establish their financial credentials


• Ensure critical risk monitoring of loan
  
  portfolio, highlighting specific action points for accounts in excess/over
  
  approved limits and loans in arrears


• Daily review of the overdraft referral list
  
  and loan arrears report and factoring the same in the analysis (for the
  
  existing customers);


• Prepare and check offer letters in line with
  
  the approval terms and conditions


• Prepare credit reports, statutory returns, manage
  
  risk and ensure compliance with bank’s credit policy and procedures


• Conduct risk profiles of various business
  
  sectors to act as guidance in assessments of related credit applications


• Analyze the loan book in terms of credit risk
  
  exposures to the bank and provide advice on courses of action for
  
  individual facilities


• Ensure compliance of all internal and
  
  regulatory credit/other portfolio related policies


• Ensure timely submission of quality Quarterly
  
  Credit Reports

Key Skills and Qualifications:

• Bachelor’s degree in Finance or Accounting or
  
  related field


• Professional qualifications – CPA (K) / ACCA


• Minimum of 3 years’ experience in credit
  
  analysis in a financial institution


• Strong analytical and problem solving
  
  abilities, highly numerate and inquisitive.

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.