Jubilee Insurance Senior Credit Officer Job

Senior Credit Officer Job, Current Accounting Jobs In Kenya. 

Jubilee Insurance was established in August 1937, as the first locally incorporated Insurance Company based in Mombasa. Jubilee Insurance has spread its sphere of influence throughout the region to become the largest Composite insurer in East Africa, handling
Life, Pensions, General and Medical Insurance. Today, Jubilee is the number one insurer in East Africa with over 450,000 clients. Jubilee Insurance has a network of offices in Kenya, Uganda, Tanzania, Burundi, and Mauritius. It is the only ISO certified insurance group listed on the three East Africa stock exchanges – The Nairobi Securities Exchange (NSE), Dar es Salaam Stock Exchange and Uganda Securities Exchange. Its regional offices are highly rated on leadership, quality and risk management and have been awarded an AAin Kenya and Uganda, and an A+ in Tanzania. Jubilee Asset Management (JAML) is a wholly owned subsidiary of Jubilee Holdings Limited, that focuses on providing fund management and investment advisory products and services to institutional and retail clients. It is licensed and regulated by the Capital Markets Authority (CMA).
We currently have an exciting career opportunity for Senior Credit Officer – Insurance Premium Financing under a Special Purpose Vehicle (SPV) within Jubilee Asset Management Limited. The position holder will report to the Chief Executive Officer and will be based at our Head Office in Nairobi.

Role Purpose
The Senior Credit Officer – Insurance Premium Financing is responsible for managing the credit risk of the company’s insurance premium financing portfolio. The role involves analyzing creditworthiness, assessing risk, and recommending credit decisions to the management. The Senior Credit Officer will play a critical role in developing and ensuring that the company’s credit policies and procedures are adhered to, and that the loan portfolio is managed within acceptable risk parameters.

Main duties and responsibilities:

Loan processing:
The Senior Credit Officer will be responsible for managing the entire loan processing cycle, from receiving loan applications to disbursement of funds. They will be required to ensure that all loan processing documents are in order and are filed and stored correctly. They will also be responsible for conducting credit checks on potential borrowers to determine their creditworthiness.

Credit risk management:
The Senior Credit Officer will be responsible for assessing the credit risk of the company’s insurance premium financing portfolio. They will need to have a strong understanding of the market and industry trends to make informed decisions on which loan applications to approve or reject. They will also be required to make recommendations to the management on how to adjust the portfolio to reduce risk and maximize returns.

Loan collection and default management:
The Senior Credit Officer will need to have a strong understanding of loan collection processes and be able to manage defaulting accounts effectively. They will be required to liaise with the insurer on account termination for non-performing accounts and maintain up-to-date records of the loan book.

Reporting:
The Senior Credit Officer will be responsible for ensuring that frequent and timely formal and informal reporting is carried out. They will need to compile reports on the loan portfolio’s performance, including the number of loans approved, the average loan size, and
the rate of default.

Compliance:
The Senior Credit Officer will need to ensure that the lending policies and guidelines are adhered They will need to have a good understanding of the laws and regulations governing the financial services industry and ensure that the company’s policies and procedures are in compliance.

Staff training:
The Senior Credit Officer will be required to develop and update lending manuals and ensure that staff members are trained on the same. They will need to have strong leadership and mentoring skills to help the team develop their credit processing skills.

Customer service:
The Senior Credit Officer will need to ensure that borrowers and other stakeholders involved in the loan process receive accurate information about loan terms and conditions. They will need to have excellent communication and stakeholder management skills to maintain positive relationships with clients and other stakeholders.

Key Competencies

• Visionary & Commitment
• High Integrit
•  Team Spirit
• Customer Focus
• Continuous Innovation
•  Ability to understand economic and financial trends is a requirement.
• Good communication skills.
• Good stakeholder management skills.
• A high level of attention to detail
• Ability to work under pressure.

Qualifications

• A Bachelor’s degree in a relevant field such as accounting, finance, banking, business, or economics.
• A Master’s degree in a relevant field is preferred but not always required.
• Professional certifications such as Chartered Financial Analyst (CFA), Certified Public Accountant (CPA), or similar relevant certifications would be an added advantage.

Relevant Experience

• At least 3 – 5 years’ experience in busy environment preferably within the financial services industr
• Have the personal qualities to develop strong stakeholder relationships.
• Demonstrate ‘best in class’ knowledge of all credit processes.

How To Apply

If you are qualified and seeking an exciting new challenge, please apply via Recruitment@jubileekenya.com quoting
the Job Reference Number and Position by Friday, 5th May 2023.
Only shortlisted candidates will be contacted

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