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.

Visit http://www.kenyan-jobs.com/ for many more jobs in Kenya

Our client, full-service regional banking institution with operations in close to 30 countries on the continent looking to fill the position of Head of Early Warning and Remedial Management for its operations in Kenya. Reporting to the Head, Credit and Risk Management, the job holder will be accountable for the proactive management of the portfolio to prevent deterioration and increase the volume of recoveries of non-performing loans.

Key responsibilities:
Lead and motivate the early warning and remedial management team to achieve the department KPI’s and execute infrastructure initiatives and projects.
Determine strategies to minimize risks and maximize returns in the areas of asset disposal; restructuring and rescheduling; and litigation.
Review credit agreements and ensure credit and administrative compliance.
Interface with the legal department on collateral documentation/perfection.
Interface with relationship manager primarily and in some cases with clients directly for dispute resolution.
Carry out site visits to branches and business units, and accompany relationship managers when visiting clients to verify quantitative analysis on the ground.
Ensure weekly recovery reports are prepared and presented to respective management groups as required.
Recruit, manage, develop and retain team members. Provide coaching and training and a of team members to ensure their career development. Manage team performance and recommend salary increases and promotions and disciplinary actions when appropriate
Define and ensure consistent application of and operational compliance with company policies and guidelines in relation to collections

Position Requirements
A graduate in Business or related discipline with 5 to 10 years of loan administration experience, especially in the area of distressed loans.
Knowledgeable in all areas of documentation and reporting, having worked with external entities such as law firms and agent banks to ensure credit agreement compliance.
Knowledge of risk, control, operations, and IT processes in a corporate credit environment
Excellent communication skills and good team player
Confident, an excellent communicator and influence who commands authority and has superior negotiation skill.
Fluency in Kiswahili and English

Remuneration: The salary range for this position is between KShs 300,000 to KShs 400,000 gross per month plus benefits. The salary offered will be dependent incumbents experience and demonstrable contribution.

If you are interested in the position and have the skills we are looking for, we would like to hear from you. Please forward an application letter indicating your suitability to this role, together with a copy of your updated resume, and your current salary and benefit package, to recruit @tgagroupea.com by Tuesday 14th June 2011.

Please Note: we do not charge individuals any fee to accept or hold their applications in our database. We therefore do not accept any applications from agencies who charge their clients for submitting their resumes.

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