Assistant Credit Officer Contract NEW

– Vision Regulated NWDT Sacco Society Ltd seeks to recruit an Assistant Credit Officer responsible for loans appraisal, recovery and debt collection. We are looking for a go-getter, positive-minded, ambitious and self-driven individual who fits the role profile captured below:

– Reporting to: Credit Officer

– Tenure: 2 years renewable contract

Key Responsibilities:

• Evaluate the credit worthiness and risks of a loan applicant
• Review and appraise the loan requests
• Ensure members receive notifications on their loan application progress
• Handling customer complaints on loans and taking appropriate actions to resolve them
• Ensure timely and accurate reporting
• Ensure defaulters are followed up through calls, messages and letters.
• Monitor the collection and reports from the debt collectors on board.
• Proper filing of all loan applications disbursed.
• Conduct proper follow-ups on all arrears and update records.
• Ensure Sacco debts are recovered on time and efficiently.
• Coordinate daily execution of debt follow up by phone, visits and recovery.
• Responsible for negotiating repayment plans with delinquent members.
• Monitoring and rehabilitating bad debts.
• Sending of Demand Notice Letters.
• Preparing instructions to auctioneers and debt collectors.
• Sending of loan monitoring reports to the Credit Manager to aid in proper loan monitoring.
• Doing call visits to members to follow up on late payments and writing call reports to document the same.
• Ensuring that recovery costs are debited to the respective member accounts.
• Keeping all records pertaining to recovery and also filing copies in member files.
• Recommending loans for write off.
• Keeping proper records pertaining to securities recovery and sale.
• Presenting recovered securities sale bids to the Procurement Committee with recommendations on disposal.
• Tracking missing/hiding defaulters and ensuring payments are done.
• Preparing timely recovery & collection reports.

Qualifications & Experience:

• Holds a Bachelor’s degree in Cooperative Management, or a business-related field e.g. Accounts, Finance, etc.
• Professional Credit or Debt recovery qualifications (Certified Credit Professional) or CPA 1, will be an added advantage.
• Must be proficient in MS Office Suite Packages. Experience in use of Navision Information Management System will be an added advantage.
• At least two (2) years practical experience with proven result-oriented track record in credit administration/recoveries in a financial institution.

Key Competencies and Attributes:

• A go-getter, good negotiator, enthusiastic, and results oriented.
• A forward planner with clear focus, mature, reliable, hardworking and able to work without supervision.
• Sound knowledge of the debt recovery procedures and strategies
• Honest and with high integrity.
• Effective organizational skills and ability to handle work in an efficient and timely manner.
• Good analytical ability.
• Good communication and interpersonal skills.
• Report writing skills.
• Problem analysis and solving skills
• Attention to details.