The role will set and implement appropriate recovery strategies in line with the Sacco processes, policies and procedures.

Key Responsibilities

  • Ensure focussed attention on and close monitoring of the performance of delinquent loans and proactively action the same.
  • Developing, documenting and implementing new recovery strategies.
  • Identifying, assessing and evaluating risk areas in recovery and making appropriate recommendations for improved collections of SACCO’s funds.
  • Identifying key risks that are associated with collaterals, assessing those risks, and establishing the best practices to counter and ensure effective collections.
  • Ensure delinquent loan recovery processes meet targets.
  • Working with other players in the market with a view to enforcing recoveries from members with default.
  • Ensuring timely delivery of recovery schedules to different payroll centres.
  • Preparing accurate and timely monthly reports, clearly indicating performance and delinquency levels.
  • Loan default management – ensure timely collection and recovery of Society’s funds.
  • Management of CRB listing and ensure loans are listed appropriately, information sharing and reference.
  • Debt collection management including effective allocation of accounts for debt collection, reviewing debt collection performance both internal and external and making necessary recommendations.
  • Ensuring the loan recovery officers adhere to the default management policy on recoveries.
  • Managing customer queries and complaints within set turnaround time and service level agreement (SLA).
  • Ensure timely communication to members with regards to loan repayments and recoveries.
  • Ensure call visits are conducted as maybe appropriate.
  • Attend to escalated complaints in a timely manner.
  • Ensure efficient management of external service providers and timely renewal of all SLAs.

Requirements

  • The successful candidate must have 5 years’ experience in a financial institution, 3 of which must be in debt recovery.
  • Bachelor’s Degree from a recognised university
  • Diploma in cooperative Management / ACCA/ CPA(K)
  • Membership to relevant professional body with good standing i.e. ICPAK

Skills

  • Analytical and report writing skills
  • Financial and credit risk knowledge
  • Great communication skills
  • Negotiation and remedial management skills
  • Team player
  • Planning and organisation skills
  • Commercial and industry awareness

How to Apply

Interested candidates should email their updated CV and Cover letter in pdf format to recruitment@ushurusacco.com and copy Hr@ushurusacco.com to be received by 17th May 2023. Clearly indicating the job title.

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