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Credit & Collections Officer
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Job Description

The incumbent is responsible for credit analysis,  loans collection, follow-up of loans in arrears, communicating with the members and guarantors on loans in arrears.     He/she also prepares periodic collection and arrears reports and works on ways to enhance related collections.  

 

Responsibilities

  • He/she also prepares periodic collection and arrears reports and works on ways to enhance related collections. 
  • Provides continuous follow-up to the members for their due payments and collection of payments.  
  • Ensure compliance with Statutory and regulatory requirements are in order 
  • Manage cost and expenditure of the Sacco within the approved budget  
  • Conducts proper follow-up on pending payment collections with members. 
  • Ensures payments from customers are collected promptly and as due comes 
  • Advising  members  on  the  status  of  their  loan applications 
  • Makes  calls,  sends  letters, and  records  all forms of correspondence  to  the  members  for  monitoring purposes 
  • Ensure  they  obtain  loan  approvals  by  the  credit committee  
  • Compute loan balance for clearance by members 
  • Develop  and  maintain  relationships  with  clients and ensure effective communication  
  • Arranges  and  conducts meetings with  the  members to  ensure  good  clientele  relation  and  to  assure collection can be made when due date comes  
  • Provides  accurate  reporting  of the aging  report  and outstanding loan position 
  • Analyse  financial  information  to  recommend  and develop  efficiency  use  of  resources  and procedures  and  provide  strategic recommendation  and  solutions  to  business  and financial problems 

 

Skills and Qualifications

  • Bachelor’s degree in a business-related field (Accounting, Business, and Finance Options).
  • Credit & Collections Certification or Equivalent is an added advantage. 
  • 3  years experience in  Credit and  Collections environment,  specifically in a  Regulated SACCO.  
  • In-depth Knowledge of SASRA Regulations.  

 

Job Details

Level : Mid level
Industry : Business
Salary : Confidential
Experience : 3 Years
Applications : 8
Locality : Nairobi, Kenya
Eligibility : Bachelor
Company : Kaziweza limite...
Job ID : #579
Posted By Kaziweza limite... / 30 Nov 2021
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