Senior Recoveries Officer at HFC Kenya

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Senior Recoveries Officer

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Employer: HFC Kenya

Employment: Full-Time | Permanent

Place of Work: Nairobi - Kenya

Posted date: 3 weeks ago

Deadline: Submission date is over

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About the job

HFC Limited, the banking and property finance subsidiary of HF Group, has an exciting opportunity in our Credit Department. We are seeking a talented, dynamic, self-driven, and results-oriented individual who is committed to performance, excellence, and participating in our growth strategy.

Ensure focused attention on and closely monitor the performance of an assigned portfolio of accounts in NPL by identifying, reviewing, monitoring and implementing Recoveries’ action plans to ensure performance of the portfolio. A clearly defined strategy for returning the accounts to performing status or exit must be documented and approved in each case.

Category: Credit

Principle Accountabilities

• Reviewing and identifying accounts NPL and recommending the best plan of action for resolution.
• Implementing approved remedial plans and monitoring performance of accounts to ensure that the allocated portfolio is rehabilitated.
• Ensuring that NPL accounts are rehabilitated and adverse risk classification is reduced.
• Conducting customer call visits to access business performance for SMEs and Corporate clients and filing call visit reports for management use.
• Ensure accurate Recoveries Progress Reports (CPR) that is detailed on assigned portfolio are generated and reviewed per prescribed frequency.
• Reduction of monthly loan provisioning amounts from current average as prescribed.
• Coordinating with external service providers e.g. brokers, auctioneers, valuers and insurance companies on the recovery process for assigned accounts where applicable as per TAT.
• Receiving, reviewing and filing all loan related documents for continuous usage and access.

Key Competencies and Skills

Technical Competencies

• IT Skills
• Basic principles of banking and lending

General Competencies

• Analytical
• Communication skills
• Interpersonal skills
• Team player
• Core Credit Skills competencies – Credit Administration, Portfolio monitoring and Evaluation.
• Well conversant with all the credit function roles.

Education

• University degree Upper 2nd Class Honors or 3.0 GPA in Credit management or Business related field.

Experience

• 5 years’ experience, 3 of which should be in credit / lending in a debt management / Recoveries functions or credit analysis.

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