Credit Administration Officer - Faulu Kenya Limited in Nairobi

Job Title: Credit Administration Officer

JOB REF: HR: 006/05/2013 (7 Vacancies)

Faulu Kenya Deposit Taking Microfinance Limited is a dynamic Christian organization within the Micro-Finance sector.

Faulu was the first Micro Finance Institution in Kenya to be licensed by the Central Bank as a deposit taking institution.

In line with the growing business needs, the organization is seeking highly competent, focused and results oriented professionals to fill the following positions in our Credit & Risk Department;

Job Summary:

Working closely with the Senior Credit Administration Officer, he /she will ensure that all Consumer Lending proposals/applications from the branches are reviewed for credit risks in accordance with internal policies and procedures, CBK prudential guidelines and best practice.

He /she shall safeguard the institution against loss by ensuring accuracy, completeness and credit worthiness of Consumer Lending proposals, recommend appropriate risk mitigation mechanisms and setting up relevant sanction conditions, consumer MOU reviews and post disbursement follow ups.

Key Responsibilities

Verify all consumer loan applications with the employers to confirm the authenticity and ability.
Accurately prepare deduction data advice forms, submit them to the relevant employers and ensure that all consumer loans disbursed are fully recovered in order to maintain a quality portfolio.
Collect payment schedules from relevant employers in time to facilitate loan recovery for all disbursed loans.
Reconcile payments received against expected installments and re-advice the employers in case of discrepancies immediately.
Prepare posting schedules for payments received and handing them to Credit MIS for processing of all consumer loan applications.
Posting of all customer refunds for excessive deductions within the required timelines.
Maintain good relations between Faulu Kenya, employers and customers for smooth process flow and good customer delight.
Review all existing consumer relationships and making recommendations to the management to aid quality consumer lending
Follow up with the branches to ensure fulfillment of ALL Consumer MOU sanction conditions and other covenants prior to disbursement of the facilities
Maintain a high quality consumer loan book.
Recommend policy reviews for customer service and risk management improvement based on experiences and industry trends
Perform any other duties within the scope of this position.

Qualifications & Experience

1 year experience in credit analysis in a Consumer Lending environment, debt collection and recovery
Knowledge of alternative credit appraisal mechanisms and substitute securities like chattels mortgages, guarantors, stock, livestock etc.
Knowledge in accountancy an obvious advantage
Capacity and willingness to work for long hours and within strict deadlines.

How to Apply:

If you meet the specified criteria, send your application letter and updated CV (including 3 referees, one of whom must be a spiritual leader) to the undersigned through the e-mail address below (Cite Job Ref No: as Application & Email Subject)

Head of Human Resources
Faulu Kenya Limited
P.O Box 60240 – 00200
Nairobi
Email: excitingcareers@faulukenya.com

Deadline:17/05/2013