Credit Analyst - Faulu Kenya Limited in Nairobi

Job Title: Credit Analyst

JOB REF: HR: 005/05/2013 (4 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 Analyst he /she will ensure that all Individual and Group Lending Micro Credit proposals 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 Group and Individual proposals, recommend appropriate risk mitigation mechanisms such as proper securities and their perfection, relevant sanction conditions and post disbursement follow ups.

Key Responsibilities

Analyze the Group and Individual Micro Credit requests against all the canons of lending (Character, Capacity, Conditions, Capital, and Collateral) as a basis for making approval / decline recommendations
Verify Compliance to canons of group lending through inspection of consistency of and adequacy of LSF contributions, loan repayment records & history, group constitution, group cohesion, co-guarantee mechanisms etc alongside with group dynamics and ensure credit risk is adequately mitigated.
Prepare the Sanction sheets and offer letters based on 1 & 2 above and ensure accuracy, completeness and neatness of the same for further approval by relevant Head office Credit Committees.
Prepare draft board papers for facilities requiring approval by the Risk Management Committee of the board for further review by management at Credit Administration departments.
Follow up with the branches to ensure fulfillment of ALL sanction conditions and other covenants prior disbursement of the facilities.
Submission of securities to security perfection officer within 12 hours of receipt from branches for further advise to legal department.
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

Business degree
2 year experience in credit analysis in a Individual Micro Lending or group 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 (CPA2) 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