Credit Documentation Officer - Faulu Kenya Limited in Nairobi

Job Title: Credit Documentation Officer

JOB REF: HR: 007/05/2013 (2 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 Team Leader - Credit Documentation, the job holder will ensure compliance with internal credit policies and procedures, best practices and CBK prudential guidelines to facilitate management of credit risks within tolerable levels.

He/she will ensure that ALL loans approved by the branch credit committees follow the laid down procedures, are complete in all material aspects and safeguard the institution from losses that may emanate from acts of negligence and carelessness.

Key Responsibilities

Receive disbursed loan application forms within BCC limits and verify against the batch proofing schedule.
Follow up with branch managers for any forms not forwarded and reasons for the same.
Review the loan application forms for errors and omissions, compliance with the laid credit policies and procedures and guidelines issued from time regarding administration of credit.
Confirm existence of securities e.g. chattels mortgages forms, KYC documents and that the loan forms are complete in all material respects to form a binding contract between Faulu, clients, groups, guarantors etc.
Log in issues of concern from each branch and escalate it to the branch manager, credit administration department management for further action.
Initiate reversal and / or immediate recovery of loans found to be inadequate and in contravention of credit policies and procedures and escalate the same.
Responsible for communication calling for additional or missing documents, perfection of securities / conditions within 12 hours from receipt of the batches.
Confirm that the loans are maintained in the system properly, all charges collected and loan pay offs cleared.
Batch proof within 12 Hours all loan disbursed at credit administration department and confirm that loans have been keyed in properly, all charges collected and disbursement conditions met and any errors corrected.
Organize proper prompt system of filing and retrieval of all loan forms with the archives section.
Generate compliance reports for use in decision making and performance appraisals.

Qualifications & Experience

Business related Degree or Diploma
2 years experience in credit analysis and debt collection.
Knowledge in accountancy an obvious advantage
Proficiency in IT and T24 skills
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