Debt Recovery Manager - Faulu Kenya Limited in Nairobi

Job Title: Debt Recovery Manager

JOB REF: HR: 001/05/2013 : 1 Vacancy
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 Credit Administration Manager, the job holder will ensure that ALL approved and disbursed loans are fully repaid as stipulated in the terms and conditions to prevent loss to the institution due to non-repayment.

Key Responsibilities

Project relevant trends that affect the collectibles of the portfolio and isolate potential problem areas.
Monitor loan repayments globally and initiate/recommend course of action.
Instruct and Follow up with External Service providers on NPA matters i.e. Debt collectors, auctioneers etc.
Extract, confirm and transmit CRB information to licensed Credit Reference Bureau
Conduct client visits (on a need basis) and telephone calls to follow up on payments from NPA debtors.
Execute the institution strategy in reducing the NPA portfolio at the same time report on NPAs (Write offs, Collections, Security Cover etc.) on a regular pre-determined basis and provide information for CBK reporting.
Ensure one day arrears management for all disbursed loans is fully executed.
Ensure a record is maintained with track of all the recovery progress for all loans in arrears.
Ensure weekly arrears reports are prepared for all the branches and follow with them to ensure full repayment.
Ensure demand letters are prepared and ensure that they are forwarded to the defaulting customers.
Ensure reports are prepared and recommendations made on bad debts to be written-off to the management for approval.
Ensure an up to date register on loan related insurance claims is maintained and ensure prompt reimbursement from underwriters.
Monitor debt collection response cycles and contacts as well as credit control performance
Manage resource scheduling and the determination of priority of work and procedures to maximize production output and success levels.
Report and monitor all risks associated with debt recovery.
Generate compliance reports for use in decision making and performance appraisals. Perform any other duties within the scope of this position.

Qualifications and Experience

Business related degree, CPA qualification is an added advantage.
4 years experience in debt collection and recovery environment (Practical experience in Lending and recovery).
Knowledge in credit management and banking is an obvious advantage.
Capacity and willingness to work for long hours and within strict deadlines.
Excellent interpersonal skills with good leadership skills.
Knowledgeable on the Financial services sector a must

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