Principal Officer, Credit at Development Bank of Kenya

Job Purpose

The Principal Officer, Credit is responsible for providing support, direction, credit information, and loan policies and procedures to ensure the overall quality of the Bank’s credit extension.

Key Duties and Responsibilities

• Credit administration which involves maintaining and updating the security register and ensuring that valuations are within three years and insurances for the collateral are up to date.
• Daily monitoring of accounts, ensuring only good cheques are paid
• Analyse financial data regarding loan requests for new, renewal, and existing loans, including data provided by credit bureaus, other financial institutions, and financial institution files.
• Loan appraisal, disbursement, and management for both internal and external customers
• Compilation and submission of CBK Returns, Customers’ audit queries, and CRB Reports.
• Maintains the privacy of customer information and the security of all records.
• Preparation of Facilities Monitoring Reports; Loan & Advances analysis reports, Arrears reports, Finance reports & other internal reports.
• Debt collection; Issuance of polite reminders, Event of Default Notices & Statutory Notices together with follow-up phone calls, emails & text messages.
• Monitoring NPLs to trigger where applicable Deed of Rental Income clause.
• Coordination of realization processes for NPL accounts; Issuance of valuation instructions, liaising with auctioneers on issues auction, Preparation of related memos to legal department to facilitate realization.
• Preparation and booking of guarantees, collection of commission, and letters of comfort also called reference letters. This also entails maintaining a proper file for all guarantees issued by the Bank.
• Raising payments for monies owed to our service providers like Tysons Limited, Lloyd Masika, etc
• Updating customers’ database including contact/addresses and ensuring am in constant communication with them on issues to do with their monthly loan repayment, receiving calls from customers who need help from our department.

Job Requirements and Experience

For appointment to this grade, a candidate must have:

• Bachelor’s degree in Accounting/Finance/Economics or related field.
• Masters or related qualification from a recognized university is an added advantage.
• Qualified CPA (K) or ACCA is an advantage.
• Minimum of three years working experience in a similar position in the banking sector
• Knowledge of prudential guidelines for the compilation of Central Bank of Kenya returns.
• Experience in Flexi-cube core banking system with excellent ICT skills in CBK credit reporting among others.
• Business acumen able to understand current affairs and their impact on the business.

Competencies and Skills

• High attention to detail and excellent analytical skills
• Sound independent judgment
• Good communication skills.
• Interpersonal and teamwork skills.
• Innovativeness and problem-solving skills.
• Knowledge of the Banking processes.
• Financial and accounting skills.
• Organizational skills
• Report writing skills.
• Information technology skills.
• Ability to manipulate large amounts of data and to compile detailed reports
• Ability to perform control reviews on systems development, operation, programming, control, and security procedures and standards.
• Ability to maintain the highest level of confidentiality and accuracy in all the departments’ correspondence and procedure