Job Description
We are looking for a skilled
Recovery Officer to join our team. As a Recovery Officer, you will be
responsible for managing and recovering unpaid debts from our clients. Your
duties will include monitoring and following up on outstanding debts, negotiating
payment plans, and maintaining accurate records of all transactions. The ideal
candidate should have strong communication skills, attention to detail, and the
ability to work independently or as part of a team.
Responsibilities
The Incumbent will report to
the Recovery Manager and will be responsible for:
- Meeting set Collections and
Recoveries targets.
- Delinquency management to below the
regulatory requirement.
- Based on overall assessment of the
NPL book and debt recovery success rate, critically reviewing all
non-performing facilities and development of appropriate strategies to
ensure K-Unity recovers the amounts due in an efficient and cost-effective
manner.
- On a case-by-case basis, assessing
K-Unity positioning and its ability to recover the amounts due without
forced realization of securities held as far as possible. This includes
detailed negotiations with the defaulting clients for facilities
re-structure, where possible, to maintain customer goodwill.
- Planning and closely coordinating the
debt recovery process with various stakeholders, including Lawyers,
Valuers and Auctioneers amongst others, to avoid undue delay and recovery
costs escalation.
- For cases in court, ensuring the
relevant evidence in support of K-Unity case is properly documented and
shared with the key stakeholders in good time, ahead of court appearances.
Representing K-Unity as a witness as and when required.
- Where K-Unity is represented in court
by other witnesses, ensuring these witnesses are well prepared with
information and absolute clarity on the background of each case.
- Providing periodic reports to the
Recovery Manager on the status of each non-performing facility, with clear
recommendations on the way forward or closure.
- This is not a complete statement of
all duties and responsibilities of this post, you may be required to carry
out other duties as directed by the Supervisor.
Qualifications
- Bachelor’s degree in Finance,
Accounting, Banking, or any other business-related field.
- Professional Qualification in Credit
e.g., C.C.P is an added advantage.
- Professional qualifications in
accounting will be an added advantage.
- 3 years progressive working
experience in debt recovery in a Bank or Financial Institution.
- Knowledge of debt recovery and
realization process
- Strong analytical skills.
- Excellent negotiation skills.
- Effective communicator – both
verbally and in writing.
- Strong interpersonal skills.
- Focused and self-driven
- Attentive to detail.
How to
Apply?
Please send your CV and cover letter
detailing your experience and qualifications for the job and address it to humanresource@k-unity.co.ke ,
indicate your current and expected remuneration.
All applications should be made on or
before Friday 28th April 2023, please clearly indicate on the
email subject the position for which you are applying for.
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