Mombasa Full Time Banking & Finance
KSh Confidential
1 week ago

Job Summary

Applications are invited from qualified persons for the above vacant position.

  • Qualification Level: Bachelor
  • Experience Level: Senior level
  • Experience Length: 7 years

Job Description

Job Reference No.    LM/10/01/2018
Location    Mombasa
Opening Date    12th  January 2018
Closing Date    26th January 2018
Type of engagement    Permanent
Job description
Reporting to the CEO , the main functions of the Loans Manager will entail;

i.    Ensure that the credit/loan policy both BOSA and Microcredit is strictly adhered to in loan processing.
ii.    Perform appraisal of loans and work out members’ entitlement and amount granted.
iii.    Recommend loan application to be forwarded to credit committee for approval.
iv.    Reject loans and explain reasons for the same for ratification by the credit committee.
v.    Responsible for the preparation of files for the credit committee meeting and minutes in such meetings.
vi.    Attend to members queries as concerns loans applications.
vii.    Advice management through the Chief Executive Officer on demands for loans.
viii.    Assist the credit committee in developing sound credit policies.
ix.    Ensure that members whose applications have been deferred or rejected from loan office for not conforming to the loans policy are promptly advised.
x.    Ensures that all members’ correspondences on loans, withdrawals and membership are promptly attended to.
xi.    Growing non-withdrawable deposits/savings.
xii.    Maintaining loan register.
xiii.    Maintaining guarantors’ records.
xiv.    Ensure efficient and prompt recovery of loans disbursed and interest accrued.
xv.    Maintaining confidentiality of members’ loan information.
xvi.    Drafting demand notices to loan defaulters.
xvii.    Preparation of monthly insurance premium schedule for submission to the insurance company.
xviii.    Preparation and generation of loan schedules and statements.
xix.    Preparing monthly reports for the Board.
xx.    Ensuring that all loans comply with lending regulations and policies of the Society; and
xxi.    Any other lawful duties as may be assigned from time to time.

Job Qualification
For appointment to this grade, a candidate must have:-

I.    A Business related degree or its equivalent from a recognized university and CPA 2 or its equivalent or CPA 2 and has satisfactorily served as a Loans Officer in the Society or a comparable position with similar responsibilities in a Sacco or in a similar organization.
II.    Minimum of 7 years of relevant experience.
III.    A diploma in Cooperative Management will be an added advantage.
IV.    Have demonstrated high financial management capability and investment.
V.    Have good knowledge of information Technology.

Preferred Skills

Job Specification
a)    Effective listening, verbal and written communication skills.
b)    Judgment and decision-making ability.
c)    Accuracy and attention to detail.
d)    Demonstrated integrity and ethical standards.
e)    Able to handle difficult customers with diplomacy and tact.
f)    Problem-solving and analytical ability.
g)    Manages time effectively and adapts quickly to changing priorities.
h)    Team player who works productively with wide range of people.
i)    Capable of following written instructions and documented procedures.
j)    Able to read, analyze and interpret financial statements.
k)    Good Knowledge of Microsoft Office Suite.

Interested parties should send their applications by e-mail clearly stating the job title as the subject of the e-mail.
All applications, which should have a cover Letter, CV and relevant certificates and testimonials, must be received on or before 26th January, 2018.
Only shortlisted candidates will be contacted.


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