Scheme Loan Administrative Officer

ABOUT THE COMPANY

I&M Bank Limited, is a commercial bank in Kenya, the largest economy in the East African Community. It is licensed by the Central Bank of Kenya, the central bank and national banking regulator

JOB SUMMARY

Qualifications and CompetenciesBachelor’s degree from a recognized institutionMinimum of 1 years working experience in the Banking Industry; with relevant experience in portfolio management, scheme loan administration duties and risk management.Sound knowledge of the Banking Act and the regulatory framework in the Financial Services IndustryAble to apply financial knowledge and skills to achieve business goals.Able to identify and minimize potential and inherent risks.Proficient in the use of Banking and office management systems, Advanced excel knowledge a must with demonstrated experience in dealing with large data.

RESPONSIBILITIES

Timely and accurate preparation of schedules for invoicing and submitting the same to scheme companies.Following up on the invoices to employers to ensure 100% adoption.Thorough real time reconciliation of schedules to determine dropped/under-booked loans and engaging with employers on cause or reinstatement.Timely preparation of reports of dropped loans and determining the route cause for dropped loans with a view of taking corrective measures.Monitoring and following up of payments due from schemes, facilitating application of the funds and subsequent reconciliation.Maintaining a monthly tracker of loan repayment funds receipt and application.Preparing a monthly report on invoice adoption.Executing rollovers or restructures for qualifying Check off loans to stop further regression.Facilitation of refunds/misrouted funds to the employer and other payments to ensure a nil balance GL suspense.Reconciling schedules for salary processing for Government of Kenya.Responsible for stop orders issuance for schemes as a risk control officer.Following up on payments of existing customers who migrate to employers with no existing Memorandum of Understanding with the bank for continued remittance.

REQUIRED SKILLS

Invoicing, Scheduling, Documentation and record keeping

REQUIRED EDUCATION

Bachelor's degree