- Job Type Full Time
- Qualification BA/BSc/HND
- Experience 3 years
- Location Nairobi
- Job Field Banking 
Asset Quality Officer at Equity Bank Kenya
Asset Quality Officer
Job Purpose:
The role holder is tasked to evaluate, develop and monitor recovery action plans on SME accounts on a continuous basis, to achieve maximum and timely recoveries and/or turnaround at minimal costs and ensure the SME portfolio at risk (PAR) is maintained at acceptable banks levels.
Key Responsibilities
- Undertaking an initial assessment of distressed borrowers and negotiating repayment arrangements with customers by assessing monthly income and expenditure statements and affordability of reductions proposed.
- Review of facilities through Credit Risk on each file on the best recovery option including restructuring and asset classifications.
- Ensure sanctioned loan facilities are monitored and controlled in accordance with the bank’s lending policy and Central Bank of Kenya prudential guidelines.
- Ensuring necessary recovery notices have been issued on time to SME clients whose loans are in depicting strain in liaison with Branch and Debt Recovery Unit.
- Develop and implement recovery strategies and action plans for each SME non- performing debt in liaison with Branch and debt recovery unit.
- Reduction of non- performing debts through aggressive recoveries and viable restructuring options.
- Review of facilities through Credit Quest on each file on the best recovery option including restructuring and asset classifications.
- Correspondence with both external and internal customers.
- Preparation of SME recovery reports and continuous update on recovery status reports on SME Banking clients.
- Monitor debtors’ compliance with the agreed settlement arrangements.
- Coach, guide and motivate staff to enhance efficiency and productivity.
Qualifications
Qualifications, Experience & Key Competencies
- Bachelor’s degree in business related degree from an institution recognized by Commission for University Education.
- At least 3 years’ banking experience with credit background
- Demonstrates a clear understanding of recoveries processes in SME and must be able to provide direction and strategic thinking where appropriate in relation to distressed assets and loans in default.
- Should have sound knowledge in accounting and financial principles, Credit risk management, Business banking, Investment banking.
- Understanding of Legal principles related to lending and collateral rights.
- Must have the ability to translate and apply Credit knowledge to optimize positive outcomes in negotiations with clients.
- Goal-oriented with the ability to work with minimal supervision.
- Excellent interpersonal skills.
- Strong verbal and written communication skills.
- Demonstrates high standards of integrity.
Method of Application
Interested and qualified? Go to Equity Bank Kenya on equitybank.taleo.net to apply
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