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Assistant Manager, Resolution

Salary rangeConfidential | Contract type: Temporary

You have 2 days left to apply for this job.

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Job Summary

  • Bachelor’s Degree in Commerce, Finance, Economics, Business Administration, or any other equivalent qualification from a recognized Institution
  • Master’s degree in any of the following disciplines: Commerce, Finance, Economics, Business Administration from a recognized institution is an added advantage.
  • Certification in management – an added advantage
Work experience
  • Six (6) years’ relevant work experience preferably in Banking, Financial Management Credit Administration, Conveyancing, Litigation, Asset Management & Tracing or Insolvency.

Responsibilities

  • mplementing developed policies and procedures that guides day to day operations of the institutions in Liquidation
  • Enforcing Compliance of the developed policies, procedures and other operational guidelines for efficient and effective liquidation and winding up of troubled financial institutions
  • Supervising Preparation of periodic reports including statement of affairs to apprise all stakeholders on the progress made in resolving the banks/ financial institutions in liquidation for eventual winding up
  • Supervising Preparation of the check list to be used in winding up a non-viable banks/ financial institution in liquidation
  • Supervising the preparation of the various periodic performance status reports for the assigned banks/ financial institutions in liquidation to ensure compliance with executed service level agreements. The reports include among others
  • Court cases progress reports Statutory notices for defaulting debtors’ status reports Properties scheduled for auction status report Negotiated payments progress report. Undertaking performance appraisal of the direct reports
  • Providing coaching and mentorship for direct and indirect reports
Operational Responsibilities
  • Generating the information required to aid in tracing, preserving and realizing of the assets of the assigned financial institutions in liquidation
  • Reviewing investments applications for surplus funds held by Banks/ Financial institutions in liquidation to ensure completeness and accuracy
  • Checking completeness and accuracy of periodic reports including the statement of affairs to assist evaluating continued viability of banks/ financial institutions in liquidation
  • Preparing monthly loan collection reports for the banks/ financial institutions in liquidation
  • Acting as the liaison person between the institution in liquidation and auctioneers, valuers, advocates investigators and other service providers to facilitate loan recoveries
  • Reviewing debtors/ borrowers loan files prepared by the direct reports and making recommendations to the manager resolution to maximize on loan collections
  • Updating of the Credit Reference Bureaus reports
  • Custodian of securities safe keys and facilitating retrieval and release of securities
  • Daily review of all transactions undertaken by banks/ financial institution in liquidation for accuracy and completeness
  • Custodian of all payment records for institutions/ banks in liquidation
  • Undertaking reconciliation of all internal accounts and securities held
  • Reviewing Payments for services offered by different service providers in compliance with existing policies and procedures
  • Supervising preparation and filing of statutory returns for the assigned banks/ financial institutions in liquidation
  • Undertaking regular reviews of updated data relating to depositors, debtors and creditors of the Institution in Liquidation to ensure accuracy
  • Custodian petty cash and facilitating reimbursement
  • Supervising collating of the information required by the board to facilitate approval to wind up of identified non-viable institutions
  • Compiling the information required by the service providers (Auditors & advocates) to commence the winding process and ensure the records are readily available. 

Job Requirements

Required education: Bachelor's degree
Required relevant work experience: 2 years
Required languages: English (Spoken: fluent | Written: fluent)
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