Accounting, finance, banking, insurance jobs in Ongata Rongai, Kenya

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Sidian Bank - SB

Banking + 2 more

Credit Administration Officer, Registry

Job details

Contract Type

Description

Job Overview

The role involves managing the credit documentation process for facilities granted to customers by the bank, ensuring all credit is properly secured before disbursement and throughout the facility’s duration. The incumbent will also perform other duties as assigned by the Manager - Credit Administration or Director, Credit Risk Department.

Key Responsibilities

Securities Quality Assurance & Administration:

  • Receive and validate documents from disbursement officers to ensure compliance with standards; highlight and communicate deficiencies for corrective action.
  • Maintain diaries to monitor compliance for renewable securities such as guarantees, valuation reports, insurances, land rent, and rates.
  • Follow up with branches and business units to ensure 100% compliance on insurance renewals, rent and rates payments, and security revaluations.
  • Facilitate release of securities per procedures and update the securities register in T24 accurately.

Custodianship:

  • File security and credit-related documents systematically for easy retrieval.
  • Ensure safe custody of all securities documentation in designated holding areas or strong rooms.
  • Control lodgment and withdrawal of securities documents, enforce dual control system for accessing vaults, maintain updated securities movement register, and respond to queries related to securities and documentation.

Customer Service:

  • Respond promptly and accurately to queries regarding facility clearance for drawdown and perfection of securities via email and phone, adhering to customer service standards.

Compliance & Policy Implementation:

  • Ensure adherence to internal lending policies and procedures affecting daily operations.
  • Participate actively in audit processes to achieve satisfactory internal and external audit ratings.

Requirements

  • Bachelor’s Degree in Business Studies or Economics from a recognized university.
  • Minimum of two (2) years’ experience in advances securities, lending, credit administration, debt management, or related analytical roles within a bank.
  • Experience with NTSA and MPSR is an added advantage.
  • Knowledge of legislation related to perfection of securities and regulatory requirements.
  • Good understanding of CBK Prudential Guidelines and Sidian Bank’s Credit Risk Policy.
  • Professional banking qualification such as ACIB or Credit Administration certification.

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