Rose Avenue Consulting
Consulting + 2 more
Head, Remedial & Recoveries
Description
Responsibilities
- Responsible for the review and maintenance of the Credit Remedial and Recoveries Policies, Procedures, guidelines, charters.
- Monitor and control pre 90 days Credit Portfolio throughout the Bank to ensure that asset quality is maintained and improved (PAR & Migration) to within acceptable standards.
- Overall management of non-performing debts to prevent deterioration and improve the bank’s lending asset quality.
- Control specific provisions within budget and ensure adequate levels of provisioning on all accounts in accordance with the laid down credit policies.
- Managing recovery costs within budgets.
- Compliance with the bank’s Credit/NPL Policies and CBK Prudential Guidelines on loan classification and provisioning.
- Timely submission of NPL returns to the Board and CBK.
- Formulation of exposure/recovery strategies, action plans and supervising implementation for expedited closure.
- Reduce non-performing credit through aggressive recoveries and viable restructuring thus contributing to the Bank bottom line through provisions write backs.
- Stakeholder management and participation in partnership engagement meetings/forums.
- Responsible for high staff productivity and optimum staffing with the department.
- Responsible for ensuring staff awareness is carried out on Remedial and Recoveries initiatives in order to align and yield maximum value.
- Oversight and support to subsidiaries in the management of the non-performing debts.
- Bachelor’s degree in in a Business-related field from a recognized University.
- Certification in Credit Management.
- Professional certification in AKIB/CIB, CPA (K), ACCA.
- Master’s degree in a Business-related field from a recognized University is an added advantage.
- Minimum of ten (10) years in the Banking Sector with 8 years in a Credit environment of which five (5) years must be at senior management level in a Collections, Remedial & Recoveries.
- Proven Credit collections, remedial & recoveries skills.
- Proven planning, organization and execution skills
- Knowledge in SQL and data manipulation to be able to prepare dashboards and required reports to the management.
- Excellent interpersonal, communication and negotiation skills.
- Excellent writing and presentation skills
- Critical thinking and problem-solving skills
- Excellent decision-making and leadership skills
- Strong knowledge of business entity legal structures and risk rating
- Customer and Stake holder management skills
- Analytical and report writing skills
- Excellent understanding of financial statements and ratios, credit reports, personal financial statements
- Ability to work under pressure and within strict deadlines
- Entrepreneurial/Commercial mind-set
- Change management and conflict resolution skills
- Knowledge of bank lending policy and CBK prudential guidelines
- Active listening.
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