Sacco Debt Recovery Officer

DEBT RECOVERY OFFICER (REF: DRO/04/24)

Job Purpose

The Debt Recovery Officer will support the Sacco in effective Debt collection as per strategic plan targets. She/he is responsible for the accurate analyses of loan applications, credit data, financial information & other relevant information to assure on the loan security, ability to repay loans and the associated credit risk.

Qualifications & Experience

• Diploma in Co-operative Management, Business Administration, or its equivalent qualification.
  
• A bachelor’s degree in Cooperative management or its equivalent is an added advantage.
  
• Minimum two (2) years’ experience in a similar role in a financial institution.
  
• Proficiency in computer skills.
  
• Proficiency in computerized accounting system
  

Personal Attributes required for this role:

• Debt recovery analysis skills.
  
• Good Analytical Skills.
  
• Good communications and negotiation skills.
  
• A person of Integrity.
  
• Team player
  

DEBT RECOVERY OFFICER (REF: DRO/04/24)

Job Purpose

The Debt Recovery Officer will support the Sacco in effective Debt collection as per strategic plan targets. She/he is responsible for the accurate analyses of loan applications, credit data, financial information & other relevant information to assure on the loan security, ability to repay loans and the associated credit risk.

Qualifications & Experience

• Diploma in Co-operative Management, Business Administration, or its equivalent qualification.
  
• A bachelor’s degree in Cooperative management or its equivalent is an added advantage.
  
• Minimum two (2) years’ experience in a similar role in a financial institution.
  
• Proficiency in computer skills.
  
• Proficiency in computerized accounting system
  

Personal Attributes required for this role:

• Debt recovery analysis skills.
  
• Good Analytical Skills.
  
• Good communications and negotiation skills.
  
• A person of Integrity.
  
• Team player
  

• Ensure effective and efficient recovery of loans.
  
• Follow up of remittances and variances for assigned loans portfolio.
  
• Key KPI – Collections for SMEs and Business members.
  
• Identifying delinquent loans and sending all notices to the loanees and guarantors.
  
• Identifying defaulted loans and instigating recovery from guarantors/ realizing of securities in liaison with Debt Recovery Lead.
  
• Sending member statements.
  
• Field/ Business visits as necessary.
  
• Reports: Preparing accurate and timely weekly/ monthly collection reports.
  
• Any other lawful duties that may be assigned from time to time.