Write-off Officers Job at Family Bank Ltd… See details on how to apply for the opportunities available at Family Bank Ltd.
Descriptions;
Family Bank (formerly Family Finance Building Society) was registered as a Building Society in October 1984 in Kenya, under the Building Societies Act,, and commenced operations in early 1985. Family Bank converted into a fully-fledged bank in May 2007 and the main driver for our conversion was the need to offer a wider range of products and services to our customers.
RESPONSIBILITIES:
- Demand and enforce repayment of the bad debts.
- Negotiate for repayment with bad debtors during recovery enforcement process.
- Monitor arrangements for payments from bad debtors.
- Attending public auctions as Family Bank representatives.
- Attend/appearing in court for hearings when required as the Bank’s representatives.
- Liaison with lawyers in recovery matters.
- Under the guidance of the Collection and Recoveries Manager, issue instructions to professional valuers to re-evaluate securities held in preparation of realization.
- Liaise with auctioneers in the realization of securities and monitoring auctioning process to a satisfactory conclusion.
- Liaise with Legal Department recovery litigations and where legal interpretations are required.
- Managing effective relationships with internal and external customers.
- Ensure effective communication to internal and external customers in writing (correspondence), on phone or in person.
- Check and verify the accuracy, completeness of the documents against the checklist provide according to product lines; KYC/AML compliance requirements.
- Prepare, submit detailed and accurate reports from recovery assignments making actionable business-oriented recommendations to management.
- Maintain a proper Debt Recovery documentation.
- Ensuring compliance to regulations and the Bank’s policies and procedures.
- Maintain the set budgets.
- Evaluate cost/benefits, identify appropriate alternatives and make innovative initiatives to improve work efficiency.
- Any other official duty that may be allocated by management from time to time.
The Person:
The ideal candidate must possess the following:
Qualifications:
- Holds a Bachelor’s Degree in Business, Accounts, Finance or related field.
- Professional Credit or Debt recovery qualifications a plus.
- Have a minimum of two (2) years practical experience with proven result oriented track record in recoveries.
- Experience in banking & legal/Credit background is a plus.
- Honest and with high integrity.
METHOD OF APPLICATION
Submit your CV, copies of relevant documents and Application to email
Use the title of the position as the subject of the email
