Recovery Manager Jobs, Apply now

Position: Recovery Manager,

Location: Nairobi,

K-Unity is a well-established Sacco Licensed by SASRA as a deposit-taking Sacco with operations throughout Kiambu County and branches in Nakuru, Nyandarua, Narok, and Nairobi County. We offer Credit services and solutions to Agribusinesses, Organized Groups, SMEs, Individual Businesses, and Employees both in the Public and Private sectors.

We are looking for an experienced, highly committed, and motivated professional to fill in the position of Recovery Manager. The position will be on a contract basis and renewable based on the achievement of set deliverables.

The Job holder will be responsible for reviewing non-performing loan books and developing appropriate strategies to ensure timely recovery of amounts due, with minimum loss exposure.

Periodically reviewing securities held against NPLs to identify possible gaps and institute measures necessary to rectify these to safeguard the interest of K-Unity.

Bringing overall debt recovery knowledge and overall structuring and management of credit facilities.

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Great, below are details of the advertised position. Read through to see details.

Key Tasks and Responsibilities: 

  • Meeting set Collections and Recoveries targets.
  • Delinquency management to below the regulatory requirement.
  • Providing appropriate inputs at Board and Management Committees’ level to ensure appropriate measures are taken to rectify any identified gaps in the lending process.
  • Based on the overall assessment of the NPL book and debt recovery success rate, critically reviewing all non-performing facilities and development of appropriate strategies to ensure K-Unity recovers the amounts due in an efficient and cost-effective manner.
  • On a case-by-case basis, assessing K-Unity positioning and its ability to recover the amounts due without forced realization of securities held as far as possible. This includes detailed negotiations with the defaulting clients for facilities re-structure, where possible,  to maintain customer goodwill.
  • Where realization of securities held is inevitable, ensuring the process is handled procedurally to avoid delay through intermittent ligation. Similarly ensuring the defaulting client’s rights are respected to avoid potential risk exposure to K-Unity through litigation or adverse publicity.
  • Undertaking a periodic review of securities held against all non-performing facilities to ensure these are perfected and that no dilution happens during the debt recovery period.
  • Planning and closely coordinating the debt recovery process with various stakeholders,  including Lawyers, Valuers, and Auctioneers amongst others, to avoid undue delay and recovery costs escalation.
  • For cases in court, ensuring the relevant evidence in support of the K-Unity case is properly documented and shared with the key stakeholders in good time, ahead of court appearances. Representing K-Unity as a witness as and when required.
  • Where K-Unity is represented in court by other witnesses, ensuring these witnesses are well prepared with information and absolute clarity on the background of each case.
  • Providing periodic reports to Management and respective Board Committee’s on the  Recovery Status of each non-performing facility, with clear recommendations on the way forward or closure.
  • Liaising with the Head of Credit to ensure provisions held against bad & doubtful debts  are adequate and in compliance with the required guidelines.
  • Liaising with the Heads of Credit and Finance to ensure appropriate adjustments are  made to the provisions for bad & doubtful debts per the required guidelines to comply  with IFRS requirements.
  • This is not a complete statement of all duties and responsibilities of this post, the  jobholder may be required to carry out other duties as directed by the Chief Executive  Officer, the responsibility level of which should not exceed those outlined above.

Qualifications and Competencies: 

  • Bachelor’s degree in Finance, Accounting, Banking, or any other business-related field.  Masters in a business-related field such as Strategic Management, Economics, Finance,  and Operations.
  • Professional Qualification in Credit e.g., C.C.P.
  • Professional qualifications in CPA will be an added advantage.
  • 5 years relevant working experience in debt recovery in a Bank or Financial Institution.   At least 4 years should be at the managerial level.
  • Knowledge of debt recovery and realization process
  • Strong analytical skills.
  • Excellent negotiation skills.
  • Effective communicator – both verbally and in writing.
  • Strong interpersonal skills.
  • Focused and self-driven
  • Attentive to detail.

How to apply

Please send your CV and cover letter detailing your experience and qualifications for the job and address it to Indicate your current and expected remuneration.

All applications should be made on or before Friday 30th July 2021. Please note that K-unity does not ask for any payment during any stage of the recruitment process, only the official K-Unity numbers 020-2047678/066-2022201 in our website or our official HR email above will be used to communicate.

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