Debt Recovery Officer at Maisha Bora Sacco Ltd

Sometime in the autumn of 1974, a small group of Unilever (Then East Africa Industries Ltd {EAI}) factory workers whirled away their mid-morning break over a cup of tea. They mulled over their life challenges mostly revolving around personal financial needs. Yet at that time of the month they wouldn’t access any salary advance from the HR department an...
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Debt Recovery Officer

  • Job TypeFull Time
  • QualificationBA/BSc/HND
  • Experience3 - 5 years
  • LocationNairobi
  • Job FieldFinance / Accounting / Audit 

Maisha Bora SACCO Society Limited is looking for a self-driven and results-oriented person to fill the position of Debt Recovery Officer reporting directly to the Debt Recovery Supervisor.

Job Purpose: The Debt Recovery Officer will support the Debt Recovery Lead 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.

Job Description:

  • 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 duties as may be assigned from time to time

Key Result Areas:

  • Collections for assigned loans portfolio 
  • Collections for SMEs and Business members
  • Reconciliation and follow up of expected Vs. received remittances
  • Sacco PAR and loan provision
  • Debt Recovery reports

Method of Application

Interested and qualified? Go to Maisha Bora Sacco Ltd on maishaborasacco.com to apply

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