Associate Debt Recovery/Collections at I&M Bank

I&M Bank is a wholly owned subsidiary of I&M Holdings Limited, a publicly quoted company at the Nairobi Securities Exchange (NSE). The bank possesses a rich heritage in banking.

 

Associate Debt Recovery/Collections

  • Job TypeFull Time
  • QualificationBA/BSc/HND
  • Experience2 years
  • LocationNairobi
  • Job FieldFinance / Accounting / Audit 

Job Purpose:

The job holder is responsible for monitoring, collecting, and managing problem account portfolio within all customer segments and return the accounts to performing status, reduce slippage into NPL and/or recover entire outstanding accounts.

Key Responsibilities:

  • Demand, and enforce repayment of the assigned problem accounts.
  • Collect and writeback to profit and loss from assigned accounts within set targets
  • Monitor arrangements for payments from problem account holders.
  • Attending public auctions as Credit Bank’s representative.
  • Liaise with Legal Department on recovery litigations and where legal interpretations are required.
  • Conduct detailed negotiations with customers, obtain commitment to implement appropriate strategies and actions to cure accounts as well as collect overdue payments.
  • Analyze and recommend for approval turnaround/cure propositions, strategies and actions demonstrating well thought out judgement.
  • Manage customer relationships where turn around strategies have been activated to ensure cure of accounts as well as manage the Banks credit risk exposure.
  • Proactively manage relationships with key stakeholders, internal and external including service providers, potential off takers of assets held as collateral, etc.
  • Represent the Bank in lenders meetings for syndicated or problem accounts.
  • Prepare and submit required reports to the BCC, NPA & CRMC Committees in a timely manner and working on provisions.

Job Specifications

Academic Qualifications

  • Bachelor’s Degree in a Social Science or related field

Professional Qualifications / Membership to professional bodies/ Publication

  • Relevant professional qualification;
  • Member of a relevant professional body

Work Experience Required

  • Over Two (2) years’ relevant experience in a similar organisation.

Competencies:

  • Strong leadership skills
  • Executive disposition
  • Demonstrate high levels of integrity.
  • Excellent communication and interpersonal skills

Method of Application

Interested and qualified? Go to I&M Bank on imbank.bamboohr.com to apply

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