Credit Administration Officer at Stima Sacco

Stima Sacco was established in 1974 to serve employees of the then East African Power & Lighting Company, but currently draws members from individuals in employment from all sectors, business persons’ groups, and corporates. The objective was and has been to provide members with a haven for savings, avail affordable credit to members and return impressi...

 

Credit Administration Officer

  • Job TypeFull Time
  • QualificationBA/BSc/HND
  • Experience6 years
  • LocationNairobi
  • Job FieldFinance / Accounting / Audit 

Job Summary

  • Reporting to the Credit Manager, the job holder will be responsible for among others, supporting the credit function by ensuring proper documentation, processing, monitoring, and administration of credit facilities in line with policies, regulatory requirements, and risk management standards.

Key Tasks and Responsibilities

Loan Processing & Appraisal Support

  • Receive and review loan applications for completeness and accuracy.
  • Verify member eligibility, savings, guarantors, and loan qualification criteria.
  • Confirm loan approvals comply with SACCO credit policy and delegated authority.

Credit Documentation & Securities

  • Prepare loan contracts and ensure proper execution by members and guarantors.
  • Ensure collateral/security documentation is complete and properly registered where applicable.
  • Maintain safe custody of loan security documents, collaterals and collateral register.
  • Track insurance covers secured loans (e.g., motor vehicle, property, loan protection).

Loan Administration & Disbursement

  • Process loan disbursements as per approved terms and conditions.
  • Update and maintain accurate member loan records in the system.
  • Monitor loan balances, repayment schedules, and maturity dates.
  • Ensure compliance with loan conditions before and after disbursement.

Credit Monitoring & Recovery Support

  • Generates credit reports for management review.
  • Support loan recovery and restructuring processes where necessary.
  • Ensuring there is proper loan categorization and classification.

Compliance & Risk Management

  • Ensure all loan files meet internal audit and regulatory standards (e.g., SASRA requirements).
  • Confirm compliance with KYC, AML, and SACCO credit policy.
  • Identify documentation gaps and follow up for rectification.
  • Submits credit information to the licensed Credit Reference Bureaus.
  • Assist during internal and external audits.

 Member Service & Coordination

  • Respond to member inquiries regarding loan status, and collaterals.
  • Liaise with Credit Officers, Finance, and Member Services teams.
  • Educate members on loan products, requirements, and repayment obligat

PERSON SPECIFICATIONS
Academic Qualifications

  • Bachelor’s degree in finance, Banking, Business Administration, Accounting, or related field.
  • Professional qualification (CPA, ACCA, Credit Certification) is an added advantage.

Experience

  • Six (6) years relevant experience

Check how your CV aligns with this job

Method of Application

Interested and qualified? Go to Stima Sacco on docs.google.com to apply

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