Mwananchi Credit Limited was incorporated as a private limited company under the Companies Act (Cap 486) of the Laws of Kenya. It initially started operations under the names Mwananchi Microlink Ltd which was incorporated on 15th April 2010. On 10th January 2012, it later changed its names to Mwananchi Credit Limited.
Reporting to the Head, Operations, and the role holder is tasked to evaluate, develop and monitor recovery action plans on non- performing loan accounts on a continuous basis, to achieve maximum and timely recoveries and/or turnaround at minimal costs.
Job Description
Key Responsibilities:
- Develop and implement recovery strategies and action plans for each non- performing debt.
- Reduction of non- performing debts through aggressive recoveries and viable restructuring options.
- Full compliance with Credit policies.
- Minimize recovery costs through vetting of invoices and upfront fees negotiations.
- Coach, guide and motivate staff to enhance efficiency and productivity.
- Recovery of bad debts.
- Review of facilities on each file on the best recovery option including restructuring and asset classifications.
- Correspondence with both external and internal customers.
- Meetings with the debtors and service providers, including official visits to their operations.
- Supervise and guide the direct reports.
- Monitor debtors’ compliance with the agreed settlement arrangements.
Experience & Expertise:
- Bachelor’s Degree in Economics, Business related degree from an institution recognized by Commission for University Education.
- At least 5 years’ experience, 3 years of which should be in a senior management position within credit.
- Demonstrates a clear understanding of recoveries processes in Corporate and must be able to provide direction and strategic thinking where appropriate in relation to distressed assets and loans in default.
- Should have sound knowledge in Accounting and financial principles, Credit risk management
- Understanding of Legal principles related to lending; collateral rights, Insolvency Law, Receiverships and Administration.
- Must have the ability to translate and apply Credit knowledge to optimise positive outcomes in negotiations with clients.
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The post Senior Recovery Manager at Mwananchi Credit Ltd is republished from Jobs – Jobs in Kenya – http://jobwebkenya.com/
