KDIC is a statutory institution established under the Kenya Deposit Insurance Act, 2012 (KDI Act, 2012). The Corporation is mandated to provide a deposit insurance scheme for customers of member institutions, to provide incentives for sound risk management and generally promote the stability of the financial system and prompt resolution.
Directorate: Resolution
KDIC Grade: KDIC 5
You will provide operational support in day-to-day management of Banks / financial institutions in liquidation through consistent loan recoveries, realisation of assets held and processing payments to depositors and creditors in a timely and efficient manner; supporting orderly winding up of non-viable Banks / financial institutions to enhance depositors’ confidence in the financial sector.
Key Responsibilities Managerial / Supervisory Responsibilities
- Implementing developed policies and procedures that guides day to day operations of the institutions in Liquidation
- Enforcing Compliance of the developed policies, procedures and other operational guidelines for efficient and effective liquidation and winding up of troubled financial institutions
- Supervising Preparation of periodic reports including statement of affairs to apprise all stakeholders on the progress made in resolving the banks/ financial institutions in liquidation for eventual winding up
- Supervising Preparation of the check list to be used in winding up a non-viable banks/ financial institution in liquidation
- Supervising the preparation of the various periodic performance status reports for the assigned banks/ financial institutions in liquidation to ensure compliance with executed service level agreements. The reports include among others
- Court cases progress reports Statutory notices for defaulting debtors’ status reports Properties scheduled for auction status report Negotiated payments progress report. Undertaking performance appraisal of the direct reports
- Providing coaching and mentorship for direct and indirect reports
Operational Responsibilities
- Generating the information required to aid in tracing, preserving and realizing of the assets of the assigned financial institutions in liquidation
- Reviewing investments applications for surplus funds held by Banks/ Financial institutions in liquidation to ensure completeness and accuracy
- Checking completeness and accuracy of periodic reports including the statement of affairs to assist evaluating continued viability of banks/ financial institutions in liquidation
- Preparing monthly loan collection reports for the banks/ financial institutions in liquidation
- Acting as the liaison person between the institution in liquidation and auctioneers, valuers, advocates investigators and other service providers to facilitate loan recoveries
- Reviewing debtors/ borrowers loan files prepared by the direct reports and making recommendations to the manager resolution to maximize on loan collections
- Updating of the Credit Reference Bureaus reports
- Custodian of securities safe keys and facilitating retrieval and release of securities
- Daily review of all transactions undertaken by banks/ financial institution in liquidation for accuracy and completeness
- Custodian of all payment records for institutions/ banks in liquidation
- Undertaking reconciliation of all internal accounts and securities held
- Reviewing Payments for services offered by different service providers in compliance with existing policies and procedures
- Supervising preparation and filing of statutory returns for the assigned banks/ financial institutions in liquidation
- Undertaking regular reviews of updated data relating to depositors, debtors and creditors of the Institution in Liquidation to ensure accuracy
- Custodian petty cash and facilitating reimbursement
- Supervising collating of the information required by the board to facilitate approval to wind up of identified non-viable institutions
- Compiling the information required by the service providers (Auditors & advocates) to commence the winding process and ensure the records are readily available.
Job Competencies Academic qualifications
- Bachelor’s Degree in Commerce, Finance, Economics, Business Administration, or any other equivalent qualification from a recognized Institution
- Master’s degree in any of the following disciplines: Commerce, Finance, Economics, Business Administration from a recognized institution is an added advantage.
- Certification in management – an added advantage
Work experience
- Six (6) years’ relevant work experience preferably in Banking, Financial Management Credit Administration, Conveyancing, Litigation, Asset Management & Tracing or Insolvency.
Functional Competencies
- Supervisory skills
- Communication skills
- Analytical skills
- Problem solving skills
- Proficiency in computer application skills
- Interpersonal skills
- Presentation skills
- Decision making skills
- Report writing skills
- Budgeting skills
The post Assistant Manager, Resolution at Kenya Deposit Insurance Corporation appeared first on Jobs in Kenya - http://jobwebkenya.com/.
The post Assistant Manager, Resolution at Kenya Deposit Insurance Corporation is republished from Jobs – Jobs in Kenya – http://jobwebkenya.com/
