The Co-operative Bank of Kenya Limited is incorporated in Kenya under the Company Act and is also licensed to do the business of banking under the Banking Act. The Bank was initially registered under the Co-operative Societies Act at the point of founding in 1965. This status was retained up to and until June 27th 2008 when the Bank’s Special General Meeting resolved to incorporate under the Companies Act with a view to complying with the requirements for listing on the Nairobi Stock Exchange (NSE)
Our client, a medium-sized Sacco in the Republic of Kenya with nine branches in different towns, wishes to recruit suitably qualified and experienced individuals
Job purpose
Reporting to the Branch In-charge, the Loan officer is responsible for key aspects of credit management in the Sacco, including loan appraisal, disbursement, documentation, monitoring, follow-up, and recovery.
Main duties and responsibilities
- Receive and review loan applications for completeness and accuracy;
- Data entry, appraisal and recommendation of loan applications received;
- Customer Service and handling of credit enquiries;
- Maintaining a good quality loan book through loan monitoring, follow up, issuance of demand notices and recovery; and
- Business development and loan book growth.
Key Qualifications & Experience
- Diploma in Co-operative Management/ Banking or equivalent in a related field;
- A Bachelor’s degree in Finance or a business-related field will be an added advantage;
- Skills in marketing and business development will be an added advantage;
- Must have a current certificate of good conduct; and
- At least one year of experience in a similar role in a Sacco environment.
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