Posted:3 hours ago
By:Hiring Kenya
Company Details
Industry:
Banking
Description:
Equity Bank Limited (The "Bank”) is incorporated, registered under the Kenyan Companies Act Cap 486 and domiciled in Kenya. The address of the Bank’s registered office is 9th Floor, Equity Centre, P.O. Box 75104 - 00200 Nairobi. The Bank is licensed under the Kenya Banking Act (Chapter 488), and continues to offer retail banking, microfinance and related services. The Bank has subsidiaries in Kenya, Uganda, South Sudan, Rwanda and Tanzania. Its shares are listed on the Nairobi Securities Exchange and Uganda Securities Exchange. Equity Bank was founded as Equity Building Society (EBS) in October 1984 and was originally a provider of mortgage financing for the majority of customers who fell into the low income population. The society’s logo, a modest house with a brown roof, resonates with its target market and their determination to make small but steady gains toward a better life, seeking security and advancement of their dreams. The vast majority of Africans have historically been excluded from access to financial resources. Having been declared technically insolvent in 1993, Equity’s transformation into a rapidly growing microfinance and then a commercial bank is widely considered to be an inspirational success story. Currently, Equity Bank has more than 9 million customers making it the largest bank in terms of customer base in Africa and having nearly half of bank accounts in Kenya. The company’s vision is "to be the champion of the socio-economic prosperity of the people of Africa”. Equity Bank retains a passionate commitment to empowering its clients to transform their lives and livelihoods. Through a business model that is anchored in access, convenience and flexibility, the Bank has evolved to become an all-inclusive financial services provider with a growing pan-African footprint. Equity Bank’s business model and its visionary leadership has continued to earn local, regional and global accolades and recognition. The model is also studied in some of the leading business schools in the world, as other developing countries in Africa and Asia seek to learn from Equity’s low margin, high-volume model. Equity Bank in 2010 established the Equity Group Foundation. This innovation and creative vehicle has fully transformed the concept of philanthropy and corporate social responsibility. While Equity Group Foundation champions the socio-economic transformation of the people of Africa and seeks partnerships along six cluster thematic areas, Equity Bank provides the infrastructure of delivery, hence reducing the operational costs for the Foundation and increasing the rate of return on any social investment. The six social thematic areas of focus are: education and leadership development; financial literacy and access; entrepreneurship; agriculture; health; innovations and environment. Make an enquiry today
Job Description
Purpose:
Responsible for building and maintaining quality Corporate Asset Book with existing and potential corporate customers, being proactive in providing effective and efficient debt management tools, products, identifying opportunities for rehabilitating distressed debt and resolving non-performance of corporate debts.
Key Responsibilities:
- Manage Asset Quality by use of effective and efficient Credit Policies, proactive procedures, processes & practices
- Develop and implement debt collection and management strategies that support the bank to achieve a healthy corporate debt portfolio
- Dealing with External Service providers such as Lawyers, Auctioneers, Property Managers, Receivers, Project Managers, Estate Agents, Investigators and overseeing issuance of necessary instructions for the services required
- Issuance of necessary demand and statutory notices for defaulted debts, tracking adherence and effecting recovery in liaison with the relevant stakeholders
- Providing periodical and ad hoc reports in relation to the performance of Corporate Banking Asset portfolio to relevant stakeholders
- Providing support to all internal stakeholders
- Oversee the day-to-day activities performed by the team members
- Identifying gaps such as time management, performance related issues, discipline issues, adherence to policies and procedure of the Bank and taking the appropriate action
Qualifications
Academic:
- Bachelor’s Degree from a recognized institution
- Master’s Degree is an added advantage
Professional:
- Certification in Credit, Debt Management or Accountancy
Desired work experience:
- At least 5 years of banking experience of which 3 years must be in Credit Department or in a similar role
Key Competencies and Skills
- In-depth knowledge of the banking industry, banking products, banking services and banking regulations.
- Sound working knowledge and understanding of general commercial regulations and practice
- Excellent & effective communication and active listening skills
- Confidence and Presentation skills
- Understanding and interest in financial / banking products and markets
- Ability to analyze and research information.
- Ability to explain complex information clearly and simply.
- Good negotiation skills with demonstrated performance
- Strong skills on Excel, Outlook & Word
- Solid ability to use PowerPoint to develop presentations.
- Team skills are essential for collaboration and problem solving.
- Leadership & Initiative
- Organizational & solid administrative discipline
Education: Degree, Diploma
Employment Type: Full Time
