Posted:4 hours ago
By:Hiring Kenya
Company Details
Industry:
Banking
Description:
Equity Bank Limited (The "Bankโ) is incorporated, registered under the Kenyan Companies Act Cap 486 and domiciled in Kenya. The address of the Bankโs registered office is 9th Floor, Equity Centre, P.O. Box 75104 - 00200 Nairobi. The Bank is licensed under the Kenya Banking Act (Chapterย 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 societyโs 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 fin
Job Description
Key Responsibilities
- Develop and document Credit management strategies, policies, and procedures that are fit for purpose and aligned to the Equity Afya business strategic objectives.
- Conduct regular credit risk assessments and recommend mitigation strategies.
- Ensure accurate and timely reconciliation and issuance of statements of accounts.
- Manage EQA debt portfolio to ensure 95% Account Receivables collection before or on the due dates and according to the associated collection targets.
- Negotiate favorable payment terms with EQA partners and ensure adherence to the agreed payment plans.
- Work collaboratively with business development and Customer success teams to create deep customer relationships that facilitate timely payments and overall, a harmonious working relationship with Equity Afya clients.
- Learn, understand and internalize the business’s annual cash flow needs from the annual budgets.
- Maintain an accurate Account Receivables -Ageing schedule and provide timely (daily, weekly, monthly, quarterly) analysis reports, identifying potential risks and risk mitigation actions to ensure that the Account Receivables is always aligned to the company’s contractual commitments.
- Highlight potential bad debts and propose provisions or write-offs.
- Ensure compliance with financial policies, statutory regulations, and audit requirements.
- Support both internal and external audits related to accounts receivable.
Qualifications, skills and attributes
- Be a holder of a business-related bachelor’s degree in commerce, Accounting, Finance or any other related field gained from a recognized institution.
- Possess relevant professional qualification(s) such as CPA or ACCA, or CCP
- Be a member in good standing of a recognized relevant professional body e.g. ICPAK, ACCA, ICM
- Have knowledge and relevant work experience of not less than five (5) years in managing credit and accounts receivable.
- Proven experience in leading a team.
- Strong knowledge of credit control principles, practices and regulations in Kenya.
- Excellent analytical skills with the ability to evaluate financial information, perform risk assessments and make informed credit decisions.
- Posses strong organizational, communication, negotiation and stakeholder management skills.
- Excellent Customer Relationship Management skills.
- Self-motivated and ability to deliver on targets.
Salary: Discuss During Interview
Education: Diploma
Employment Type: Full Time