Position scope

Reporting to the General Manager, Greenland Fedha, the successful candidate is responsible for providing strategic leadership and oversight of Greenland Fedha’s entire credit function. The role will ensure effective credit risk management through formulation and implementation of credit policies, supervision of lending operations, maintenance of portfolio quality, and leadership of recovery and collections strategies.

The position will ensure that all lending activities supports Greenland Fedha’s growth objectives while maintaining strong portfolio performance and compliance with regulatory and internal standards.

Key Responsibilities

• Formulating and implementing Greenland Fedha’s credit policy.
• Conducting regular reviews of the credit policy to ensure its relevance to business requirements and CBK and statutory regulations.
• Developing and implementing Greenland Fedha’s credit strategy.
• Providing credit forecasting and monitoring credit-related performance.
• Implementing credit risk assessment methodologies, including credit scoring models and credit vetting criteria and processes, and maintaining custodianship of all credit-related data.
• Providing objective assurance that major credit risk factors are being managed appropriately and internal credit controls are functioning effectively.
• Ensuring compliance with Greenland Fedha’s credit policies and procedures.
• Ensuring that customers’ financing needs for working capital and capital expenditure are being addressed appropriately and profitably through the offering of suitable credit products.
• Formulating and optimizing credit scoring strategies in various business areas.
• Managing credit risk through regular analysis and evaluation.
• Contributing to pricing structures for new products and reviewing and monitoring established pricing guidelines.
• Liaising with the Credit Reference Bureau on prospects/commitment clients and reporting underperforming loans to ensure non-migration of bad assets within the industry.
• Carrying out credit appraisals to vet all credit proposals from branches and other lines of business.
• Recommending and implementing recovery measures for non-performing or bad loans.
• Preparing management reports on loan trends and using analysis for future operational growth.

Qualifications/Skills/Experience

The ideal candidate must possess the following qualifications and competencies:

• Bachelor’s degree in Finance, Accounting or Business related field
• Must have CPA Finalist, CCP or AKIB
• Must be a member of a professional body
• Masters in Finance, Accounting or Business related field
• Minimum ten (10) years’ experience in experience in a credit function within a bank, financial institution or other service oriented organization. 4 years at a Senior Management level with a focus on credit risk.
• Good understanding of credit processes, lending and customer care.
• Knowledge and understanding of the Banking Act and Central Bank of Kenya (CBK) clearing procedures and prudential guidelines.
• Must have demonstrated ability to handle departmental budgets, resources, processes, projects and relationships
• Should have thorough knowledge of the relevant industry/sector as well as knowledge of regulatory requirements affecting the relevant sector
• Must be capable of functioning effectively both as a team player and a team leader
• Must have ability to plan, organize, implement and evaluate departmental goals
• Must demonstrate ability to handle multiple and conflicting priorities, and work under strict deadlines.
• Should have strong analytical and be result oriented
• Must have high standards of integrity and ethical practice
• Must have management and Leadership skills
• Must have ability to accurately plan work assignments, prioritize tasks and deliver deadlines
• Should have problem solving and decision making abilities
• Should be an effective communicator with the ability to handle both internal and external communication
• Should demonstrate ability to identify and respond to risk areas within the department
• Should have effective people management and conflict resolution skills