Stima Sacco Head of Credit Job

Head of Credit Operations Job At Stima Sacco In Kenya

To be a market leader in the provision of world class financial services to our members’Stima Savings and Credit Co-operative Society Limited
(Stima Sacco)is a leading country-wide, fast growing and licensed DTS (Deposit Taking Sacco) with an asset base of Kshs17.6bn, a loan book of Kshs 15bn, a deposit base of Kshs14bn anda membership of 45,000 derived mainly from the energy, utilities, services, education, diaspora, small and micro enter
prises
(SMEs) sectors.

Its key priority in the 2015-2020Strategic Plan is to transform its business model and growthrough innovative products, unparalleled customer service,aggressive resource mobilization and expanded wide-distribution channelsacross the country.

As part of our organizational strengthening, we have an opening for the Head of Credit Operations. The position is based in Head Office-
Nairobi.

Head of Credit Operations Job Responsibilities

• Embed credit risk management practices by ensuring adherence to risk management initiatives in line with the credit policy and standards
• Monitor legal and regulatory developments that impact risk and lending policies and ensure credit compliance with regulatory requirements.
• Monitoring and reporting of credit portfolio trends and credit performance; ensuring quality loan book performance
• Ensuring achievement of acceptable recovery rates for all disbursed facilities
• Evaluation of customer credit needs and activities of the competition in liaison with the marketing and business development and the branches and come up with a solution;
• To assist the Society in achieving their asset growth targets by providing effective value adding risk management, whilst maintaining a quality-lending book, through judicious and effective management thereof;
• The delivery of a professional service to the branches, by assessing and evaluating credit facilities (new and/or existing) based on sound credit & financial principles which supports the minimising of risk to the Society; and
• Ensure the effective assessment of riskwith respect to lending and related activities across all branches.

Technical and Personal Skills

Problem Solving

• Must be able to integrate specific deal analysis, counter-party analysis, and contextual risk analysis to identify and evaluate sources of risk and recommend risk mitigation actions / options.
• Solving job related problems within a broadly defined framework and policy. Required to be pro-active in forward thinking and sensitive to the impact the decision will have on the book. Should be able to generate solutions to job related problems.
• Evaluating the risks and benefits of each credit facility application and supporting information, taking into account broad industry risks, total Society exposure to specific sectors/individuals, and the risk profile of the counterparty applying for credit.
• Ability to translate the society credit strategy into departmental business plans and operationalize the same through a focused performance management Planning
• Effectively monitor performance of all facilities processed especially through maintaining accurate records and hence meeting reporting requirements.
• Monitor developments in the industry and economy that would have an impact on the personal lending space and escalate observations as appropriate.
• Integrate learning’s from monitoring developments in the industry and economy generally into credit decisions and approval conditions.
• Plan daily routine such that TAT on credit reviews are consistently met, while not neglecting prompt responses to calls and inquiries via mails from branches.

Decision making

• Approve/Recommend for approval, decline and rework decisions on all credit applications submitted.
• Making judgment calls regarding the effectiveness of security/collateral offered, and setting appropriate risk parameters in respect of specific facility structures within which clients will need to operate to contain risk at acceptable levels.
• Taking decisions regarding appropriate corrective action in the management of increasing risk profiles, and counterparty failure to comply with credit agreements.
• Identifying industry trends and conditions that may threaten the value of security/collateral held, and managing appropriate corrective action in a way that is sensitive to the Society’s relationship with its clients, without unnecessarily compromising the Society’s security position.
• Ability to present, communicate and effect essential changes to improve credit management in the Society in line with the emerging micro and macro financial developments;
• Proven leadership and people management skills with a high level of commitment and enthusiasm;
• Good communication, negotiation and presentation skills
• Proactive team player with drive for results;
• Must be familiar with legislation relating to lending practices

Qualifications For Head of Credit Operations Jobs In Kenya

• A Master’s degree in Finance or Business from a recognised University;
• A Bachelor’s Degree in Credit or Business related management;
• Professional qualification in banking, Risk Management Credit management or accounting;
• Detailed understanding of accounting, including both management and financial accounting, in order to analyze the financial strength and weaknesses of clients, and identify potential risk to credit proposals.
• Sound knowledge and understanding of credit criteria, credit policies, risk and financial analysis, credit control and the application thereof
• Thorough working knowledge of the operating system and its related procedures, for analyzing the account behavior of clients, identifying trends or shift in credit risk profiles and the management of excesses.
• Thorough understanding of all the Society’s product and facilities that give rise to counterparty credit risk, including their mechanisms and source of profitability for the client and the Society, and what constitutes credit risk in these facilities. Understanding terms of the facilities, and any conditions and covenants that will need to be complied with over the duration of the facility’s life, in order to manage risk within set parameters.
• Sound knowledge of available products, including related products, competitor products and industry trends.
  Must know product constraints and how to adapt to customer needs and profitability.

Experience

• Minimum of 7 years credit management experience, particularly pertaining to credit risk management, credit processes with regard to credit products and the operation thereof with 3 at Senior Management level.

Personal Competencies

• Methodical; must be able to prioritize
• Attention to detail; thorough, particular and accurate
• Analytical; good numerical ability
• Initiative; ability to act with no supervision
• Resilience; ability to stand ground when being challenged.
• Integrity; maintaining a high level of trust.
• Written communication; correspondence to be articulated in a logical, well-structuredand user-friendly manner

Click HERE to apply online

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