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Career Opportunities at HF Group

Career Opportunities at HF Group,

Career Opportunities at HF Group

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Housing Finance Company of Kenya was incorporated as the premier mortgage Finance Institution in Kenya licensed under the Banking Act with the CDC and the GoK owning 60% and 40% respectively.

Housing Finance started operations with the main objective of implementing the government’s policy of promoting thrift and home ownership

Middle Officer – Asset Finance

Overall Job Purpose

The Middle Officer – Asset Finance will be responsible for:

  • Coordinating activities from all Motor Vehicle dealers, Insurance Companies, Brokers, Agents and direct customers.
  • Coordinating all Car tracking companies and follow ups on all matters relating to tracking of motor vehicles
  • Liaise with internal functional partners to ensure support to Relationship Managers and clients are adequate and prompt.
  • Undertake Quality Assurance of the Asset Finance applications on the forms and call backs where applicable
  • Coordinate the Dealer activities and confirm their documentation
  • Ensure compliance with the Lending policy of the Bank, with regard to the insurance premium finance and Vehicle and Asset Finance loan products.

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Principle Accountabilities

  • Following up with Insurance Companies to ensure timely payment of refunds on cancellation of Insurance Premium Finance facilities
  • Ensure timely preparation and submission of accurate management reports
  • Confirming that tracking devise is installed and working.
  • Confirm Initial Transfer by customer has been done on TIMS
  • Ensure all documents are in place as per checklist.
  • Check if the client has executed the letter of offer
  • Check if the client has executed security agreement, chattels agreement (dealer to sign dealers’ invoice) and relevant forms.
  • Confirm whether the Arrangement fee, chattels fee and legal fee has been recovered and the clients account has enough funds for transaction fees where necessary.
  • Confirm whether the dealer has transferred ownership of the vehicle to the joint names i.e. bank and borrowers name (dealer to provide transfer of ownership print out & receipt)
  • Confirm the client has accepted ownership of the new vehicle and provided a print out of NTSA acceptance page. Check to confirm that the person to collect the logbook is a bank official
  • Follow up and confirm receipt of original logbook from the dealer
  • Undertake Call backs with dealers to confirm receipt of final invoice and account details
  • Confirm that the vehicle has been fitted with a tracking device for the term of the loan by a company in the Bank’s panel (tracking certificate). Check on the tracking system to confirm the vehicle is actually tracking.
  • Confirm dealer documentation (Certificate of incorporation /ID and Pin certificate) has been provided.
  • Confirm client has filled Credit life & Motor Insurance Proposal form

Minimum Qualifications, Knowledge and Experience

  • University degree in a business related field.
  • Professional Qualifications in Accountancy and or credit
  • At least 3 years banking experience in Asset Finance Management
  • Proficient in Microsoft Office applications
  • Conversant with all Asset finance related matters
  • Strong appreciation of banking operations in Kenya

Key Competencies and Skills

  • Good networking skills within the Motor Industry
  • Team Work and Interpersonal skills.
  • Integrity and Professionalism, Communication Skills
  • Ability to work independently under strict deadlines.

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Asset Finance Manager

Overall Job Purpose

The Asset Finance Manager will be responsible for:

  • Developing and managing the growth of the Asset Finance and Insurance Premium Finance products in the bank.
  • Coordinating activities from all Motor Vehicle dealers, Insurance Companies, Brokers, Agents and direct customers.
  • Coordinating all Car tracking companies and follow ups on all matters relating to tracking of motor vehicles
  • Principal contact for all asset finance related issues in the bank

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Principle Accountabilities

  • Growth of income from Asset Finance and Insurance Premium Finance products and services
  • Growth of customer base for Asset Finance and Insurance Premium Finance products and services
  • Liaise with internal functional partners to ensure support to Relationship Managers and clients are adequate and prompt.
  • Oversee the Asset Finance and Insurance Premium Finance lines of business for the bank
  • Review the Bank’s Asset Finance and Insurance Premium Finance offerings (packages) and appropriate pricing strategies for the target market segments.
  • Assist in developing annual business plan and annual sales targets that will ensure HFC commands desirable market share within the Asset Financing and Insurance Premium Finance market segment.
  • Develop and implement promotion programmes to enhance demand creation for the Bank’s Asset Finance and Insurance Premium Finance offers and accelerate business growth. This includes internal and external promotion programmes.
  • Coordinate sales channels through Relationship Managers and Branch network to drive the growth of Asset finance and Insurance Premium finance volumes
  • Training all branches and support departments on Vehicle and Asset Finance and Insurance Premium Finance products to ensure uniform knowledge levels
  • Organizing and hosting customer/supporters functions in recognition of business support
  • Attending customer/supporters function on behalf of the bank and representing the bank in industry functions where required
  • Managing the relationships between the bank and the different stakeholder in the Asset Finance and Insurance Premium Finance value chain namely: Insurance Companies, Insurance Brokers, Insurance Agents, Motor Dealers and Asset Dealers.
  • Managing all customer queries and establishing feedback monitoring mechanisms to ensure customer satisfaction
  • Supervising the Department’s Administrative role to ensure both internal and customer service standards are strictly observed and maintained
  • Ensuring that the insurance premium finance and Vehicle and Asset Finance loan portfolio is closely monitored and where default or anomaly is detected
  • Following up with Insurance Companies to ensure timely payment of refunds on cancellation of Insurance Premium Finance facilities
  • Prepare sector reports as part of market assessment/business screening.
  • Implement processes and procedures that ensure on-going compliance with requirements of relevant risk management systems and policies for Vehicle and Asset Finance and Insurance Premium Finance line of business.
  • Ensure compliance with the Lending policy of the Bank, with regard to the insurance premium finance and Vehicle and Asset Finance loan products, timely reconciliation of suspense and income accounts
  • Ensure timely preparation and submission of accurate management reports
  • Cross sell the other bank products to the customers and non-customer

Minimum Qualifications, Knowledge and Experience

  • University degree in a business related field.
  • Professional Qualifications in Accountancy and or credit
  • Master’s degree in a business- related field will be an added advantage
  • At least 7 years banking experience in Asset Finance Management
  • Proficient in Microsoft Office applications
  • Fully conversant with all Asset finance related matters
  • Strong appreciation of banking operations in Kenya

Key Competencies and Skills

  • Good networking skills within the Motor Industry
  • Team Work and Interpersonal skills.
  • Integrity and Professionalism, Communication Skills
  • Ability to work independently under strict deadlines.
  • Demonstrated good planning and organization skills.
  • Report writing and presentation skills.

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Method of Application

Use the link(s) below to apply on company website.

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