Safaricom Sacco Ltd is a leading savings and credit cooperative society in Kenya, serving over 17,000 members from various sectors.
As part of our growth strategy, we are looking to hire qualified personnel to fill the position of a Senior Credit Officer – Loan Issuance.
Similar job Job Vacancies at One Acre Fund
Reporting to the Credit Manager, the position holder will oversee the societies’ loan issuance function by ensuring adherence to lending policies and procedures and constantly reviewing them to meet relevant changes in the financial sector.
As a Senior Credit Officer – Loan Issuance, you will be responsible for:
- Evaluating creditworthiness and ensuring timely appraisal of all loan applications.
- Confirming loan repayment mode and ensuring that appropriate documentation are attached to facilitate prompt loan recovery.
- Ensuring professional, timely, accurate and efficient feedback to clients on pending documentation and requirements on pending loans and any other information sought.
- Consistently monitoring remittance of loan repayment through various channels such as direct debit, check off, Fosa remittance and standing orders etc.
- Ensuring a 100% SLA adherence on all loan applications.
- Conducting risk assessments and client credit analyses.
- Reviewing financial statements, valuation reports, charge documents, policy documents and other documents to identify potential risks or opportunities, in making credit decisions.
- Drafting letters of offer and valuation reports for signoff by the Credit manager.
- Promptly submitting valuation and charge instructions to valuers and lawyers respectively.
- Following up on loans pending conveyance with the goal of SLA adherence.
- Perfecting security inline with the credit policy, safeguarding all securities and keeping an updated collateral register of all types of loans.
- Reviewing and assessing the performance of the Sacco loan portfolio and making recommendations to the credit manager.
- Appraising new loan applications to prevent new loan default
- In charge of recovery on accounts in 31-60 days arrears.
- Scrutinizing direct debit forms submitted by loan applicants to ensure they are correctly filled and all details are captured correctly.
- Ensuring that all internal standing orders are instituted promptly.
- Maintaining a high standard of operational control including adherence to risk management and compliance guidelines.
- Keeping updated with Sacco’s guidelines for its internal policies and procedures to mitigate financial loss and fraud within the Sacco.
- Inducting and training new staff recruited into the department.
- Supervising loan officers’ roles and responsibilities.
- Managing and prioritising the work of the team including taking responsibility for assigning tasks that work is completed on time in line with Sacco priorities.
- Providing financial advisory services and education to members on savings and loans in Sacco forums, to walk-ins, and through phone calls
- Ensuring efficient flow of information to and from members and other stakeholders.
- Answering various routine inquiries both phone and mails from the clients and other members of the general public.
- Preparing monthly/weekly credit reports as and when they fall due.
- Analysing the loans report / relevant reports to the role and making recommendations to management.
To qualify for this position, you need:
- A Degree in Commerce / Business Administration or any other related field with at least CPA Part II/ ACCA II;
- A Diploma in Co-operative Management or any other related professional course will be an added advantage.
EXPERIENCE:
- At least 3 years’ experience in a similar role in a busy financial Institution.
KEY COMPETENCES:
Knowledge:
- Good knowledge of Excel spread sheets & MS Word.
- Computer literate
Skills:
- Excellent customer focus
- Good Interpersonal skills
- Good Communication skills
- Good problem-solving and critical thinking skills
- Analytical skills and attention to detail.
Submit your CV, copies of relevant documents, and Application to saccocommittee@Safaricom.co.ke
Use the title of the position as the subject of the email
Closing Date : 2 October. 2023
