Background information about the job or company (e.g., role context, company overview)

The Agricultural Finance Corporation (AFC), a wholly owned Government Development Finance Institution (DFI), was established in 1963 initially as a subsidiary of the Land and Agricultural Bank. In 1969, it was incorporated as a full - fledged financial institution under the Agricultural Finance Corporation Act, Cap 323 of the laws of Kenya. It was t...

Responsibilities or duties

Job purpose:

The job holder is responsible for managing the operations of the Loan Recoveries department in line with AFC’s strategies and policies so as to collect and recover the outstanding loans under the non-performing loan portfolio.

Key Responsibilities:

• Develop and implement comprehensive remedial strategies for delinquent accounts and non-performing loans (NPLs).
• Oversee the end-to-end recovery process, including restructuring, refinancing, and enforcement of security.
• Manage a portfolio of distressed assets, ensuring timely resolution and optimal recovery rates.
• Negotiate and implement workout arrangements (e.g., forbearance, rescheduling, debt-equity swaps) with defaulted borrowers.
• Coordinate with legal teams to initiate foreclosure, receivership, or insolvency proceedings where necessary.
• Conduct in-depth financial and viability assessments of distressed borrowers to determine recovery potential.
• Monitor and report on the performance of remedial accounts, including provision coverage and recovery timelines.
• Collaborate with internal stakeholders (Credit, Legal, Finance) to align recovery actions with risk appetite.
• Engage external partners (auctioneers, valuers, debt collectors) to expedite asset recovery.
• Recommend write-offs or impairment provisions for irrecoverable debts per policy guidelines.
• Ensure compliance with regulatory requirements (e.g., CBK Prudential Guidelines) in all recovery actions.
• Analyze root causes of NPLs and recommend preventive measures to mitigate future risks.
• Maintain accurate records of recovery activities, including legal documentation and settlement agreements.
• Represent the Corporation in court or arbitration proceedings related to debt recovery.
• Conduct root cause analysis of NPLs to inform credit policy enhancements
• Perform any other duties as assigned by management.

Qualifications or requirements (e.g., education, skills)

Person Specifications:

For appointment to this grade, a candidate must have:

• Master’s degree from a recognized institution
• Bachelor’s degree in Business Administration, Actuarial science, Mathematics, Agribusiness, Agricultural economics, Banking, Finance, Economics or any other related course or equivalent qualification from a recognized institution
• Professional qualification in Credit Management from a recognized institution
• A member of a recognized professional body where applicable and in good standing. Management course lasting not less than four (4) weeks from a recognized institution
• Proficiency in computer applications; and
• Fulfills the requirements of Chapter Six of the constitution.

Experience needed

• A minimum of fifteen (15) years’ work experience, three (3) of which must have been at least in senior management level;

Any other provided details (e.g., benefits, work environment, team info, or additional notes)

Key Competencies and Skills

• Excellent business acumen
• Leadership and management skills
• Excellent interpersonal and communication skills
• Report writing skills
• Analytical and modelling skills
• Strong situational analysis capability
• Attention to detail and critical thinking
• Strategic planning and problem-solving
• Innovative and resource mobilization skills

• Develop and implement comprehensive remedial strategies for delinquent accounts and non-performing loans (NPLs).
• Oversee the end-to-end recovery process, including restructuring, refinancing, and enforcement of security.
• Manage a portfolio of distressed assets, ensuring timely resolution and optimal recovery rates.
• Negotiate and implement workout arrangements (e.g., forbearance, rescheduling, debt-equity swaps) with defaulted borrowers.
• Coordinate with legal teams to initiate foreclosure, receivership, or insolvency proceedings where necessary.
• Conduct in-depth financial and viability assessments of distressed borrowers to determine recovery potential.
• Monitor and report on the performance of remedial accounts, including provision coverage and recovery timelines.
• Collaborate with internal stakeholders (Credit, Legal, Finance) to align recovery actions with risk appetite.
• Engage external partners (auctioneers, valuers, debt collectors) to expedite asset recovery.
• Recommend write-offs or impairment provisions for irrecoverable debts per policy guidelines.
• Ensure compliance with regulatory requirements (e.g., CBK Prudential Guidelines) in all recovery actions.
• Analyze root causes of NPLs and recommend preventive measures to mitigate future risks.
• Maintain accurate records of recovery activities, including legal documentation and settlement agreements.
• Represent the Corporation in court or arbitration proceedings related to debt recovery.
• Conduct root cause analysis of NPLs to inform credit policy enhancements
• Perform any other duties as assigned by management.

• Excellent business acumen
• Leadership and management skills
• Excellent interpersonal and communication skills
• Report writing skills
• Analytical and modelling skills
• Strong situational analysis capability
• Attention to detail and critical thinking
• Strategic planning and problem-solving
• Innovative and resource mobilization skills

• Master’s degree from a recognized institution
• Bachelor’s degree in Business Administration, Actuarial science, Mathematics, Agribusiness, Agricultural economics, Banking, Finance, Economics or any other related course or equivalent qualification from a recognized institution
• Professional qualification in Credit Management from a recognized institution
• A member of a recognized professional body where applicable and in good standing. Management course lasting not less than four (4) weeks from a recognized institution
• Proficiency in computer applications; and
• Fulfills the requirements of Chapter Six of the constitution.