Assistant Manager – Debt Recovery job at I&M Bank
Website :
24 Days Ago
Linkedid Twitter Share on facebook

Vacancy title:
Assistant Manager – Debt Recovery

[ Type: FULL TIME , Industry: Banking , Category: Accounting & Finance ]

Jobs at:

I&M Bank

Deadline of this Job:
16 September 2022  

Duty Station:
Within Kenya , Nairobi , East Africa

Date Posted: Friday, September 09, 2022 , Base Salary: Not Disclosed

Similar Jobs in Kenya
Learn more about I&M Bank
I&M Bank jobs in Kenya

Assistant Manager – Debt Recovery

The role is responsible for
• Responsible for determining the objectives, strategies and actions that need to be adopted to address business-risk issues, reduce the Bank’s risk, and achieve managed exit/recovery solutions so that the bank realizes the maximum return in the shortest possible time.
• Responsible for a portfolio made up of fast depreciating & highly moveable assets, thus a need to ensure prompt & speedy strategies & actions to recover debt.
• Ensure that the bank does not incur losses in terms of non- performing loans under the bank’s portfolio. This is achieved through constant engagement with bank’s branches and customers whose accounts are already in the NPA category.
• The job entails a balance between safeguarding customer relationship and the need to ensure recovery of outstanding debt with minimal delays.

Debt Management and control:
• Lead detailed negotiations with customers, sometimes in conjunction with Relationship Managers, regarding debt settlement and implementation of debt settlement proposals.
• Lead proactive formulation and implementation of strategies on managed exits/recoveries.
• Manage relationships with customers in a manner which, through professional communication of often uncomfortable messages manages customer satisfaction and enhances the I&M brand.
• Prepare and submit necessary returns to the local regulatory authorities and Head Office on impaired debts
• Ensure that the necessary approvals are obtained as per the delegated approval matrix for strategies and expenditure whenever necessary.
• Prepare and submit required reports to the Board Credit Commitee, Non Performing Accounts & Credit Risk Management Committees in a timely manner and working on provisions.
• Ensure data integrity & quality control of facilities is maintained.
• Prepare summons instructions to external lawyers, valuers, auctioneers and other professionals to manage recovery of debts through the courts & professionals, including disposals of debtors’ assets.
• Manage relationships with external service providers such as receivers, liquidators, reppossesors, valuers, auctioneers, lawyers, debt collectors, etc who provide services in relation to Debt Recovery.

Risk & Control Objectives
• Process the recovery of debts whilst ensuring compliance with local legal, regulatory requirements and the bank’s internal procedures.
• Ensure satisfactory Internal or External Audit Reports
• Ensure satisfactory Conformance assessments
• Ensure Impairment Management and MI Reporting is produced accurately and on time.

Academic Qualifications
• Bachelor of Commerce, Specialization in Accounting

Professional Qualifications
• Diploma in Credit Management.
• Professional Banking qualifications (e.g. ACIB)

• Experience in both corporate relationship management and credit risk analysis
• Experience in dealing with senior management of corporate entities
• Good knowledge of the local legal system, insolvency law and security issues, and the options available to the Bank.

Skills and Attributes
• Good credit risk skills
• Effective communicator.
• Excellent negotiation and influencing skills
• Good relationship management skills
• Strong commercial awareness
• Good interpretation and decision making ability
• Strong analytical and numerical skills
• Strong communication and report writing skills
• Good knowledge of Microsoft Excel and other spreadsheet/database applications
• Strong planning, coordination and time management skills

Job Experience: No Requirements

Work Hours: 8

Level of Education:
Bachelor Degree

Job application procedure

If you believe you meet the above requirements log onto our  and click on careers and apply for the position. Your application should reach us as soon as possible but not later than 16th September 2022.

All Jobs


Job Info
Job Category: Accounting/ Finance jobs in Kenya
Job Type: Full-time
Deadline of this Job: 16 September 2022
Duty Station: Nairobi
Posted: 10-09-2022
No of Jobs: 1
Start Publishing: 10-09-2022
Stop Publishing (Put date of 2030): 10-09-2066
Apply Now

Notification Board:

Join a Focused Community on job search to uncover both advertised and non-advertised jobs that you may not be aware of. A jobs WhatsApp Group Community can ensure that you know the opportunities happening around you and a jobs Facebook Group Community provides an opportunity to discuss with employers who need to fill urgent position. Click the links to join. You can view previously sent Email Alerts here incase you missed them and Subscribe so that you never miss out.

Caution: Never Pay Money in a Recruitment Process.

Some smart scams can trick you into paying for Psychometric Tests.