Collections Officer, Retail Credit job at I&M Bank
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62 Days Ago
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Vacancy title:
Collections Officer, Retail Credit

[ Type: FULL TIME , Industry: Banking , Category: Sales & Retail ]

Jobs at:

I&M Bank

Deadline of this Job:
09 February 2023  

Duty Station:
Within Kenya , Nairobi , East Africa

Date Posted: Thursday, January 26, 2023 , Base Salary: Not Disclosed

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Job Summary:
• To ensure that Retail Business meets its credit objectives through monitoring of accounts’ performance and managing late repayments and arrears to ensures delinquency rates are managed within Bank’s stipulated acceptable levels.

Key Responsibilities:
The incumbent will report to Senior Manager, Retail Collections & Recoveries and will be responsible for:
• Monitoring allocated accounts on a daily basis and instituting timely corrective measures to avoid delinquency
• Contacting clients in default to ensure repayments are received.
• Ensure the set collections targets and flow rates are met
• Analyzing paid up debts and recommending closure of the accounts.
• Implementing the set strategies and methodologies to reduce volume of past due accounts and write offs.
• Highlight any credit failures as first level of contact with these issues to provide lessons learnt to improve the credit approval process

Personal Skills/Attributes:
• Good business communication (written and verbal) skills.
• Should possess strong negotiations and good interpersonal skills and be able to interact with all levels of personnel within and outside the Bank.
• Proficiency in the use of computers - MS office, relevant banking software.
• Good problem solving and analytical skills.
• Good judgment and decision-making skills.
• Ability to work independently, with minimal supervision.
• Ability to work with large volumes of work.

Qualification and Experience
• Three years continuous working at officer levels in debt management preferably a bank out of which two years must be in credit department.
• Degree from a recognized University

Closing:31st January 2023

Work Hours: 8

Experience in Months: 36

Level of Education:
Bachelor Degree

Job application procedure
• Interested and qualified? Click here to apply

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Job Info
Job Category: Accounting/ Finance jobs in Kenya
Job Type: Full-time
Deadline of this Job: 31 January 2023
Duty Station: Nairobi
Posted: 26-01-2023
No of Jobs: 1
Start Publishing: 26-01-2023
Stop Publishing (Put date of 2030): 26-01-2066
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