Asset Quality Officer – ()
Description
Equity Bank is one of the region’s leading banks whose purpose is to transform the lives and livelihoods of the people of Africa socially and economically by availing them modern and inclusive financial services that maximize their opportunities. With a strong footprint in Kenya, Uganda, Tanzania, Rwanda, South Sudan and DRC Congo, Equity Bank is now home to over 12 million customers – the largest customer base in Africa. Currently the Bank is seeking additional talent to fill the role of Asset Quality officer.
Job Purpose:
The role holder is tasked to evaluate, develop and monitor recovery action plans on SME accounts on a continuous basis, to achieve maximum and timely recoveries and/or turnaround at minimal costs and ensure the SME portfolio at risk (PAR) is maintained at acceptable banks levels.
Key Responsibilities
Undertaking an initial assessment of distressed borrowers and negotiating repayment arrangements with customers by assessing monthly income and expenditure statements and affordability of reductions proposed.
Review of facilities through Credit Risk on each file on the best recovery option including restructuring and asset classifications.
Ensure sanctioned loan facilities are monitored and controlled in accordance with the bank’s lending policy and Central Bank of Kenya prudential guidelines.
Ensuring necessary recovery notices have been issued on time to SME clients whose loans are in depicting strain in liaison with Branch and Debt Recovery Unit.
Develop and implement recovery strategies and action plans for each SME non- performing debt in liaison with Branch and debt recovery unit.
Reduction of non- performing debts through aggressive recoveries and viable restructuring options.
Review of facilities through Credit Quest on each file on the best recovery option including restructuring and asset classifications.
Correspondence with both external and internal customers.
Preparation of SME recovery reports and continuous update on recovery status reports on SME Banking clients.
Monitor debtors’ compliance with the agreed settlement arrangements.
Coach, guide and motivate staff to enhance efficiency and productivity.
Qualifications
Qualifications, Experience & Key Competencies
Bachelor’s degree in business related degree from an institution recognized by Commission for University Education.
At least 3 years’ banking experience with credit background
Demonstrates a clear understanding of recoveries processes in SME and must be able to provide direction and strategic thinking where appropriate in relation to distressed assets and loans in default.
Should have sound knowledge in accounting and financial principles, Credit risk management, Business banking, Investment banking.
Understanding of Legal principles related to lending and collateral rights.
Must have the ability to translate and apply Credit knowledge to optimize positive outcomes in negotiations with clients.
Goal-oriented with the ability to work with minimal supervision.
Excellent interpersonal skills.
Strong verbal and written communication skills.
Demonstrates high standards of integrity.
