Kenya Commercial Bank Limited is registered as a non-operating holding company which started operations as a licensed banking institution with effect from January 1, 2016. The holding company oversees KCB Kenya – incorporated with effect from January 1, 2016 – and all KCB’s regional units in Uganda, Tanzania, Rwanda, Burundi, Ethiopia and South Sudan. It also owns KCB Insurance Agency, KCB Capital, KCB Foundation and all associate companies. The holding company was set up to among other things to enhance the Group’s capacity to access unrestricted capital and also enable investment in new ventures outside banking regulations, achieve operational and strategic autonomy for the Group’s operating entities and enhance corporate governance across the Group and oversight in management of subsidiaries.

KEY RESPONSIBILITIES:

• Contribute to Group profit through Recoveries, Upgrades and writeback of Impairments held.
• Support development, recommend and implement strategies to ensure that debts in arrears are recovered and properly graded in line with CBK prudential guidelines on non-performing corporate debts.
• Lead detailed negotiations with customers to obtain commitment to implement appropriate strategies to minimize inherent risks in the business, reduce the delinquent debts in arrears through aggressive recoveries and viable restructurings.
• Represent Bank in Lenders meetings for syndicated facilities under financial distress.
• Proactively develop and manage relationships with key stakeholders including regulators, insolvency practitioners and turnaround experts to maximize benefits in turning around distressed assets.
• Ensure preparation of reports i.e Top 20, monthly Recovery strategy sheets, monthly recoveries as well as quarterly Top 100 reports.
• Track implementation of credit action plans and offer support in resolution of credit audit issues to ensure achievement of satisfactory credit audit ratings.
• Undertake continuous securities review and assessment of provisions adequacy to determine optimum levels of impairments based on projected future cashflows from accounts under their control.
• Close follow up with service providers engaged to aid in recovering the nonperforming corporate debts. (Lawyers, Auctioneers, Valuers, Process servers and Private Investigators)
• Ensure compliance with credit policies, regulatory requirements and best practice in the monitoring and control process with a view to minimizing Credit Risk.
• To minimize cost of recovery by employing alternative methods that are less costly.

REQUIREMENTS

MINIMUM POSITION QUALIFICATION 

• Bachelors degree    Business Related
• Masters Degree    Masters Degree from relevant field
• Professional Qualifications    CPA, ACCA, AKIB
• Portfolio Management courses
• Credit
• Total Minimum No of Years Experience Required 7 years

Detail    Minimum No of Years

• 7 years General Banking
• 5 years Corporate Credit/ Advisory
• 5 years Corporate Recoveries
• 5 years Customer Relationship management
• 3 years People management
• 5 years Stakeholder & Customer Management