Yetu Sacco Society Ltd is located in Meru, Kenya. Company is working in Financial activity business activities.

JOB REF: YSL/CA-1/2024

ROLES AND RESPONSIBILITIES

• Processing, appraising of loan applications and ensuring that all the necessary support documentation (i.e. Insurances, tracking Certificates, licenses, certifications, statutory and constitutional documents) are received from clients and are current, valid and correctly stored in credit files.
• Ensuring loans are closed in compliance with the loan terms and policy and are properly booked in the core banking system.
• Preparing along with the Head of Credit the credit proposals for presentation and consideration by the credit committee;
• Security perfection of both properties and Motor vehicles i.e.; for motor vehicles must ensure joint registration and for property charge of property before disbursement;
• Offering members with alternative solutions if they cannot qualify for the applied loan;
• Discharging of collaterals after successful clearance of loans;
• Responsible for letters of offer execution;
• Maintaining confidentiality of members loan information;
• Ensuring compliance with the credit policy and procedures of the Sacco and co-ordinating efforts together with the Branches to ensure adherence to the Credit Policy and lending guidelines;
• Ensuring high turnaround time (TAT) for Credit proposals;
• Analyzing periodic monitoring reports from designated clients, third party monitors and discuss with the Head of Credit;
• Ensuring that all appraisal decisions meet the agreed SLA;
• Ensuring all disbursed loans are forwarded in time;
• Management of credit risks through analysis and recommend approvals for facilities within the Institutions tolerable risk levels;
• Co-ordinating enforcement of sanction conditions and risk mitigation strategies;
• Credit monitoring and portfolio analysis;
• Ensuring proper reporting, documentation and review to determine that lending to the respective segments is within acceptable risk;
• Assisting in reviewing and analyzing all new loans from Branches and provide timely recommendations;
• Any other lawful duty as may be assigned from time to time.

QUALIFICATIONS AND EXPERIENCE

• Bachelor’s degree in Cooperative Management or Commerce or its equivalent from a recognized university;
• Have experience in Credit Operations or Debt Collection in Yetu Sacco or like organizations for at least (3) years
• Qualifications in Accounting or Finance are an added advantage;
• Good interpersonal & communication skills with excellent customer service;
• A team player with the drive to improve performance;
• Self-driven and possess the ability to work with minimum supervision;
• A high degree of integrity and commitment.