Summary
Date Posted: Tuesday, March 15, 2022 , Base Salary: Not Disclosed

JOB DETAILS:
Department: Liquidation
Directorate: Resolution
KDIC Grade: KDIC 7
You will carry out of daily operations of loan collections, realization of securities, updating of records and processing of payments for banks/ financial institutions in liquidation in compliance with the established operations guidelines; ensure timely and prompt payments to depositors and creditors and support successful completion of winding up process of non- viable banks/ financial institutions.

Key Responsibilities
Operational Responsibilities
• Regular following of the assigned borrowers’/ debtors’ files to ensure loans outstanding in banks/ financial institutions in liquidation are paid as negotiated;
• Providing historical information required on long outstanding contentious debts to facilitate negotiations for amicable settlement;
• Capturing all payments by the debtors/ borrowers in a timely and accurate manner in the Corporation Enterprise Resource Planning System;
• Reviewing the existing loan portfolio to identify cases that can be resolved through Alternative Dispute Resolution Mechanisms and making recommendations to the management for review;
• Compiling information relating debtors’/ borrowers for submission to Credit Reference Bureaus (CRB) in accordance with the law;
• Preparing a maturity analysis report for the existing investment portfolio of Surplus funds held by institutions in liquidation for cash flow management planning;
• Providing supporting documents for ongoing court cases to aid in legal recovery of litigated debts;
• Initiating requests to procure services of valuers and auctioneers to facilitate realization of assets through public auctions for approval by immediate supervisor;
• Issuing of instructions to valuers, auctioneers, Advocates and debt collectors to carry out Asset recovery services as per the engaged terms;
• Following up with the engaged service providers (Valuers, auctioneers debt collectors and private investigators) to ensure the process of asset realization is conducted in a seamless manner;
• Preparation of the documents required to assist in releasing of securities for fully paid-up loans/ debts;
• Compiling a report of all contingent liabilities of the banks/ financial institutions in liquidation and monitoring crystallization;
• Maintaining records of all preserved assets for the assigned institutions in liquidation for the benefit of depositors and creditors;
• Identifying and advising the investigations department on assets to be preserved and providing the supporting documents to aid the preservation process;
• Preparing proposals on negotiations by debtors to resolve long outstanding debts for management consideration and approval;
• Receiving and acknowledging depositors’ claims submitted for payments and checking for completeness to ensure timely payments in compliance with customer service Charter;
• Preparation of draft public notices for approval inviting depositors and creditors to lodge claims for payments in compliance with statutory guidelines;
• Preparing of statutory returns for filing with the Registrar of Companies in compliance with KDI ACT 2012; and
• Providing the secretariat services in the process of documenting resolution experiences of fully wound institutions as part of knowledge management and sharing for the corporation.

Job Competencies
Academic qualifications
• Bachelor’s degree in any of the following disciplines: Commerce, Finance, Economics, Business Administration from a recognized institution
Work experience
• 2 years relevant working experience in preferably in Banking, Financial Management Credit Administration, Conveyancing, Litigation, Asset Management & Tracing.

Functional Attributes
• Communication skills
• Analytical skills
• Proficiency in computer application skills
• Interpersonal skills
• Report writing skills
• Budgeting skills
• Time management skills

Work Hours: 8

Experience in Months: 24

Level of Education: Bachelor Degree

Job application procedure
Use the link below to apply.
https://www.teamiq.com/acalconsulting/16124

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