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

JOB DETAILS:
Key Responsibilities
Managerial / Supervisory Responsibilities
• Implementing developed policies and procedures that guides day to day operations of the institutions in Liquidation
• Enforcing Compliance of the developed policies, procedures and other operational guidelines for efficient and effective liquidation and winding up of troubled financial institutions
• Supervising Preparation of periodic reports including statement of affairs to apprise all stakeholders on the progress made in resolving the banks/ financial institutions in liquidation for eventual winding up
• Supervising Preparation of the check list to be used in winding up a non-viable banks/ financial institution in liquidation
• Supervising the preparation of the various periodic performance status reports for the assigned banks/ financial institutions in liquidation to ensure compliance with executed service level agreements. The reports include among others
• Court cases progress reports Statutory notices for defaulting debtors’ status reports Properties scheduled for auction status report Negotiated payments progress report. Undertaking performance appraisal of the direct reports
• Providing coaching and mentorship for direct and indirect reports

Operational Responsibilities
• Generating the information required to aid in tracing, preserving and realizing of the assets of the assigned financial institutions in liquidation
• Reviewing investments applications for surplus funds held by Banks/ Financial institutions in liquidation to ensure completeness and accuracy
• Checking completeness and accuracy of periodic reports including the statement of affairs to assist evaluating continued viability of banks/ financial institutions in liquidation
• Preparing monthly loan collection reports for the banks/ financial institutions in liquidation
• Acting as the liaison person between the institution in liquidation and auctioneers, valuers, advocates investigators and other service providers to facilitate loan recoveries
• Reviewing debtors/ borrowers loan files prepared by the direct reports and making recommendations to the manager resolution to maximize on loan collections
• Updating of the Credit Reference Bureaus reports
• Custodian of securities safe keys and facilitating retrieval and release of securities
• Daily review of all transactions undertaken by banks/ financial institution in liquidation for accuracy and completeness
• Custodian of all payment records for institutions/ banks in liquidation
• Undertaking reconciliation of all internal accounts and securities held
• Reviewing Payments for services offered by different service providers in compliance with existing policies and procedures
• Supervising preparation and filing of statutory returns for the assigned banks/ financial institutions in liquidation
• Undertaking regular reviews of updated data relating to depositors, debtors and creditors of the Institution in Liquidation to ensure accuracy
• Custodian petty cash and facilitating reimbursement
• Supervising collating of the information required by the board to facilitate approval to wind up of identified non-viable institutions
• Compiling the information required by the service providers (Auditors & advocates) to commence the winding process and ensure the records are readily available.

Job Competencies
Academic qualifications
• Bachelor’s Degree in Commerce, Finance, Economics, Business Administration, or any other equivalent qualification from a recognized Institution
• Master’s degree in any of the following disciplines: Commerce, Finance, Economics, Business Administration from a recognized institution is an added advantage.
• Certification in management – an added advantage

Work experience
Six (6) years’ relevant work experience preferably in Banking, Financial Management Credit Administration, Conveyancing, Litigation, Asset Management & Tracing or Insolvency.

Functional Competencies
• Supervisory skills
• Communication skills
• Analytical skills
• Problem solving skills
• Proficiency in computer application skills
• Interpersonal skills
• Presentation skills
• Decision making skills
• Report writing skills
• Budgeting skills

Closing Date Thursday, April 14, 2022 – 23:59

Work Hours: 8

Experience in Months: 72

Level of Education: Bachelor Degree

Job application procedure
Use the link below to apply.
https://www.teamiq.com/acalconsulting/16117

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