Summary
Date Posted: Friday, June 28 2024, Base Salary: Not Disclosed

JOB DETAILS:
Shining Hope for Communities (SHOFCO) is a non-profit organization based in Nairobi, Kenya and New York, NY that combats urban poverty and gender inequity in the slums of Nairobi. Kennedy Odede, who grew up in the Kibera slum, founded SHOFCO in 2004 with a focus on youth and gender empowerment. SHOFCO has four initiative areas: education, health, economic an...

Responsibilities
• Receive loan forms from members and register all loan applications for further processing and appraising of business loan applications.
• Support members and other stakeholders on general inquiries on loans.
• Providing member support during loan applications.
• Offer members with alternative solution if they cannot qualify for the applied loan category or levels.
• Verify applicant’s business information and assess ability to repay loans.
• Authenticate documentation presented for all credit applications and ensure completeness and compliance with the credit policy
• Field visits to validate applicants business/household information and their physical locations
• Accurate field visits report to support business/group loan applications
• Ensure all applicants are advised on fate of applications promptly
• Keep the SLAs for the appraisals on loans
• Advise members on use of securities (Collateralization of high-risk accounts)
• Generate CRB reports for loan applications, review and advise applicants as appropriate.
• Manage Guarantor/collateral substitution
• Enhance customer relations and provide excellent customer experiences in Credit operations
• Advise Micro-Credit Officer on demand for loans.
• Implement Aggressively strategies to collect loan repayments from customers and groups
• Monitor and follow-up collections for loans in default
• Strictly adhere to the sacco operating policies and procedures in all dealings
• Adhere to general regulatory procedures including AML as it pertains to “know your customer.”
• Any other duty assigned by the management from time to time.
Job Competencies (Knowledge, Experience and Attributes / Skills).

Essential skills and Key Attributes
• Familiar with Sacco laws and regulations
• A person of integrity, team player with effective communication skills
• Sound judgement and decision-making ability on lending across all sectors
• Excellent in analytical, interpersonal and team management skills
• Experience in working with targets and tight deadlines with minimal supervision
• Experience with managing group lending and business loans
• Experience in assessing business credit risk and appraising business loans

Qualifications
• Business-Related Degree from a recognized university or a Diploma in Accounting/Finance/Co-operatives Management or
• CPA IV or Credit Management Certification
• A minimum of 3 years’ experience in a busy financial institution
• Experience in a micro-finance environment is desirable

Work Hours: 8

Experience in Months: 36

Level of Education: Associate Degree

Job application procedure

We are an equal opportunity employer and value diversity in our organization, all interested applicants should send their applications together with a detailed Cover letter and CV to recruitment@shininghopeforcommunities.org  with a clear subject line “JOB TITLE”. Female candidates are highly encouraged to apply. Only shortlisted candidates will be contacted. Applications should reach us no later than 8th July 2024.



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