Summary
Date Posted: Friday, October 21, 2022 , Base Salary: Not Disclosed

JOB DETAILS:
Duties & Responsibilities
• Providing legal support to the debt recovery through timely collation of required court documents.
• Provide cost effective and timely legal advisory services and support to the debt recovery function of the Bank in order to foster effective management of Litigation risk in the recovery of Non-Performing loans
• Formulate and oversee the implementation of Legal action for non-performing loans to support recovery
• Ensure proper representation of the bank to ensure timely conclusion of all debt recovery matters.
• Pursue Alternative Dispute Resolution on litigation matters where the same is feasible
• Review of pleadings and other documents to be filed in court in support of the debt recovery matters and advise the relevant owners to execute the same (as applicable)
• Advising the Debt Recovery Unit on debt recovery matters to be pursued under the Small Claims Court and pursuing successful conclusion of the same.
• Interpretation of legal texts for the Bank and assist bank units in interpreting and applying statutes, rules and regulations to ensure compliance by the Bank.
• Researching and rendering legal opinion and provide timely legal advice to the bank units on their enquiry and conduct legal awareness and training.
• Supporting the issuance of statutory notices following receipt of complete set of documents from the Recoveries team.
• Maintaining and monitoring a live report for all debt recovery litigation matters and sharing the same weekly to the Head of Special Assets and Debt Recovery Unit and Debt Recovery Unit at large.
• Addressing queries from the branch network in respect to ongoing debt recovery matters being handled by external Advocates on behalf of the bank.
• Receiving court orders served on the bank, give legal guidance and liaise with relevant units in compliance with the same.
• Negotiating legal fees of external Advocates and ensuring payment of the same.
• Providing logistical support to Head of Legal and the Legal Manager on assignments assigned to the officer.
• Periodically review due diligence checklists and procedures and oversee the conduct of legal due diligence and compliance with regulatory requirements application to recovery action.
• Oversee the safe custody of relevant litigation and recovery correspondences/files and ensure safe custody thereof.
• Any other official duty assigned from time to time

Key Competencies, Skills, Qualifications and Experience
• At least 5 years’ experience in litigation, debt recovery in a busy law firm
• Work experience in the banking industry will be an added advantage
• Bachelors (LLB) degree in Law from a recognized University.
• Post-graduate diploma in Law
• Be an advocate of the High Court of Kenya with a current practicing certificate and in good standing
• Commissioner of Oaths
• Experience in management of debt collection agencies and legal services
• Experience in management of NPA and recovery of written off facilities.
• Experience in negotiation and other methods of alternative dispute resolution.
• Specific experience in Microsoft Office (Word, Excel, PowerPoint, Teams).

Work Hours: 8

Experience in Months: 60

Level of Education: Bachelor Degree

Job application procedure
• Interested candidates are requested to send their cover letter and CV to hr@rafiki.co.ke quoting the position applied for on the email subject on or before 25th October 2022 at 5:00pm.
• Note: “Only shortlisted candidates shall be contacted”

All Jobs

QUICK ALERT SUBSCRIPTION