Sacco Debt Recovery Officer

DEBT RECOVERY OFFICER (REF: DRO/04/24)

Job Purpose

The Debt Recovery Officer will support the Sacco in effective Debt collection as per strategic plan targets. She/he is responsible for the accurate analyses of loan applications, credit data, financial information & other relevant information to assure on the loan security, ability to repay loans and the associated credit risk.

Reports to: Loans Recovery Head

• Main Duties and Responsibilities
• Ensure effective and efficient recovery of loans.
• Follow up of remittances and variances for assigned loans portfolio.
• Key KPI – Collections for SMEs and Business members.
• Identifying delinquent loans and sending all notices to the loanees and guarantors.
• Identifying defaulted loans and instigating recovery from guarantors/ realizing of securities in liaison with Debt Recovery Lead.
• Sending member statements.
• Field/ Business visits as necessary.
• Reports: Preparing accurate and timely weekly/ monthly collection reports.
• Any other lawful duties that may be assigned from time to time.

Qualifications & Experience

• Diploma in Co-operative Management, Business Administration, or its equivalent qualification.
• A bachelor’s degree in Cooperative management or its equivalent is an added advantage.
• Minimum two (2) years’ experience in a similar role in a financial institution.
• Proficiency in computer skills.
• Proficiency in computerized accounting system

Personal Attributes required for this role:

• Debt recovery analysis skills.
• Good Analytical Skills.
• Good communications and negotiation skills.
• A person of Integrity.
• Team player