Consolidated Bank Debt Recovery Manager Job in Kenya

Consolidated Bank of Kenya Limited is Kenya’s SME bank of choice that provides flexible financial solutions that support our customers in achieving success. 

The Bank is well positioned, with presence in majority of the country’s business hubs to continually offer pleasant and convenient services. 

We seek to recruit qualified, experienced, competent and highly motivated individuals to fill the following position:

Debt Recovery Manager
 

Overall Purpose: Reporting to the Head of Credit, the successful candidate will be responsible for effectively managing the Bank’s debt recovery activities to ensure timely collection of all monies due.

Core Duties & Responsibilities

• Plan and implement collection strategies and make recommendations on new techniques of collection to reduce bad debts.
• Ensure controls and compliance with corporate policies and maintenance of necessary books of accounts, meeting time and accuracy norms and preparing reconciliation.
• Prepare bad debt reports and draw these to the attention of the management with recommendations on actions to take to minimise risk.
• Ensure debtors’ accounts are managed accurately, statements issued on time, reconciliation issues are addressed effectively and debtor’s aging lists are prepared and submitted in a timely and accurate manner.
• Ensure that appropriate records of bad debts and collections are appropriately maintained and updated on a regular basis.
• Establish and manage commercial arrangements with third parties for the recovery of bad debts.
• Frequently contact/visit customers with outstanding accounts so as to collect outstanding monies and minimise loss.
• Issue demand and reminder letters to customers with overdue accounts and maintain all debtor correspondence.
• Initiate and follow through legal proceedings against bad debtors in line with the Bank’s policy.

Minimum Qualifications and Experience

• A Bachelor’s degree in Accounting, Finance, Law or related field.
• Professional Banking qualifications will be added advantage.
• A minimum of 5 years’ experience in credit management.
• Knowledge of debt recovery procedures including legal procedures related to debt collection.
• Strong decision making and problem solving ability.
• Strong negotiation skills.
• Excellent interpersonal and communication skills.

How to Apply

Interested and suitably qualified individuals should forward their applications, enclosing copies of their academic and professional certificates, detailed CV indicating work experience, daytime contacts and addresses of 3 professionally relevant referees to reach the undersigned by Friday, 27th June 2014.
 

Applications should be addressed to:
 

The Head of Human Resources
Consolidated Bank of Kenya Ltd
P. O. Box 51133 - 00200
Nairobi

Consolidated Bank is an equal opportunity employer. 

Only successful candidates will be contacted.