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SalaryCompetitive Salary + Other Benefits
- LocationKenya
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IndustryBanking & Financial Services
Job Title: Head, Recovery & Remedial Management - Kenya
Industry: Banking
Location: Kenya
Salary: Competitive Salary Package + Benefits
Purpose of Job:
To lead the Debt Recovery team and ensure that a high quality, business focused, efficient and cost-effective bespoke service which maximises amounts recovered for the Bank, while providing an excellent service and actively building client relationships and marketing/business development opportunities.
Responsibilities:
- Build, develop and lead the Debt Recovery team to manage the Bank’s debt collection service
- Manage a portfolio of clients whilst developing and maintaining new commercial opportunities, taking opportunities to sell the services that the Bank offers
- Liaise directly with clients, third parties and colleagues in departments to maximise collections performance whilst also ensuring good client outcomes
- Provide technical and strategic advice about debt collection services and procedures, both externally and internally
- Have an appropriate level of knowledge of all banks’ business, background and circumstances and fully understand the client requirements
- Ensuring that bad debt provisions are maintained and write offs managed in line with the bank’s policies and procedures
- Working alongside colleagues across the bank, minimise litigation, resolve contractual disputes pre-proceedings and deal with contested matters up to trial
- Maintain high standards of financial management and record keeping
- Undertake effective due diligence processes at all times
- Act in the best interests of the Bank at all times
- To achieve financial objectives including cash collection and billing
- Remain vigilant for changes in regulations and legislation
- Ensure all file audits and monthly reviews are completed accurately and within agreed timescales
- Maintain up to date knowledge and understanding of appropriate regulations and internal policies and procedures in relation to debt recovery
- Comply and uphold the bank’s policies and procedures, such as health and safety, IT, security, email and anti-virus policies and equality and fair treatment
- Be flexible to carry out any other reasonable task as requested within the office environment.
Knowledge/Skills/Experience:
- A good manager with finance and legal knowledge plus practice
- Proven ability to develop new business and maintain existing contacts
- Experience of working in a commercial debt recovery environment would be an advantage
- Good IT skills and knowledge are essential
- Judgement to balance commercial debt recovery and compliance risks to achieve positive outcomes
- Maintains the highest professional standards
- Ability to build supportive relationships with everyone across the firm
- Excellent communication and leadership skills with an ability to influence at all levels
- Excellent organisational skills
- Able to multi-task, manage time effectively and keep calm under pressure