Credit Administration · Nairobi, NAIROBI
I&M Bank is a leading Commercial bank headquartered in Kenya with a growing regional presence. The Bank offers a wide range of commercial banking and financial products and services and prides itself on introducing innovative products and services based on the needs of its customers. We are seeking to recruit a competent and highly motivated individual with extensive experience and abilities to support business growth in the following position:
REF: SACA/2/2024– SENIOR ASSOCIATE, CREDIT ADMINISTRATION.
Purpose
The role is responsible for ensuring safe custody of the Bank’s security documents, monitoring, of securities movement and physical release of security documents to various stakeholders while adhering to dual custody and restricted movement to the strong room/Vault to always guarantee safety of the security documents. Additionally, it reviews and processes Business /Customer requests of Audit Confirmation Certificate; Interest certificate; Collateral release, reviews perfected securities, facilitates updates of collateral information in the core banking system. Over and above that is the management of the Bank’s NTSA Portal – facilitating joint registration, In-charge and discharge of new and used units.
Primary Responsibilities
The Incumbent will report to the Assistant General Manager-Credit Administration and will be responsible for;
- Reviews of perfected securities against the executed letter of offer to confirm availability of documentation to facilitate update of collateral information in the core banking system.
- Originate and process business and customer requests for collateral release, Audit, and Interest Certificates
- Reviewing and processing of requests for withdrawal of liens on cash margin and /or Fixed deposit for paid up facilities, withdrawal of lien to pay off outstanding facilities, withdrawal of lien for administrative purposes or substitution of deposits.
- Managing movement of security documents to and from the vault/strongroom while ensuring restricted documented access to only authorized persons as well as ensure timely filling and retrieval of security documents.
- Safe custody and timely banking of postdated cheques held in bank’s custody to facilitate repayment of credit facilities.
- Reviews and confirms legitimacy of logbook and registration particulars in line with the approved financing terms and NTSA standards.
- Acceptance and/or decline of ownership online while monitoring the registration process and tracking completion of perfection for New and Used units.
- Reviews and confirm proper registration of the jointly registered logbook.
Academic Qualifications
- Bachelor’s degree in a Business-related field from a recognized Institution
Work Experience
- A least 5 years Banking experience with at least 3 years in Credit.
- Knowledge of Credit and Operations Modules. Finacle 10 knowledge is preferred.
- Proficiency in use of relevant MS Office application.
Generic Competencies
- Knowledge in credit documentation.
- Strategic management skills
Skills & Attributes
- Excellent communication and interpersonal skills.
- Strong strategic and analytical thinking skills.
- Excellent problem solving and decision-making skills; and
- Must demonstrate good knowledge of Credit Products
If you believe you meet the above requirements log onto our website www.imbankgroup.com/ke and click on careers and apply for the position. Your application should reach us as soon as possible but not later than 24th February 2024.
