Quality Assurance Officers (8 Vacancies) at Faulu Kenya

On Thursday, October 31st, 2013

Faulu Kenya Deposit Taking Microfinance Limited is a dynamic Christian organization within the
Micro-Finance sector.

Faulu was the first Micro Finance Institution in Kenya to be licensed by the Central Bank as a deposit taking institution.
In line with the business strategy, we are seeking highly competent, focused and results oriented professionals to fill in several positions within the organisation.
 
Senior Credit Officer – Quality Assurance & Compliance

Job Ref: HR: 019/10/2013

1 Vacancy
Job Summary: Working closely with the Credit Administration Manager, the job holder will ensure compliance with internal credit policies and procedures, best practices and CBK prudential guidelines to facilitate management of credit risks within tolerable levels. 
He/she will ensure the quality of all loans disbursed within the organization.

Key Responsibilities
  • Ensure all disbursed loans comply with the laid down credit policies and guidelines
  • Monitor all loans company wide and recommend corrective actions where necessary.
  • Ensure that all disbursements meet the set quality standards to avoid any loan losses to the organization
  • Continual checks for quality assurance in the company’s credit processes
  • Ensure reconciliation of all system entries in relation to credit processes
  • Ensure all offer letters have been reviewed for errors and omissions, compliance with the laid credit policies and procedures and guidelines issued from time to time regarding administration of credit.
  • Ensure that non-compliance issues and irregular transactions for each branch are escalated for further action.
  • Ensure that reversals are initiated and / or immediate recovery of loans found to be inadequate and in contravention of credit policies and procedures and escalate them for further action.
  • Ensure that loans maintained in the system are properly captured, all charges collected.
  • Ensure batch proof within 12 Hours for all loan disbursed at credit administration department and confirm that loans have been correctly keyed in, all charges collected, disbursement conditions met and any errors corrected.
  • Generate compliance reports for use in decision making and performance appraisals
Requirements:
  • Business Related degree a must. Additional ICT and Credit Qualifications desirable.
  • At least 3 years experience in credit analysis and debt collection with at least 2 years supervisory experience
  • Knowledge in accountancy an obvious advantage
  • Proficiency in T24 skills with Practical experience in Lending
Personal Attributes
  • Assertive with excellent interpersonal skills
  • Honest with high degree of confidentiality
  • Analytical mind with vast knowledgeable on the Financial services sector
  • Speed and accuracy highly valued
  • Highly organized, Creative and Innovative
  • Proactive, fast decision maker with excellent team leadership skills
Quality Assurance Officers
Job Ref: HR: 018/10/2013
8 Vacancies
 
Job Summary: Working closely with the Senior Credit Officer – Quality Assurance and Compliance, the job holder will ensure compliance with internal credit policies and procedures, best practices and CBK prudential guidelines to facilitate management of credit risks within tolerable levels.
He/she will ensure that ALL loans approved by the branch credit committees follow the laid down procedures, are complete in all material aspects and safeguard the institution.
 
Key Responsibilities
  • Ensure all loan forms comply with all laid down credit policies
  • Monitor loan disbursements company wide and initiate actions where discrepancy occurs
  • Review the offer letters for compliance with the laid credit policies and procedures and guidelines issued from time on administration of credit
  • Loans monitoring and advising of corrective actions to be taken where necessary.
  • Monitor system logs and ensuring compliance with the set down credit policies and procedures
  • Ensure sanction conditions in offer letter are met before disbursement and that disbursement conforms to the set policies
  • Log in issues of concern from each branch and escalate to the branch manager, credit administration department management for further action.
  • Initiate reversal and / or immediate recovery of loans found to be inadequate and in contravention of credit policies and procedures and escalate the same.
  • Responsible for communication for additional or missing documents, perfection of securities / conditions within set timelines.
  • Ensure that the loans are well maintained in the system, all charges collected and loan pay offs cleared.
  • Generate compliance reports for use in decision making and performance appraisals
Requirements:
  • Business related Degree a must. Additional ICT and Credit Qualifications desirable
  • At least 2 years experience in credit analysis and debt collection
  • Knowledge in accountancy an obvious advantage
  • Proficiency in T24 skills with practical experience in Lending
Personal Attributes
  • Assertive with excellent interpersonal skills
  • Honest and high degree of confidentiality
  • Analytical mind with vast knowledgeable on the Financial services sector
  • Assertive
  • Speed and accuracy highly valued
  • Highly organized, Creative and Innovative
  • Proactive and fast decision maker
If you meet the above criteria, send your application letter accompanied by an updated detailed C.V. explaining how your experience, character and skills fit the above positions to the email address below so as to be received by 8th November, 2013. 
Please include your daytime telephone number and 3 referees one of whom must be a spiritual leader.

All applications should be sent via email with the email subject as the position title to [email protected]

Only shortlisted candidates will be contacted.
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