Job Description
REF. JSS/HR- ASS II DEBT MGT JS-11/2024
Position: Assistant II Debt Management
Grade: JS- 11
Required no. 2
Department: Debt Management
Division: Finance
Job Type: Contract – Three (3) Years renewable based on performance
Location: Nairobi
JOB PURPOSE
Reporting to the Manager Debt Control, the jobholder is responsible for coordinating the debts of
existing creditors and ultimately managing all money borrowed or owed to the Society by
handling the collection of finances and the resolution of account queries and issuing credit notes.
FUNCTIONS / KEY RESULTS EXPECTED
The Jobholder is responsible for:
To collect and follow up debts
To check on the non-performing loans, extrapolate them, communicate to members and make
follow up.
To co-ordinate debt collection and guide the other staff on debt collection.
To write letters to guarantors and make follow up.
To monitor loan repayments monthly.
To ensure a uniform debt collection strategy in line with the Society’s policies to avoid
reputation risk or legal challenges by following strict policies and
procedures.
To carry out the Sacco recovery and debt collection efforts.
To coordinate daily executions of debt follow up.
To draft and issue appropriate notices to members requiring clearing of loans arrears.
To manage issuance of all required statutory notices prior to engaging recovery action.
To work closely with debt collection agencies to maximize recoveries.
To negotiate and restructure facilities where such action increases chances of recovery of the
debt with guidance from the Manager Debt Management.
IMPACT OF RESULTS
Leads to effective recoveries of any unpaid money that is owed to the SACCO from either
businesses (commercial collection) or individuals (consumer collection).
QUALIFICATIONS & REQUIREMENTS
CCP Finalist or Business Related Degree in Finance plus CCP I
2 years’ relevant working experience in a SACCO/financial organization
KEY SKILLS AND COMPETENCES
Reconciliation
Accounting skills
Communications skills
Advanced excel