Credit Administration Officer
Nairobi, Nairobi, Kenya
Full Time
Experienced
About Umba
Our mission entails providing accessible and cost-effective financial services across Kenya, enabling our customers to take charge of their financial well-being. We are committed to seizing a unique opportunity to transform the financial landscape in Kenya by harnessing the power of machine learning to develop intelligent, affordable financial products tailored for emerging markets. Our machine learning models are continuously improving, and we leverage AI and automation to deliver banking solutions at the lowest possible cost to our expanding customer base.
We have acquired a deposit taking Microfinance bank to allow us to offer full digital banking services in Kenya. Our primary focus is to offer a comprehensive range of digital banking products through Android and iOS Apps, and we take pride in our culture of consistently surpassing customer expectations, which has fueled our rapid expansion.
We are actively seeking outstanding individuals who not only possess exceptional talent but also share our vision, determination, and sense of purpose. Join us in our endeavor to establish the largest neo-bank in Africa.
Job Summary
The Credit Administration Officer is responsible for the end-to-end process of client onboarding and loan application processing, ensuring the accuracy of client information and evaluating creditworthiness. This role involves a thorough assessment of client applications and adherence to compliance and risk management standards.
Responsibilities
Our mission entails providing accessible and cost-effective financial services across Kenya, enabling our customers to take charge of their financial well-being. We are committed to seizing a unique opportunity to transform the financial landscape in Kenya by harnessing the power of machine learning to develop intelligent, affordable financial products tailored for emerging markets. Our machine learning models are continuously improving, and we leverage AI and automation to deliver banking solutions at the lowest possible cost to our expanding customer base.
We have acquired a deposit taking Microfinance bank to allow us to offer full digital banking services in Kenya. Our primary focus is to offer a comprehensive range of digital banking products through Android and iOS Apps, and we take pride in our culture of consistently surpassing customer expectations, which has fueled our rapid expansion.
We are actively seeking outstanding individuals who not only possess exceptional talent but also share our vision, determination, and sense of purpose. Join us in our endeavor to establish the largest neo-bank in Africa.
Job Summary
The Credit Administration Officer is responsible for the end-to-end process of client onboarding and loan application processing, ensuring the accuracy of client information and evaluating creditworthiness. This role involves a thorough assessment of client applications and adherence to compliance and risk management standards.
Responsibilities
- Client Onboarding:
- Receive and welcome new clients.
- Collect and maintain accurate client information and documentation.
- Verification of Personal and Business Information:
- Verify the accuracy and completeness of client-provided personal and business information.
- Ensure compliance with legal and regulatory requirements.
- Credit Analysis:
- Analyze the financial data of clients to determine their creditworthiness.
- Pull and review credit reports to assess credit risk.
- NTSA Searches, In-Charges, Transfer of ownership a:
- Conduct NTSA searches, review in-charges, Accepting Transfer of ownership (Asset finance) for due diligence purposes.
- Process Discharge of logbook after loan clearance and Approval from the Credit Administration Manager.
- Loan Application Assessment:
- Make recommendations on loan applications, including approvals, declines, or adjustments.
- Issue Offer Letters to clients.
- Valuation &Cartrack Instructions:
- Issue valuation instructions for the appraisal of clients' collateral (e.g., vehicles).
- Issue Cartrack instructions for monitoring movements (e.g., vehicles).
- Valuation Report & Cartrack Certificates Review:
- Receive and evaluate valuation reports and recommend loan amounts based on the Forced collateral value.
- Verify Valuation Invoices and recommend for payment through the Credit Administration Manager.
- Receive and evaluate cartrack certificates reports and verify through the GPS system.
- Document Management:
- Safeguard and record original logbooks from branches/Credit Sales Officers.
- Assist in the collection and processing joint logbooks from NTSA.
- Loan Document Handling:
- Receive, verify, and securely file loan documents for safe custody.
- Process collateral release requests after proper verification/Loan Settlement with Approval from the Credit Administration Manager.
- Insurance Verification:
- Request Insurance Quotes and processing Insurance Premium Financing (IPF) Loans.
- Verify insurance coverage related to clients and their collateral.
- Process documentation for insurance accident claims when necessary.
- Credit Underwriting Verification of;
- All signed documents
- Cartrack GPS Movement
- Confirmation of Insurance Financial Interest
- NTSA Confirmation
- Creation of Loans and have all documents uploaded via core banking system
- Assisting Collection team
- Preparation of Letters
- CRB update
- Collateral release after Auction sale.
- Invoices: Preparation of Service provider(s) invoices in line to credit and recommending for approval through the Credit Administration Manager/CEO.
- Any other duty that may be requested by the management.
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