JOB SUMMARY:

The Job holder will be responsible for.


Guiding and advising the SACCO on legal and regulatory matters, including but not limited to reviewing existing, and preparing new contracts and S.L.A.s, perfection of securities, ensuring the SACCO’s compliance to legal and statutory requirements, and identifying and managing legal risks in all SACCO’s operations.


Key Tasks and... Responsibilities:


The Incumbent will report to the Credit Manager and will be responsible for:
Ensuring compliance with relevant legal and regulatory requirements, i.e., Acts of Parliament, Sacco By-laws, rules and regulations, policies, and procedures.
In charge of legal and litigation matters in liaison with external lawyers.
Drafting and reviewing all legal and third-party contracts before and after execution.
Periodic review of requisite legal documents, by-laws, policies, rules, and regulations.
Provision of timely information on renewals and or termination of contracts.
Draft, review, and ensure proper execution of all SACCO legal documents, e.g., employment contracts, vendor contracts, customer agreements, service level agreements, and lease agreements to ensure that all contracts comply with legal requirements and protect the Sacco’s interest.
Review of collaterals and or charge documents, discharge and or perfection of securities.
Classification, assessments, and mitigation of legal and regulatory risks.
Interpret legal information and conduct training for staff, board, and management on legal matters.
Settle potential legal issues before going to court to manage costs and possible damage to SACCO’s reputation.
Represent the SACCO in legal proceedings, e.g., arbitration, hearing and court cases and effectively follow up on all court cases, hearings, and judgements.
Preparation of accurate and timely monthly reports.
Any other duties and assignments lawfully given from time to time.


Qualifications and Competencies:


Bachelor of laws degree (LL.B.) from a recognized institution.
Postgraduate Diploma in Law from Kenya School of Law.
3 years progressive working experience in a financial institution.
A member of the Law Society of Kenya in good standing.
A certified secretary and member of the ICS will be an added advantage.
Excellent negotiation skills.
Effective communicator – both verbally and in writing.
Strong interpersonal skills.
Attention to detail. more

KEY RESPONSIBILITIES


Conduct thorough due diligence and checks before disbursing a facility and there after engaging clients for post-review dynamics in the event circumstances changes.
Loan analysis- collect, verify, and analyze information to help in determining whether the borrower qualifies for the facility given his/her personal entrepreneurial business/venture skills, macro-economic... market outlook and the amount of their investments/equity in their businesses/ventures.
In collaboration with the Credit Manager –review and update the qualification of risk during the analysis of the credit proposal and during the life of the loan once disbursed.
Support the execution of ‘’due diligence’’ of businesses in every stage of the loan’s application to ensure well informed decision making and qualification of the risk involved. Critically analyze the financial statements and apply financial, commercial, environmental, and social criteria to the actual and considered credits, providing recommendation for payment, and monitoring of disbursed loans.
Loan appraisals- examine a customers capability and securitization/collateralization, subjecting the borrower to a rigorous business/personal checks with the aim of determining whether the client has current or potential cash flows to make good the loan obligation and whether the client has a collateral/security in the event of adversity.
Client relationship - continual interaction and communication with clients, in collaboration with the Business Development Department enhance value addition to clients through skills enhancement at their establishments & farms, and more so resolving their complaints regarding the SACCO facilities and services.
Loan monitoring- post-loan analysis & appraisal that may lead, if necessary, to restructuring and rescheduling of the facilities in case of change e.g. a disruption in macro-economic business environment.
Debt collection - Where some facilities fall due in a portfolio follow the best remedial strategies of communication through mobile phones, emails, demand letters and ultimately guarantorship, and collateralization.
Monitoring of Portfolio at Risk (PAR) in the assigned portfolios and advising management on areas of concern
Ensuring collection and recovery systems are compliant with all relevant legislation and regulatory requirements.
Ensure Client contract compliance in line with loan agreement/ approved terms and conditions.
Prepare daily and monthly reports and any other report as may be required by the Management.


KNOWLEDGE, SKILLS AND EXPERIENCE

Formal Education:


Bachelor’s degree in a Business-related field.
Professional credit qualification e.g. Certified Credit Professional (C.C.P or C.P.A (persons currently pursuing will be considered)
Must have a minimum of three years’ practical experience in a financial institution. more