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Credit Control & Business Analyst (Assistant Manager) at Equity Bank Kenya | Apply Now

Are you looking for Finance / Accounting / Audit jobs in Kenya 2024 today? then you might be interested in Credit Control & Business Analyst (Assistant Manager) at Equity Bank Kenya

Nairobi, Kenya

Full Time

Deadline: 

30 Nov 2024

About the Organisation

Equity Bank Limited (The "Bank”) is incorporated, registered under the Kenyan Companies Act Cap 486 and domiciled in Kenya. The address of the Bank’s registered office is 9th Floor, Equity Centre, P.O. Box 75104 - 00200 Nairobi. The Bank is licensed under the Kenya Banking Act (Chapter 488), and continues to offer retail banking, microfinance and related services. The Bank has subsidiaries in Kenya, Uganda, South Sudan, Rwanda and Tanzania. Its shares are listed on the Nairobi Securities Exchange and Uganda Securities Exchange. Equity Bank was founded as Equity Building Society (EBS) in October 1984 and was originally a provider of mortgage financing for the majority of customers who fell into the low income population. The society’s logo, a modest house with a brown roof, resonates with its target market and their determination to make small but steady gains toward a better life, seeking security and advancement of their dreams. The vast majority of Africans have historically been excluded from access to financial resources. Having been declared technically insolvent in 1993, Equity’s transformation into a rapidly growing microfinance and then a commercial bank is widely considered to be an inspirational success story. Currently, Equity Bank has more than 9 million customers making it the largest bank in terms of customer base in Africa and having nearly half of bank accounts in Kenya. The company’s vision is "to be the champion of the socio-economic prosperity of the people of Africa”. Equity Bank retains a passionate commitment to empowering its clients to transform their lives and livelihoods. Through a business model that is anchored in access, convenience and flexibility, the Bank has evolved to become an all-inclusive financial services provider with a growing pan-African footprint. Equity Bank’s business model and its visionary leadership has continued to earn local, regional and global accolades and recognition. The model is also studied in some of the leading business schools in the world, as other developing countries in Africa and Asia seek to learn from Equity’s low margin, high-volume model. Equity Bank in 2010 established the Equity Group Foundation. This innovation and creative vehicle has fully transformed the concept of philanthropy and corporate social responsibility. While Equity Group Foundation champions the socio-economic transformation of the people of Africa and seeks partnerships along six cluster thematic areas, Equity Bank provides the infrastructure of delivery, hence reducing the operational costs for the Foundation and increasing the rate of return on any social investment. The six social thematic areas of focus are: education and leadership development; financial literacy and access; entrepreneurship; agriculture; health; innovations and environment. Make an enquiry today

Job Title

Credit Control & Business Analyst (Assistant Manager) job at Equity Bank Kenya

Equity Bank Kenya

Job Description

Duties, Roles and Responsibilities

Credit Control Responsibilities:

  • Credit Management: Oversee and manage the company’s credit control processes, ensuring timely collections from partners and clients (banks, insurance companies, etc.).

  • Accounts Receivable Monitoring: Regularly monitor accounts receivable to ensure all dues are paid in a timely manner and within credit terms.

  • Credit Risk Assessment: Assess the creditworthiness of clients and partners, setting appropriate credit limits.

  • Collections Process: Design, implement, and optimize processes for the collection of overdue accounts while maintaining a strong relationship with business partners.

  • Debt Recovery: Initiate appropriate actions for overdue debts, including liaison with external debt recovery agencies where necessary.

  • Reporting: Prepare and present monthly credit control reports to senior management, detailing outstanding debts, credit risks, and collection performance Reporting.

  • Cash Flow Management: Contribute to cash flow forecasting by accurately projecting collections.


Business Analysis Responsibilities:

  • Financial Analysis: Analyze financial data and trends related to credit control and cash flow, providing actionable insights for decision-making.

  • Cost Analysis & Control: Perform cost analysis, identifying areas for cost reduction and profitability improvement across the business.

  • Budgeting & Forecasting: Assist in the preparation of the annual budget, forecast, and variance analysis, ensuring alignment with company goals.

  • Performance Metrics: Develop and monitor key performance indicators (KPIs) relevant to credit control, cash management, and overall business performance.

  • Business Process Improvements: Evaluate and recommend process improvements for credit control and financial operations, aiming to enhance operational efficiency.

  • Reporting & Presentation: Compile and present detailed business performance reports to senior management, summarizing key trends, risks, and opportunities.

  • Collaboration & Stakeholder Management:

  • Internal Collaboration: Work closely with the Finance Manager, business units, and the wider finance team to support business objectives.

  • Cross-functional Teams: Engage with cross-functional teams (sales, operations, etc.) to align credit control efforts with business development and growth strategies


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Qualifications, Education and Competencies

Qualifications

  • Bachelor’s degree in Finance, Accounting, Business Administration, or a related field.

  • Professional certifications such as CPA, ACCA, CIMA, or CFA are preferred.


Experience:

  • 5+ years of experience in a finance or credit control role, ideally in a bancassurance, financial services, or insurance industry.

  • Proven experience in credit risk assessment and management.

  • Experience with financial modeling, budgeting, and performance analysis.

  • Proficiency in financial analysis tools and credit control software.

  • Strong knowledge of accounting principles and practices.

  • Advanced Excel skills and experience with ERP systems (SAP, Oracle, etc.).

  • Excellent analytical and problem-solving skills, with a focus on data-driven decision-making.

  • Ability to interpret financial data and provide actionable insights.

  • Strong verbal and written communication skills, with the ability to present complex information clearly.

  • Ability to collaborate and build relationships with internal and external stakeholders.

  • Ability to prioritize tasks, meet deadlines, and manage multiple projects simultaneously.

  • Detail-oriented, with strong organizational skills.

How to Apply

Interested and qualified? Go to Equity Bank Kenya on equitybank.taleo.net to apply

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