Credit Administration Officer Job in Kenya at Bank of Africa Limited Kenya Recruitment

Why This Role Matters

This Credit Administration Officer role allows professionals to develop key skills in Finance. The position offers career growth opportunities while supporting the company's mission and values.

Responsibilities for Credit Administration Officer in Kenya

• The Credit Administration Officer will be responsible for performing a wide range of credit administration and operational support functions within the bank. The primary objective of the role is to ensure the accurate and efficient processing of credit-related transactions while maintaining compliance with the bank’s policies, procedures, and regulatory requirements.
• One of the key responsibilities is supporting the financial performance of the bank by ensuring that all applicable fees and commissions related to loan disbursement, limit marking, and invoice discounting are accurately recovered. The officer will also be responsible for ensuring that life insurance premiums associated with approved credit facilities are recovered promptly and recorded correctly.
• The role involves posting transactions related to loan disbursements, marking credit limits, and processing invoice discounting activities in the bank’s systems. The officer will raise RTGS and SWIFT transfer requests to the Central Processing Unit where necessary and ensure that transactions are processed without errors. In addition, the officer will handle the booking of loan restructures and rescheduled loans in accordance with approved credit terms.
• The officer will also manage lien placements and removals on customer accounts, amend loan details such as dates and interest rates where authorized, and process loan maturities either partially or fully based on customer instructions. Preparation and dispatch of loan clearance letters to requesting parties will also form part of the responsibilities.
• To mitigate operational risk, the officer will raise cancellation memos when required and verify instructions related to security releases, balance transfers from check-off arrangements, and the release of cash margins tied to credit facilities.
• Customer service is also a key component of the role. The officer will ensure that instructions are executed within stipulated service level agreements, including timely loan disbursements and limit markings. The officer will also ensure that queries raised by internal or external stakeholders are addressed promptly and professionally.
• Finally, the officer will support audit and compliance requirements by adhering to established procedures, maintaining proper documentation, and contributing to improved audit ratings through consistent compliance with internal controls.

Qualifications for Credit Administration Officer in Kenya

• degree

How to Apply for Credit Administration Officer in Kenya

Interested and qualified candidates should apply through the official career portal of Bank of Africa Kenya before the application deadline. Applicants are encouraged to submit an updated CV highlighting relevant experience in credit administration, banking operations, and financial services. The bank is committed to maintaining a transparent recruitment process. Applicants should note that the bank does not charge any fees at any stage of the recruitment process, and candidates should be cautious of any requests for payment during the application process.