Principal Credit Officer, AHB (Tenant Purchase Schemes (TPS) Administration)

The Affordable Housing Board is established under the Affordable Housing Act to oversee the management of the Affordable Housing Fund and the implementation of housing projects. As a Principal Credit Officer within the AHB, specifically focusing on Tenant Purchase Schemes (TPS) Administration, you will be responsible for developing and implementing strategies for the credit and applications department. This role involves making high-level decisions on credit approvals based on rigorous risk assessments and ensuring that all transactions are accurately documented. You will act as a key liaison between the legal and finance departments to ensure seamless processing and compliance while managing complex applicant issues and monitoring the overall health of the credit portfolio.

Key Responsibilities

• Developing and implementing strategies for the credit and applications department in alignment with Board goals and objectives.
• Making high-level decisions on credit approvals, rejections, or conditional approvals based on thorough evaluations and risk assessments.
• Ensuring that all credit applications, approvals, and related transactions are accurately documented and maintained.
• Liaising with legal, finance, and other relevant departments to ensure seamless processing and compliance with all necessary documentation and approvals.
• Addressing and resolving complex issues or complaints raised by applicants in a timely and professional manner.
• Analyzing the performance of the credit portfolio, including approval rates, delinquency rates, and default rates.
• Preparing and presenting detailed reports on credit activities, performance metrics, and risk assessments to the Board of Directors and other stakeholders.
• Promoting the adoption of new technologies and best practices to optimize credit operations.
• Implementing feedback from applicants, team members, and senior management and the Board of Directors to drive continuous improvement initiatives.
• Coordinating with internal and external auditors to facilitate credit audits and ensure compliance with all regulations.
• Identifying potential risks in the credit application process and developing strategies to mitigate these risks.

Requirements & Qualifications

• Cumulative service period of nine (9) years’ relevant work experience, three (3) of which must have been at the grade of Senior Credit Officer or in a comparable position.
• Bachelor’s degree in any of the following disciplines: Banking, Finance, Economics, Commerce, Business Administration, Real Estate, or equivalent qualification from a recognized institution.
• Membership in a relevant professional body, where applicable, and in good standing.
• Management course lasting not less than four (4) weeks from a recognized institution.
• Proficiency in computer applications.
• Fulfilled the requirements of Chapter Six (6) of the Constitution of Kenya.