HF Group – Middle Officer – Asset Finance.

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HFC Limited, an integrated property and financial solutions provider has an exciting opportunity in our Retail Banking Division. We are seeking for talented, dynamic, self-driven and results oriented individual who is committed to performance excellence and participating in our growth strategy.

Middle Officer – Asset Finance

Reporting To: Head Products, & Transaction Banking

Overall Job Purpose

The Middle Officer – Asset Finance will be responsible for:

    • Coordinating activities from all Motor Vehicle dealers, Insurance Companies, Brokers, Agents and direct customers.
    • Coordinating all Car tracking companies and follow ups on all matters relating to tracking of motor vehicles
    • Liaise with internal functional partners to ensure support to Relationship Managers and clients are adequate and prompt.
    • Undertake Quality Assurance of the Asset Finance applications on the forms and call backs where applicable
    • Coordinate the Dealer activities and confirm their documentation
    • Ensure compliance with the Lending policy of the Bank, with regard to the insurance premium finance and Vehicle and Asset Finance loan products.

Principle Accountabilities

    • Following up with Insurance Companies to ensure timely payment of refunds on cancellation of Insurance Premium Finance facilities
    • Ensure timely preparation and submission of accurate management reports
    • Confirming that tracking devise is installed and working.
    • Confirm Initial Transfer by customer has been done on TIMS
    • Ensure all documents are in place as per checklist.
    • Check if the client has executed the letter of offer
    • Check if the client has executed security agreement, chattels agreement (dealer to sign dealers’ invoice) and relevant forms.
    • Confirm whether the Arrangement fee, chattels fee and legal fee has been recovered and the clients account has enough funds for transaction fees where necessary.
    • Confirm whether the dealer has transferred ownership of the vehicle to the joint names i.e. bank and borrowers name (dealer to provide transfer of ownership print out & receipt)
    • Confirm the client has accepted ownership of the new vehicle and provided a print out of NTSA acceptance page. Check to confirm that the person to collect the logbook is a bank official
    • Follow up and confirm receipt of original logbook from the dealer
    • Undertake Call backs with dealers to confirm receipt of final invoice and account details
    • Confirm that the vehicle has been fitted with a tracking device for the term of the loan by a company in the Bank’s panel (tracking certificate). Check on the tracking system to confirm the vehicle is actually tracking.
    • Confirm dealer documentation (Certificate of incorporation /ID and Pin certificate) has been provided.
    • Confirm client has filled Credit life & Motor Insurance Proposal forms

Minimum Qualifications, Knowledge and Experience

    • University degree in a business related field.
    • Professional Qualifications in Accountancy and or credit
    • At least 3 years banking experience in Asset Finance Management
    • Proficient in Microsoft Office applications
    • Conversant with all Asset finance related matters
    • Strong appreciation of banking operations in Kenya

Key Competencies and Skills

    • Good networking skills within the Motor Industry
    • Team Work and Interpersonal skills.
    • Integrity and Professionalism, Communication Skills
    • Ability to work independently under strict deadlines.


Application Deadline

25 March 2023




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