Overall Purpose: Reporting to the Chief Operating Officer, the Legal Officer will be responsible for handling perfection of Legal / Credit documentation relating to approved facilities by providing high level quality support to credit division, business teams, and related units.
The position also provides legal services to the Company in drafting and interpretation of legal instruments, interpretation of various statutes & regulations and give legal opinions on diverse issues.
Key Responsibilities:
Key Responsibilities:
- Issuance and processing of Facility Letters upon receipt of duly approved Credit Approval, while observing turn-around time and high standards of accuracy.
- Ensure appropriate security documentation on the Institution’s standard forms have been properly prepared before dispatch to the customer.
- Instructing the Institution’s external Lawyers on securities documents to prepare, perfect and register at the various Land and Company registries. Performing liaison role between the functions of the Institution and the lawyers, professional valuers and insurance companies approved by the Institution, ensuring service level agreements agreed are adhered to.
- Liaising with the external legal counsel and other service providers on security documentation process and ensuring that security documentation and other conditions of sanction have been perfected prior to authorizing the drawdown of facilities.
- Liaising with the Branch Managers on all outstanding approval conditions and answering all queries relating to pending compliance certificates.
- Management of legal due dilligence and liaising with external legal counsel on all legal matters relating to the company.
- Drafting standard contracts, specialised contracts and correspondences on legal matters, reviewing and negotiating contracts to which the company is a party. Ensuring that all such contract documents and third party contracts are promptly executed.
- Preparing legal cases in conjunction with the external counsel, monitoring progress to ensure prompt resolution of all disputes, follow up on court cases facing the company and attend court hearings on behalf of the company whenever arises.
- Handling redemption and takeover of facilities from and to other financial institutions and ensure terms and conditions of undertaking are in our favor and are strictly adhered to.
- Keeping abreast with legal and policy developments and providing updates and advice to management on compliance.
- Ensure legal and other security documents are properly kept and secured.
- Providing legal advice to the management including reviewing legal documentation.
Minimum qualification and experience required:
- Bachelor’s degree in Law (LLB) from a reputable University.
- Post-graduate diploma in Legal studies from the Kenya School of Law.
- Be of good standing and possesses a current LSK practising certificate.
- An Advocate of the High Court of Kenya.
- Minimum two (2) years’ post admission experience in providing legal services preferrably Conveyancing and Commercial Law in a reputable institution/legal firm.
- Demonstrates good grasp of relevant laws including but not limited to Laws governing the Constitution of Kenya 2010; Labour Laws and Corporate Governance.
- Have excellent interpersonal, negotiation, communication, analytical, organisational and people skills.
- Sound understanding of lending in the microfinance industry in Kenya.
- At least two years expericnce in credit documentation and excellent facilities drafting skills.
- Ability to prioritise work and deliver high quality output within tight deadlines.
- High follow though ability.
Application:
If you believe you can clearly demonstrate your abilities to meet the criteria given above, please submit your application with a detailed CV, stating your current and expected remuneration, quoting the job tittle in the subject field to hr@speedcapital.co.ke.
Deadline of application is September 30th 2014.
Only shortlisted candidates will be contacted.