Organisation: Uganda Development Bank
Reports To: Manager Credit Evaluation & Portfolio Management
Job Purpose:
· To ensure portfolio quality through monitoring projects under implementation and make post implementation reviews.
· To act as the eye of the institution by identifying projects under distress and initiating work out
procedures and undertake recovery of all overdue debts.
procedures and undertake recovery of all overdue debts.
Key Duties & Responsibilities:
· Develop and review project monitoring and recovery procedures and strategies from time to time in line with the Banks policy on lending and collections and recoveries.
· Work closely with project Managers in ensuring that funds disbursed are utilized for the intended project purposes and report any deviations to this nor to the manager credit.
· Carry out post implementation reviews of all projects to ensure projects are meeting the criteria and milestones set during the credit structuring/underwriting process.
· Monitor periodic compliance to loan covenants and ensure all assets mortgaged to the Bank are ensured and valued periodically.
· Plan,budget and monitor recovery processes to ensure collection of non-performing loans.
· To update all relevant details communicated with debtors in status for future follow up and reference.
· Liaise and provide support to business development and credit analysis teams by identifying pertinent market conditions and trends that may affect the bank’s loan portfolio.
· Ensure compliance to policies and procedures during attachment and disposal of attached collateral.
· Liaise and follow up with debt collectors, court bailiffs ,auctioneers and lawyers on cases submitted.
· Prepare and submit requisite status reports on recovery initiative to departmental and management credit committees.
· Maximizing recoveries from NPLs and written off accounts and work closely with auctioneers, beliefs Debt collection Agencies and legal team to maximize recoveries.
· Achieve a low Net Bad Debt by being resourceful in using different tactics in getting recoveries and handle different/difficult situation when necessary.
· Monitor and enhance the business portfolio risk profile within agreed parameters at all times together with the Risk unit; to minimize nonperforming assets base.
· Review and recommend enhancements, including system enhancements, to improve current work flow/processes to minimize credit risks and increase efficiency.
Qualification, Skills and Experience:
· A Honor’s degree in business or related field
· Post graduate qualifications in project planning and management, monitoring and Evaluation is desirable
· Minimum of 5 years cognate experience.
How to Apply:
If you believe you meet our requirements and you desire to join our team , please send your application , detailed curriculum vitae and copies of all academic credentials .
If you believe you meet our requirements and you desire to join our team , please send your application , detailed curriculum vitae and copies of all academic credentials .
The Director Human Resource & Administration
Uganda Development Bank Ltd
Plot 6 Nakasero Road ,
Rwenzori Towers , First Floor Wing B
P. O. Box 7210
Kampala
Tel:256 -414-355 530
Deadline: 15th March 2013
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