Organisation: dfcu Bank
Duty Station: Kampala, Uganda
Reports to: Head of Special Assets Management
About dfcu:
Dfcu bank is a fast growing commercial bank offering a variety of innovative products and services. DFCU Limited was started by the Commonwealth Development Corporation (CDC) of the United Kingdom and the Government of Uganda through the Uganda Development Corporation (UDC) under the name of Development Finance Company of Uganda Limited. Later restructuring brought in DEG (of Germany) and International Finance Corporation (IFC) as equal partners with CDC and UDC, each having a 25% stake in the company. Its objective was to support long-term development projects whose financing needs and risk did not appeal to the then existing financial commercial lending institutions.
Job Summary: The dfcu Bank Senior Special Assets Manager will be responsible for proactively managing the Corporate non-performing ton portfolio in order to maximise recoveries and/or “watch” accounts showing signs of deteriorating trends in order to tom their performance around and ensure toll compliance with internal and statutory regulations and guidelines on asset quality to minimize losses to maximise revenue for the Bank.
Key Duties and Responsibilities:
- Advise and guide Relationship Managers on clients that are classified as ‘Watch’ to improve portfolio quality and avoid losses to the Bank.
- Oversee a non performing portfolio of corporate accounts,
- Manage net credit losses for allocated portfolio within budget; i.e. maintain provisions and write-offs within budget
- Monitor recovery and delinquency rates to achieve agreed budget numbers.
- Ensure adherence and compliance with BOU regulations and dfcu Bank’s internal policies and procedures on asset classification and provisioning.
- Develop and maintain recovery strategies for individual accounts on allocated portfolios,
- Ensure client files are up to date with all communications, correspondences, strategy reports, and file notes to document efforts and ease the recovery procedure.
- Quickly report on the performance of the allocated portfolio on a regular basis to evaluate the effectiveness of on-going recovery efforts and strategies.
- Follow up with the Legal department on accounts that are under litigation,
- Oversee and monitor auctioneers and collection agencies’ performance.
- Devise development succession planning strategies by coaching, training and mentoring.
Qualifications, Skills and Experience:
- The applicant should preferably hold a Bachelor’s degree in Economics, Statistics, Commerce, Business Administration or equivalent.
- Four or more years’ working experience in a financial institution with at least 2 years in Credit Risk Management.
- Good knowledge and understanding of the statutory regulations and guidelines on Credit Risk Management.
- Strong knowledge of FIA/IFRS guidelines and regulations on asset classification.
- Good understanding of the legal framework.
- Excellent leadership skills.
- Possess good interpersonal, written and oral communication skills.
- Good negotiation skills.
- Possess the ability to work under minimum supervision.
- Computer literacy skills i.e. proficiency in Word, Excel and PowerPoint.
How to Apply:
If you have the above job qualifications and skills, please send a cover letter along with a detailed CV and relevant professional/ academic certificates to: Head of Human Resources, dfcu Bank, 2nd Floor, Jinja Road, P.O. Box 70, Kampala. Uganda
NB: Therefore, if you do not hear from us by Friday, 26th September, 2014, consider your application unsuccessful
Deadline: 12th September, 2014
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