Special Assets Manager Career Opportunity – DFCU Bank

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Job Title:        Special Assets Manager
Organisation: DFCU Bank
Duty Station: Kampala,
Uganda
Reports to: Head – Special
Assets Management
About US:
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 Special
Assets Manager will proactively
manage both Consumer Banking and Medium Corporate borrowing accounts showing
early signs of deteriorating trends, and non-performing accounts in order to
turnaround the accounts, improve performance and minimize losses to the Bank.
Key Duties and
Responsibilities: 
·        
On a
daily basis call, issue arrears notices and follow up on clients that have not
settled their monthly obligations to improve portfolio quality and avoid losses
to the Bank.
·        
Support
the branches by responding to queries regarding loan account balances
raised by customers for effective communication and customer service
·        
Discuss
repayment plans with defaulting clients, recommend to BSMs accounts that
can be restructured accordingly to enhance portfolio quality.
·        
In
charge of responding to customer queries regarding the status of their accounts
including reconciliations in case their accounts have irregularities.
·        
Ensure
client files are up to date with all communications, correspondences and file
notes to ease the recovery procedure.
·        
Check
for security perfection for those accounts that are NPA or are showing
signs of deterioration forward to legal to ensure a smooth and quick
foreclosure process. If security is not perfected forward to Legal.
·        
Timely
capturing of cash flows in the system for proper IFRS Reporting to
minimize provisions and compliance.
·        
Process
release of securities for accounts that have been paid off and forward to BSM
for no recommendation to maximize profit for the bank
·        
Ensure
quality of respective allotted portfolio.
·        
Personally
manage a special portfolio of unique and complicated accounts that
require more experienced management like deceased accounts, skip accounts,
legal action, Supervisor review accounts (as referred by external agents),
abandoned cases (if any), VIP accounts, repossessed vehicles and restructured
accounts.
Qualifications, Skills and
Experience:
·        
The applicant for the DFCU Bank Special Assets
Manager career opportunity should
hold a Bachelor’s degree in
Economics, Statistics, Commerce, Business Administration or equivalent.
·        
At
least four years’ experience in a Financial Institution with at least one year in credit approval & structuring or credit administration or in debt
recovery.
·        
Familiarity
with the Bank’s Credit policies.
·        
Ability
to work under minimum supervision.
·        
Excellent
interpersonal, written and oral communication skills.
·        
Negotiation
skills
·        
Thorough
knowledge of FIA/IFRS guidelines & regulations on asset quality.
·        
Basic
understanding of the legal framework.
·        
High
standards of performance and Control of Quality
·        
Leadership,
management and team building skills (Initiative, decision making,
dispute resolution, good customer service, very good negotiation skills).
How to Apply:
All candidates who so wish to join the banking sector in the
aforementioned capacity are encouraged to send their applications with detailed
CVs including present position and copies of relevant professional/academic
certificates to: Vacanciesbank@dfcugroup.com
Deadline: 17th October 2016
NB: Therefore, if you do
not hear from us by 17th November 2016, consider your application unsuccessful.
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