Job Title: Monitoring and Recoveries Officer
Organisation: Uganda Development Bank (UDB)
Duty Station: Kampala, Uganda
Reports to: Manager Credit & Portfolio Management
About UDBL:
Uganda Development Bank Ltd (UDBL) is the country’s only Development Finance Institution (DFI) established in 1972. The Bank has recently re-positioned itself as a partner to the Government of Uganda in delivering the theme of its National Development Plan.
Job Summary: The Monitoring and Recoveries Officer is part of a team dedicated to ensuring that the bank’s portfolio remains healthy and in line with the policies and guidelines through well-organized debt collection and ongoing monitoring and supervision efforts.
Key Duties and Responsibilities:
- Working closely with Relationship Managers to ensure smooth project implementation and that all key financing terms and conditions are adhered to;
- Ensuring efficient and effective debt collection and recovery through the development, review and application of appropriate project monitoring and recovery procedures in line with the Bank’s credit policies and guidelines;
- Conducting regular reviews of all projects to ensure that all agreed criteria and milestones are being met; and reporting any variances;
- Keenly monitor periodic compliance to loan covenants and ensure all assets mortgaged to the Bank are ensured and valued periodically.
- Work closely with 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.
- Maximizing recoveries from NPLs and written off accounts and work closely with auctioneers, beliefs Debt Collection Agencies and legal team to maximize recoveries.
- Keenly review and recommend enhancements, including system enhancements, to improve current work flow/processes to minimize credit risks and increase efficiency.
Qualifications, Skills and Experience:
- The ideal candidate should preferably hold a good first degree preferably in Commerce/Business studies/Quantitative Economics/Statistics/Engineering/Law or any related field.
- Possession of a Masters Degree in any of the above or related fields, or professional qualification (e.g. ACCA, CPA, ACIB, etc.) would be an added advantage.
- At least three years’ experience in a financial institution or development bank, preferably engaged in long term funding or project financing;
- Excellent analytical and financial analysis skills and experience in using financial models.
How to Apply:
All applicants are strongly encouraged to send or deliver their applications which should include an up-to-date curriculum vitae, photocopies of academic documents and contact addresses of three professional references to: The Director, Human Resources & Administration, 1st Floor Wing B, Rwenzori Towers, Plot 6 Nakasero Road, P.O. Box 7210, Kampala. Uganda.
Deadline: 13th January 2017 by 5.00pm
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