Job Title: Legal Officer
Organisation: VisionFund
Uganda (VFU)
Uganda (VFU)
Duty Station: Kampala,
Uganda
Uganda
Reports to: Head of
Legal/Company secretary
Legal/Company secretary
About US:
VisionFund Uganda (VFU) is a microfinance affiliate of World Vision
Uganda and World Vision International. Its mission is to improve the lives of
children by providing low income entrepreneurs with sustainable and integrated
financial services that unlock their potential.
Uganda and World Vision International. Its mission is to improve the lives of
children by providing low income entrepreneurs with sustainable and integrated
financial services that unlock their potential.
Job Summary: The Legal
Officer will ensure proper
supervision and management of the institution’s loan recovery activities in
such a way that loss is minimized, controlled or avoided and thus
enhancing sustainability and growth of the company. The incumbent will be
responsible for the following;
Officer will ensure proper
supervision and management of the institution’s loan recovery activities in
such a way that loss is minimized, controlled or avoided and thus
enhancing sustainability and growth of the company. The incumbent will be
responsible for the following;
- Ensuring
that loan loss provision is kept under control for all branches - Keeps
track of documentation of all actions taken to collect from bad debts - Coordinate
and Monitor activities of external debt collectors in liaison with branch
managers - Coordinate
and supervise the activities of the debt collector-logistics officers. - Guide
the Operations Manager on suitable strategies of bad debt collection - Prepare
confidential reports on identified irregularities discovered leading to
bad debts - Deputies
the company secretary in coordination of board activities
Key Duties and
Responsibilities:
Responsibilities:
Systems reviews, analysis and actions taken on bad debts: (30%)
- Carry
out a daily review of the institution’s arrears position and advise
on the progress of recovery of all loans above 60 days in arrears - Identify
and guide the Operations Manager on all delinquent accounts that
require legal proceedings on a regular basis - Initiate
and monitor the transfer of non-performing loan portfolio to the
recovery officers in liaison with the regional managers - Prepare
the authorization documents with appropriate daily recovery follow-up
reports submitted to the Operations Manager - Send documentation to Management
operations Committee for approval or decision on realization of the bad
debts
Adherence to policies and procedure: (25%)
- Ensure
that proper procedures are followed in liquidation of customer
collaterals and guide the branch and the recovery agents on the recovery
process - The
incumbent will represent the institution in public auctions for sale of
repossessed securities - Issue
repossession orders and co-ordinate the repossession of financed
assets or those held as security in a timely manner and decisions on sale
price to be accepted by the Institution is made without delay. - Keenly
monitor the provisions made on bad debts and ensure that the institution
is compliant with the BoU regulations and advise the Operations
Manager on loans requiring subjective provisioning - Periodical
review of the recovery procedures and advise Operations manager on the new
development in the recovery process. - Ensure
that write off ratio is kept below 3% of the active portfolio - Up-date
Collateral monitoring reports
Monitoring and supervising activities of recovery officers: (20%)
- Monitor
and coordinate the activities of the recovery officers and ensure that the
Institution’s recovery agents give proper attention to the recovery of bad
debts. - Coordinate
the allocation of bad loans to court bailiffs and ensure that
proper approval is obtained at the time of allocation - Tracks
amounts recovered on stuck loans viz-a-viz target on a daily basis
Maintain a good rapport between Debt collectors and delinquent
customers (10%)
customers (10%)
- Conduct
periodical visits to delinquent customer’s securities and give advice on
the condition of the security - Negotiate
with Debtors and ensure that the Debtors repay the bad debts at a lowest
cost to the Bank and as well follow recommended procedures for bad debt
recovery - Limited
conflicts between customers and debt collections team
Training and Capacity building of staff: (5%)
- Mentor,
train and guide staff on the best practices in the recovery of delinquent
loans - Prepare
performance status reports submitted Operations Manager
Legal suits in: (5%)
- Initiate
legal proceedings for delinquent accounts - The
jobholder will prepare the authorization documents with appropriate
documentation to Management operations Committee for approval or decision
on realization of the bad debts - Represent
the institution in court sessions in the cases instituted against the
Institution’s debtors or against the Institution by a customer - Receive
and verify payment requests from court bailiffs prior to submission to the
Operations Manager for approval - Positive
and successful track record for court suits
AOB (5%): Timely execution of any other duties as may be assigned from
time to time
time to time
Qualifications, Skills and
Experience:
Experience:
- The ideal candidate for the Vision Fund
Uganda (VFU) Legal Officer job opportunity should hold an LLB( Bachelor of Laws Degree) - Additional
diploma in Legal practice - Hold
a Practicing certificate - Possess
good financial analysis skills. - Broad
knowledge and understanding of litigation procedures. - Portfolio
management skills. - Excellent
analytical and problem solving skills. - Ability
to work under pressure. - Excellent
communication and interpersonal skills - Team
work oriented and willingness to guide and train others - Strong
emotional intelligence - Demonstrated
a high level of integrity - Customer
oriented - Ability
to transfer knowledge and provide guidance to others. - Ability
to work long hours without supervision. - The
applicant must be a committed Christian, able to stand above
denominational diversities - Ability
to uphold VFU core values at all times
How to Apply:
All suitably qualified and interested candidates should send or hand
deliver their applications, CVs, plus copies of their academic credentials and
recommendations from 2 professional referees to the address below:
deliver their applications, CVs, plus copies of their academic credentials and
recommendations from 2 professional referees to the address below:
The Human Resource Manager,
VisionFund Uganda Ltd (VFU)
Plot 256, Makerere Kavule,
P.O. Box 24751, Kampala, Uganda.
Email to:
[email protected]
[email protected]
Deadline: 10th May
2017
2017
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