Team Leader VAF Administration Job Placement – Stanbic Bank

Job Title:       Team
Leader VAF Administration
Organisation: Stanbic
Bank
Duty Station: Kampala,
Uganda
About US:
Stanbic Bank Uganda
Limited is a subsidiary of Stanbic Africa Holdings Limited which is in turn
owned by Standard Bank Group Limited (“the Group”), Africa’s leading banking
and financial services group. The Standard Bank Group is the leading banking
group focused on emerging markets. It is the largest African banking group
ranked by assets and earnings. Stanbic Bank Uganda Limited is the largest bank
in Uganda by assets and market capitalization. It offers a full range of
banking services through two business units; Personal and Business Banking
(PBB), and Corporate and Investment Banking (CIB).
Job Summary:  The Team Leader VAF Administration will
provide oversight for aspects of the VAF department such as revenue assurance,
credit engagement, operational risk management as well as Tax obligations that
arise out of the VAF business.
Key Duties and Responsibilities: 
Financial
Management
  • Accountable for revenue assurance through supervision of booking of
    all CIB and PBB lease transactions, Interest rates in the system and
    collection of portfolio fees and commissions.
  • Provides oversight for department initiatives undertaken by the
    department.
  • Actively drives completion of the credit process by supporting the
    New Business officer and the Sales team through client and credit
    engagements.
  • Provides oversight of the approved dealerships payments and process
    to ensure compliance with process.
  • Manages business financials and regulatory compliance such as tax
    submissions and documentation.
  • Accountable for booking of the deals in the Loan system and its
    accuracy, record and advise the stakeholders
  • Checking on daily and monthly Reconciliations and report to the
    stakeholders

Revenue Assurance

  • Timely payment of dealers and suppliers within agreed SLAs
  • Reduction in credit TAT
  • Regulatory compliance especially tax compliance to avoid any fines
  • Timely booking of deals in the system
  • Departmental accounts are managed on daily/monthly basis
Client and Supplier
Management
  • Be the client facing point of contact for all back-end engagements
    including client discussions related to leases, processes and payments.
  • Providing client centric, innovative solutions that will generate
    NWOW.
  • Ensure accuracy and completeness of client related documentation and
    compliance to procedures to minimize possible financial loss arising from
    loss of client data.
  • Review and Authorize pay outs to authorised dealers within mandate.
  • Oversee the resolution of customer enquiries regarding finance
    business and transaction queries in a timely manner
Internal Business
Processes
  • Provide oversight for the back-end processes and system management,
    ensuring that agreed work arounds are being effectively implemented across
    other departments.
  • Provide support to the other bank functions to ensure correct
    understanding of the VAF product across
  • Manage the business RCSA process with Operational risk ensuring
    monthly compliance and tracking of agreed items.
  • Drives agreed credit, Ops risk, tax processes to minimise
    Operational losses and errors.
  • Challenges ways of work and manages the change process for any
    procedures in the business.
  • Ensure that assets financed by the bank are adequately protected by
    means of insurance cover and assist credit on the renewals follow up
  • Ensure accuracy and completeness of documentation and compliance to
    procedures in order to minimize possible financial loss
  • Checking on loaded deals and maintenance of the deals on Loan system
  • Jointly approve settlements with VAF Head and accountable for
    receiving funds, reconciling against settlement quote and sending
    communication to the respective Unit Relationship Manager.
  • Approve with Head Security to release any collateral held against a
    paid off VAF loan
  • Sign off Lease Agreements and Variation of Lease and track its
    movement
  • Participate on all Business support system upgrades and simulations
People Management
  • Helps to drive agreed strategy and implementation of business units
    goals and accountabilities.
  • Responsible for recruitment and development of staff through skills
    based assessments and training of staff.
  • Adopts and promotes NWOW culture
  • Drives risk culture
  • Manages the performance management process for each direct reports
    including cascading team goals, ensuring clear understanding of individual
    goals and targets and quarterly tracking of the same.

Qualifications, Skills and Experience: 
  • The applicant for the Stanbic BankTeam Leader VAF Administration job
    should hold a Bachelor’s degree in Business Administration or related filed
    from a recognised university
  • Information management: The ability to plans, develop and execute an enterprise information
    management framework, to improve the accuracy, integrity and accessibility
    of information.
  • Knowledge Management Systems: The knowledge and understanding of the IT systems and processes
    that are available to be used for the sharing, storing and retrieval of
    information in the organisation.
  • Insurance Products and Services: Knowledge and understanding of the range of insurance products and
    services available in the market and how that can be used to meet clients’
    needs
  • Underwriting Management: Knowledge and understanding of the factors that affect the
    performance of an underwriting portfolio and how risk exposure can be
    monitored and controlled.
  • Stakeholder Management: The ability to identify and engage with all the key stakeholders in
    the project life cycle.
  • Programme Management: The ability to integrate multiple projects across different domains
How to Apply:
All candidates who
wish to join the one of Africa’s biggest Banking Groups, Standard Bank in the
aforementioned capacity are encouraged to Apply Online by visiting Link below.
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