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Job Title:    Manager/Assistant Manager of
Business Operations

Organisation: Deposit
Protection Fund of Uganda (DPF)

Duty Station:  Kampala,
Uganda

Reports to:
Head Finance and Business Operations

 

About US:

The Deposit Protection
Fund of Uganda (DPF), which is also referred to as the Fund, was established as
a separate legal entity following the enactment of the Financial Institutions
(Amended) Act, 2016. Prior to this, DPF was managed by Bank of Uganda.

 

Job Summary:   The Manager/Assistant Manager of Business
Operations mainly oversees and guides the business operations of the Fund in
the areas of depositor claims, payouts liquidations and recoveries.

 

Key Duties and Responsibilities:  

Key
responsibilities:

·       
Computation
of Insurance premiums and submission of invoices to banks;

·       
International
standards relating to deposit insurance;

·       
Preparation
of reports of Contributing Institutions;

·       
Participate
in on-site inspections;

·       
Develop
professionally written policy and procedure proposals that clearly articulate
the Fund’s value proposition.

Duties:

·       
Prepares
and implements the regulations, interprets the application of the regulations
and other documents concerning deposit insurance;

·       
Manages
records of assets collected based on premiums, as well as of assets raised from
other legally prescribed sources;

·       
Proposes
and implements the decisions setting the level, mode and deadlines for
calculation and payment of the initial, regular and extraordinary insurance
premium for deposits;

·       
Monitors
data that banks are obligated to submit to Fund in accordance with applicable
regulations: data about the balance of deposits, placements, lending and
negative interest rates, etc.;

·       
Advises
contributing institutions of the annual and Risk-Adjusted Premiums;

·       
Calculates
insurance premiums, submits invoices to banks and collects premiums from banks;

·       
Calculates,
prepares and submits the interest rates lists and collects default interest on
insurance premiums which are untimely paid;

·       
Implements
the procedure for selection of a payout bank in the case of a bank’s bankruptcy
or liquidation;

·       
Periodically
tests software solutions concerning the data transfer about the insured
deposits for both the bank in bankruptcy or liquidation;

·       
Implements
the prescribed activities in case of occurrence of an insured event (bank’s
bankruptcy) and of a bank liquidation;

·       
Compiles
the assets necessary for the payment of deposits, monitors and reconciles the
data about the paid deposits;

·       
Prepares
for settlement of obligations under international projects relating to deposit
insurance;

·       
Participates
in activities of bankruptcy liquidation of banks and contributing institutions
in accordance with legal regulations;

·       
Follows
up and proposes implementation of international standards relating to deposit
insurance;

·       
Prepares
quarterly reports on budget and work plan performance of Contributing
Institutions;

·       
Prepares
relevant documents for all payments requests and ensure creditor terms are appropriately
followed;

·       
Ensures
efficient depositor payout of protected deposits;

·       
Prepares
depositor claims & resolution in case of Bank failure;

·       
Participates
in the development and review of depositor payout manual;

·       
Ensures
proper depositor records are kept in all contributing institutions to
facilitate depositor payout process if a need arises;

·       
Provides
support on the implementation of Depositor Unique Identifier;

·       
Participates
in the conduct of site examinations of Contributing Institutions;

·       
Prepares
Onsite and offsite reports on the performance of Contributing Institutions from
Bank of Uganda;

·       
Periodically
tests the collective software solution to support depositor payout.

 

Expected outputs:

·       
Computation
of premiums and interest;

·       
Efficient
and effective Depositor payouts and liquidation procedures;

·       
Presentations
to the Executive Management and/or the Board of Directors;

·       
Proper
and accurate depositor and Contributing Institution records;

·       
Quarterly
reports on Budget and workplan.

 

Qualifications, Skills and Experience:

·       
The
applicant must hold a First Class or Upper Second Class degree in accounting,
finance, economics or equivalent is essential;

·       
Professional
certification in accounting such as ACCA, CPA is essential;

·       
MBA or
MSc degree in finance or accounting is desirable;

·       
5+ years
of experience in financial reporting, planning and analysis is desirable.

 

Competencies:

Technical
Competencies

·       
Budgeting,
forecasting and accounting skills;

·       
Financial
reporting, analysis and proficiency using financial systems;

·       
Planning,
organization and research skills;

·       
Use of
financial and business processes software packages.

Behavioural
Competencies

·       
Accountability
and Dependability: Takes personal responsibility for the quality and timeliness
of work and achieves results with little oversight;

·       
Transparency
and Integrity: Earns others’ trust and respect through consistent honesty and
professionalism in all interactions;

·       
Team
spirit and collaboration: Promotes cooperation and commitment within the team
to achieve the Fund’s organizational goals and deliverables; Builds
constructive working relationships characterized by a high level of acceptance,
cooperation, and mutual respect

·       
Adaptability
and Flexibility: Adapts to changing needs, conditions, and work
responsibilities;

·       
Self-Management
and thoroughness: effectively manage own time, priorities, and resources to
achieve goals; Ensures that work is complete and accurate and independently
follows up with others to ensure that agreements and commitments have been
fulfilled;

·       
Communication:
Shares and receives information using clear oral, written and interpersonal
communication skills;

·       
Stress
Tolerance/tact: Maintains composure in highly stressful or adverse situations,
diplomatically handles challenging or tense interpersonal situations;

·       
Employee
Engagement and enthusiasm: Demonstrates commitment to the job, colleagues, the
Fund and its mission by acting in ways that further the accomplishment of its
goals;

·       
People
Management: Leads and engages people to maximize organizational and individual
performance through alignment with the Fund’s mission and attainment of
strategic and operational goals;

·       
Coaching
and Mentoring: Enables co-workers to grow and succeed through feedback,
instruction, and encouragement. Influences others to be excited and committed
to furthering the Fund’s objectives; ability to gain other’s support for ideas,
proposals, and solutions.

 

How to Apply:

All qualified
candidates should apply online at the link below.

 

Click
Here

 

Deadline: 8^th January 2021

 

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