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.
Deadline: 8th January 2021
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