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Job Title:   Credit Risk Manager (Re-advertised)   

Organisation: Hofokam Ltd

Duty Station:  Fort Portal, Uganda

Reports to: Head of Credit

About US:

Hofokam Ltd is one of the largest Micro Finance Institutions operating in Western Uganda with its Head Office based at Fort Portal. Its Vision is “to be the preferred partner of vibrant and economically empowered households in Uganda”. Its mission is, “to provide quality and competitive financial services to households to enable them realise their goals”.

Job Summary:  The Credit Risk Manager will support and ensure implementation of policies and procedures that reduce credit risk in line with the business strategy, set targets and regulatory requirements.

Key Duties and Responsibilities:

Credit Application Assessment

• Performing in-depth credit analyses and making recommendations to the relevant credit committees based on financial statements and other sources of information for existing and prospective customers;
• Provide support to the department to ensure that the Institution’s risk appetite and credit policies and procedures are always adhered to;
• Ensure implementing policies and procedures that help reduce the Credit risk of the Institution.

Oversee the implementation of  IFRS9 and provide direction on forward risk assessment of Loans

• Conduct weekly assessment of all loans in default across the Institution through engaging in discussions with clients and other stakeholders to facilitate the credit analysis process and in depth understanding of the client’s business;
• Undertake implementation of financial models and Credit risk management systems that predict Credit risk exposure of the Institution.

Loan monitoring

• Identifying high risk Loan accounts and undertake the necessary corrective action;
• Provide effective monitoring of the risk grade of credit facilities;
• Make recommendations to management and credit committees regarding credit applications;
• Develop and maintain a sound 360 degree understanding of the Institution’s Loan portfolio;
• Monitor the portfolio at Risk branch wise, product wise and institutional-wise to ensure that it’s maintained within agreed parameters in-line with policy and the Risk appetite statement.

Reporting and communication

• Prepare periodic Credit risk assessment and Loan portfolio reporting to the Head of department and Management;
• Evaluate and review performance reports for the different credit products and take necessary actions.

Participate and manage the Performance and development of the Credit staff

• Provide leadership by ensuring effective performance management, learning and development as well as succession planning in the credit department;
• Participate in the recruitment and selection of staff;
• Identify skill and competency gaps and recommend appropriate training and development;
• Monitor performance and carry out periodical performance appraisals;
• Manage staff annual leave days and ensure staff take their entitled leave days.

Qualifications, Skills and Experience:

• Education: A minimum of Bachelor’s degree in finance, business, economics, or other related field is required.
• Master’s degree in a relevant field is an added advantage.
• At least five years of working experience at middle level management in Microfinance industry.
• Knowledge: Sound market and industry knowledge of the Microfinance sector
• Computer skills: Advanced computer skills, especially proficiency with Microsoft Office (Excel, Access, Word, and PowerPoint) coupled with graphic applications, data analysis and presentation.
• Exceptional planning and organizational skills: Ability to handle several complex tasks simultaneously and also coordinate key projects with a variety of stakeholders.
• Communication skills: Great written and verbal communication skills with ability to prepare relevant reports to facilitate decision making.
• Analytical skills: Ability to make deductions and meaning from rather complex and abstract situations and make sound decisions from them.
• Eye for Details: Must be detail oriented.
• Negotiation and interpersonal skills to enable achievement of a predetermined goal.
• Credit Analytical skills: Ability to comprehend and analyze financial statements in regards to credit risk.
• Exposure to Credit risk modeling
• Willingness to handle frequent field travels.
• Age: 30-45 years

Salary: The salary to be paid is in line with Hofokam Salary Structure for the Credit Risk Manager.

How to Apply:

If you think you meet the above criteria, please send your Application Letter, Curriculum Vitae stating the names and contact details of at least three (3) referees preferably of your current or former employer(s) and certified copies of your academic and professional Certificates to the Head of Human Resources, Hofokam Limited P.O. Box 228 Fort-Portal, Uganda. Strictly, your documents should be emailed to hr@hofokam.co.ug not later than 4th June 2022. The attachments MUST be in one PDF document and not exceeding 5MB size. If you do not hear from us in two weeks’ time after this deadline, consider your application unsuccessful.

Deadline: 4^th June 2022

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