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Job Title:  Special Assets Manager

Organisation: DFCU Bank

Duty Station:  Kampala, Uganda

Reports to: Manager – Recoveries

About US:

DFCU Bank is a fast growing commercial bank offering a variety of innovative products and services. DFCU Limited was started by the Commonwealth Development Corporation (CDC) of the United Kingdom and the Government of Uganda through the Uganda Development Corporation (UDC) under the name of Development Finance Company of Uganda Limited. Later restructuring brought in DEG (of Germany) and International Finance Corporation (IFC) as equal partners with CDC and UDC, each having a 25% stake in the company. Its objective was to support long-term development projects whose financing needs and risk did not appeal to the then existing financial commercial lending institutions.

Job Summary: Reporting to the Manager- Recoveries, the Special Assets Manager is responsible for managing the Corporate segment NPA, written off or charged off portfolio from dfcu Bank in order to maximise recoveries on bad debts, managing the Corporate recoveries on the Bad Bank portfolio, and managing the Corporate recoveries on any portfolio dfcu Bank takes on as a collector for example Global Trust Bank managed book which we collect on behalf of BOU.

Key Duties and Responsibilities:

• Manage net credit losses (Provisions and IIS) within agreed budget.
• Support to achieve budget bad debt/written off account recoveries.
• Ensure full compliance with BOU regulations and guidelines on asset classification and provisioning; failure of which can cause the bank penalties and/or loss of lending license.
• Ensure full compliance with the Bank’s internal credit policy and procedures.
• Devise and adhere to personal activity work plans to achieve set targets.
• Manage and monitor external debt collection agencies performance to ensure adherence to guidelines, SLAs and to maximise productivity.
• Review the Bank’s Corporate portfolio under NPAs with the respective SAM by providing advice & guidance on “NPA” accounts prior to these accounts being written off with a hope of rehabilitating them and increasing turnaround from NPA back to watch or standard.
• Regularly review the quality of the credit portfolio and ensure that it is soundly and conservatively valued and uncollectible exposures written off and probable losses adequately provided for in line with BOU guidelines, failure of which can cause the bank financial penalties/loss and/or loss of license.
• Propose and review loan repayments or settlement proposals before submission to HSAM, HOC/MD for approval, to ensure that they make business sense and that the appropriate & adequate risk reward is achieved.
• Negotiations with customers, sometimes in conjunction with HSAM, HOC, RMs, regarding settlement agreements and implementation of collections strategy.
• Establish & maintain liaison with other departments of the Bank, other banks, and 3rd party collection agencies e.g., lawyers, bailiffs & solicitors, to ensure good communications and the prompt and efficient passage of information.
• Ensure timely referral to Legal and ensure foreclosure and/or recovery actions are done in the most cost-effective manner and within set procedures to minimize losses & negative publicity (reputational risk).
• Provide timely, relevant & accurate assessment of recovery results against projected goals to the HSAM, HOC & heads of business streams (Corporate).

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Qualifications, Skills and Experience:

• The applicant must hold a Bachelor’s Degree in Economics, Statistics, Commerce, Business Administration, or its equivalent.
• At least five years of experience in a Financial Institution with at least 2-3 years’ experience in credit approval & structuring, credit administration and debt recovery.
• Financial Analysis skills.
• Awareness of current economic events and commercial banking best practices.
• Thorough understanding of internal Credit policies.
• Thorough knowledge of FIA/IFRS guidelines & regulations on asset quality.
• Good knowledge of the national legal system/framework with emphasis on the Mortgage Act.
• Awareness of the Consumer Protection guidelines.
• High degree of attention to detail.
• Self-driven, results-oriented and ability to work under minimum supervision.
• Possess very good interpersonal, written, and oral communication skills – good customer service but firm.
• Possess very good negotiation skills with a commercial focus.
• Decision making skills.
• High proficiency in the use of Microsoft Office applications e.g., Word, Excel, PowerPoint.
• Ability to exercise the highest level of responsibility and confidentiality.
• Willingness to travel extensively and to work long hours where required to achieve the Bank’s objectives.
• Demonstrated knowledge of banking regulations, policies and procedures relating to Loan Workout processes.
• Knowledge and understanding of the laws, processes, and documentation about foreclosures, legal action, and solvency/bankruptcies, and recovery of delinquent commercial loans.
• Proficient in the use of Microsoft Office applications and utilization of various applications for loan collections & recovery.
• Excellent understanding of the banking act and prudential guidelines.
• Good knowledge of Banking products and evolving Credit Risk Management systems.
• Business Management / Knowledge.
• Financial Management.
• Project & Data Management.
• Change Management.
• Accounting / Budgeting skills.
• Risk Management and the ability to identify and take corrective steps.
• Credit Evaluation skills (restructure debt).

How to Apply:

If you believe you meet the requirements as noted above, please forward your application with a detailed CV including present position and copies of relevant professional/academic certificates (University Transcript, O & A level), to the email address indicated below.

Vacanciesbank@dfcugroup.com

Deadline: 6^th January 2023

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