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Job Title:  Loans Officer (Fresher Jobs)

Organisation: UMA SACCO LTD

Duty Station:  Kampala, Uganda

About US:

UMA SACCO LTD, is a Savings and Cooperative Society for Medical Doctors in Uganda which was established by a resolution of U.M.A AGM of June 2011 in line with the cooperative society CAP 112 and the cooperative society regulations 1993 with a vision of “A highly ethical and socio-economically empowered society of medical doctors in Uganda.” It was registered on the 12th November, 2012 as a Credit and Cooperative Society by the Registrar of Cooperatives under the Ministry of trade Industry and Cooperatives.

Key Duties and Responsibilities:

Develop and maintain effective and cost-effective policies and procedures to achieve target portfolio size while managing credit risk.

• Set credit management policies and procedures to ensure that loans are granted based on technical criteria and that follow-up on late payment is prompt and effective.
• Oversee training and information dissemination to ensure that creditstaff understands policies and procedures.

Oversee loan approval processes to achieve agreed-upon targets.

• Propose allocation of loan funds according to available products
• Ensure that the SACCO approves loans on the basis of existing policies and procedures.
• Ensure proper scrutiny and preparation of loan applications and agreements and repayment schedules.
• Sample check the accuracy of interest calculation on loans and act upon discrepancies discovered.
• Arrange Credit Sub-Committee meetings and guide the sub-committee to approve loans based on policies and procedures.
• Report on the loan portfolio

*Ensure delinquent loan recovery processes meet targets.

• Follow up on overdue loans and debts for proper recoveries.
• Oversee those late payments are followed up promptly and effectively.

Qualifications, Skills and Experience:

The applicant should have relevant qualifications

How to Apply:

All suitably qualified and interested applicants should send a one document cover letter and CV to The Manager, UMA SACCO Ltd, P.O. Box 2243 Kampala via Email to:  recruitment@umasacco.com Please clearly indicate the position applied for on the subject line.

All attachments should be in one document either word or PDF format not exceeding 10Mbs.

No hard copy applications will be received

Deadline: 15^th December 2023

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