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Job Title:  Valuation Officer  (Fresher Jobs)     

Organisation: DFCU Bank

Duty Station: Kampala, Uganda

Reports to: Senior Manager- Credit Support and Monitoring

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 Senior Manager- Credit Support & Monitoring, the Valuation Officer will be responsible for carrying out valuations and rendering quick and accurate professional property-related advice, opinion, expertise, and information to the Bank on/of Bank properties as well as those offered as collateral security in line with laid down controls and procedures and per Bank policies and Prudential Guidelines issued by the Central Bank and any other relevant regulatory requirements.

Key Duties and Responsibilities:

• To provide expert and tailored advice on a mixed portfolio of commercial and residential properties, including capital and rental valuations of industrial, retail, office, investment, and development properties.
• Provide a second opinion on valuation reports received from external valuers. Manage the property valuation process and ensure quality delivery of work.
• Expedite valuation of selected properties presented/proposed as security particularly specialized, high value, urgent and complex properties and property/projects under recovery and advice of their value (i.e. Market Value, forced sale value, and Insurance value), marketability and its suitability as collateral security.
• Analysis and actioning of reports by ensuring that all required reports are appropriately compiled, with the required analysis and interpretation of the information being represented, thereby adopting appropriate interventions/strategies in line with meeting the required Business Objectives.
• Improve the Bank’s quality of assets held as security through validation of the status of the Bank’s owned properties by performing periodic property inspections and assessments.
• Monitor the progress of ongoing bank-financed projects and recommend further disbursements.
• Evaluate and monitor ongoing development projects.
• Advise the Bank on major developments in the property market regularly. Maintain an up-to-date database of all valued properties.
• Valuation of collateral before liquidation per the Mortgage Act.
• Working closely with Credit Managers and Relationship Managers (RMs) to implement remedial plans by recommending appropriate actions for non-compliant customers.
• Periodically accompany RMs to client visits and/or meetings to address credit risk matters.
• Work closely with ESG officers to implement social governance acceptable standards.
• Establish, align, and manage target and budgeted goals whilst ensuring effective control of costs with service providers to increase cost efficiency.
• Foster and enhance good business relations with Internal Clients (other Business units), external clients and independent Valuation contractors to sustain and enhance the bank’s reputation in support of the high level of service required.
• Conduct industry-related research and development on an ongoing basis, to identify the latest market trends within the Property industry, that directly impact the Valuation Business, by conducting market analysis/research and development, thus the Business Unit remains competitively positioned in the industry.

Qualifications, Skills and Experience:

• Graduate/professional qualification in valuation surveying.
• At least two years post-registration working experience in the industry in a similar position.
• Sound knowledge of Banking processes and procedures.
• Duly registered surveyor (of Uganda) and holder of valid practising certificate.
• Self-drive, maturity and a high degree of integrity and professionalism.
• Good client and interpersonal relations.
• Good interpretation and decision-making ability.
• Ability to manage complex and multifaceted stakeholders.
• Effective communicator and influencer.
• Excellent negotiation and stakeholder management skills.
• Good planning and organizational skills.
• Excellent understanding of the Banking Act and prudential guidelines.
• Excellent knowledge of the Mortgage Act.
• Excellent knowledge of surveying and construction.
• Good knowledge of banking products and evolving credit risk management systems; and
• Good understanding of legal risks and laws applicable to Banking and Finance relating to lending and credit documentation.

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: 4th June 2024

Disclaimer: dfcu Bank does not solicit/accept payment in cash/kind from prospective candidates in exchange for shortlisting or job placement. Any candidate who engages in this kind of transaction is aiding and abetting fraud and will be automatically disqualified.

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