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Job Title:  Collateral Monitoring Officer   

Organisation: DFCU Bank

Duty Station: Kampala, Uganda

Reports to: Senior Manager – Credit Support & Monitoring

About Organisation:

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 role holder will be responsible for monitoring and controlling the operational/administrative conditions of the assets underlying individual lease loans, asset financed loans and loan portfolio to safeguard the bank’s interest and quality of the asset book to minimize losses whilst increasing the Bank’s market share without compromising the quality of the risk assets.

Key Duties and Responsibilities:

• To provide overall operational/administrative monitoring for leasing product assets and trade finance to ensure the bank’s objectives are achieved.
• Perform adequate and timely monitoring of the Banks’ leased assets according to lease policy and individual contracts.
• To review the tracking functionality and update the functionality on the assets, their movements/positioning, performance/ maintenance and any other such functionality.
• To provide critical support to the Collection and Recoveries team in the process of defaulting on a loan that requires the assets repossessed by the bank.
• Reviews of exception reports prepared by the unit and provides guidelines for formulating a monitoring framework to ensure adequate oversight of the Bank’s collateral.
• Minimize the cost of recovering a missing asset or an asset subjected to rapid depreciation and misuse or theft.
• Regular inspection of the Bank’s assets to ensure proper maintenance of the assets and make semi-annual reports to be shared with Credit and the Business Heads.
• Develop a mechanism for accurately setting and monitoring performance metrics. For example, hours of use, time of use, loading and maintenance scheduling and others. This ensures that we maintain some level of oversight on the performance of the asset while allowing the customer to operate seemingly uninterrupted from the bank.
• Review of customers with continuing credit line lease facilities and trade finance continuing credit line make semi-annual reports on collateral status and ensure the Bank’s interest is always not at risk.
• Submission of regular rendition of weekly and monthly activity reports to the business heads on the performance and standard of the collateral held for the lease product and other chattels.
• Ensure all bank assets are duly insured in liaison with the officer in charge of insurance.
• All other activities as delegated by the Head of the unit.
• Ensuring that all processes adhere to laid down controls and procedures following bank policies and Prudential Guidelines issued by the Central Bank and any other relevant regulatory requirements.

Qualifications, Skills and Experience:

• The applicant for the DFCU Bank job must hold a Bachelor’s or above Degree in Mechanical Engineering, Motor Vehicle Mechanics or related subjects.
• An Engineering certification/accreditation will be an added advantage.
• Proven working experience in Auto Mechanics and Mechanical Engineering.
• Excellent knowledge of mechanical, electrical, and electronic components of vehicles, plants, and machinery.
• Working knowledge of vehicle inspections.
• Ability to handle various tools to probe client staff in due course of work.
• Willingness to observe all safety precautions for protection against accidents, dangerous fluids, chemicals etc.
• Ability to manage complex and multifaceted stakeholders.
• Effective communicator.
• Excellent negotiation and stakeholder management skills.
• Good planning and organizational skills.
• Demonstrates attention to detail.
• Excellent understanding of the Banking Act and prudential guidelines.
• 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 your present position and copies of relevant professional/academic certificates, to the email address indicated below:

Vacanciesbank@dfcugroup.com

Deadline: 10th 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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