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Job Title:  Credit Documentation and Securities Officer 

Organisation: DFCU Bank

Duty Station: Kampala, Uganda

Reports to: Manager- Credit Documentation and Securities

About the Company:

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- Credit Documentation and Securities, the role holder will be responsible for the daily activities of reviewing credit documentation and securities in line with the operating guidelines to mitigate risks and minimize operational losses.

Key Duties and Responsibilities:

• Check and confirm that credit and entity account documents have been executed and are enforceable.
• Review files from the Loan Origination System for completeness and conclude the perfection of the physical documentation.
• Review of expiring and expired leases and follow through for renewals.
• Maintain a tracker of all reviewed files and escalation of issues to the different stakeholders.
• Review and updating of the Waiver report.
• Maintain a tracker of all securities undergoing perfection.
• Receive securities from the business and check completeness in line with the offer letter.
• Lodging the received unperfected securities with our Central Registry, a security received note was placed on the customer’s file.
• Handing over unperfected securities to the external lawyers, obtaining security acknowledgement notes for the same, and ensuring all securities/documents are submitted in full to the external lawyers.
• Receiving perfected securities from the external lawyers issuing an acknowledgement note for the same, ensuring that all securities/documents are received in full from the external lawyers.
• Responsible for ensuring that all perfected security-related documentation is captured in the system and filed.
• Handing back securities for paid-up credit, and security swaps in line with the security release process flow.
• Track external lawyers’ weekly progress reports and maintain external lawyers’ monthly review calendar.
• Report on documentation breaches and keep track of such breaches for closure.
• Handle all calls and queries relating to documentation and securities as per agreed service level agreements.
• Reconcile invoices presented by lawyers for professional fees and stamp duties against the actual payment to URA. In addition, follow through on resolution of any outstanding items on the reconcilable accounts
• Update security details in the core system as and when required.

Qualifications, Skills and Experience:

• A Bachelor’s Degree in Legal Practice or any related field.
• Training in key aspects of credit i.e., Credit Policy, IFRS, FIA, CRB, AML and KYC.
• Two (2) years of working experience in a law firm.
• Records management is an added advantage.
• Excellent communication and document management skills.
• Attention to detail, excellent analytical skills, ability to demonstrate a high degree of accuracy and meet deadlines.
• Excellent interpersonal, verbal, written, communication and independent judgment skills.
• Attention to detail.
• Strong communication skills.
• High level of integrity and ethical standards.

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: 20th September 2024.

NB: Only shortlisted candidates will be contacted. Please note that all recruitment terms and conditions as stated in the HR Policies and Procedures Manual shall apply.

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