Job Title: Collateral Monitoring Officer
Organisation: DFCU Bank
Duty Station: Kampala, Uganda
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 Head- Credit Monitoring & Support, the role holder will be responsible for conducting pre- and post-disbursement inspections and monitoring the operational and administrative mechanical conditions of assets (Vehicles, Plant & Machinery, and Stock) financed by the bank, with the aim of reducing credit risk.
Key Duties and Responsibilities:
- Conduct detailed assessments of vehicles, plant machinery, and stock to verify their operational and mechanical condition before loan disbursement.
- Track the lifecycle and operational status of assets financed by the bank, conducting periodic inspections in line with the bank’s guidelines and asset risk profiles. Perform follow-up inspections to confirm that assets remain in good working order and comply with loan terms throughout the loan period.
- Oversee the installation of tracking devices into all bank financed assets improving visibility, tracking operational hours and asset performance data reducing the risk of asset redundance and improving on the recovery process in the event of default.
- Review exceptional reports prepared by the Portfolio Monitoring Officer, providing recommendations to minimize asset deterioration, enhance asset performance, and reduce risks to the bank’s financed assets.
- Prepare and submit detailed inspection reports with findings, including any discrepancies, issues, or concerns with asset conditions, to the relevant internal stakeholders.
- Review customers with ongoing credit line lease facilities and trade finance credit lines, prepare semi-annual reports on collateral status, and maintain the protection of the bank’s interests.
- Oversee the activities of the service provider performance in line with third party risk management policy and guidelines.
- Review all processes and adhere to laid down controls and procedures in accordance with bank policies and Prudential Guidelines issued by the Central Bank and any other relevant regulatory requirements.
Qualifications, Skills and Experience:
- Bachelor or above Degree in Mechanical Engineering, Motor vehicle mechanics or related subjects.
- An engineering certification/accreditation is a must have.
- Proven working experience as auto mechanics and mechanical engineering.
- Excellent knowledge of mechanical, electrical and electronic components of vehicles, plant and machinery.
- Working knowledge of vehicle inspections.
- Ability to handle various tools to prob client staff in due course of work.
- Willingness to observe all safety precautions for protection against accidents, dangerous fluids, chemicals etc.
- Excellent physical condition.
- 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 credits documentation.
How to Apply:
If you believe you meet the requirements as noted above, please forward your application to the link below:
Deadline: 15th October 2025
NB: Only short-listed candidates will be contacted.
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Level of Education: Bachelor Degree
Work Hours: 8
Experience in Months: no experience required