Senior Officer Special Assets Management Job Placement – DFCU Bank

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Job Title:      Senior
Officer Special Assets Management

Organization: DFCU
Bank

Duty Station: Kampala,
Uganda

Reports to: Senior
Manager Special Assets Management

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:    The Senior Officer Special Assets Management
will proactively manage the Business Banking non-performing and written off
portfolio in order to maximise collections & recoveries and rehabilitate
Watch accounts showing signs of deteriorating trends in order to turn their
performance around and to ensure full compliance with internal and statutory
regulations and guidelines on asset quality to minimize losses to and maximise
revenue for the Bank.

Key Duties and Responsibilities: 

  • Manage net credit losses (PAR; NPA ratios; Provisions and IIS)
    within agreed budget
  • Prepare and execute personal activity work plans to achieve budget
    bad debt/written off account recoveries while ensuring full compliance
    with BOU regulations and guidelines on asset classification and
    provisioning; and the Bank’s internal credit policy and procedures.
  • Manage and monitor external debt collection agencies performance to
    ensure adherence to guidelines, SLAs and to maximise productivity.
  • Review the Bank’s portfolio with Commercial RMs providing advice
    & guidance on “watch” accounts to ensure adequate monitoring and early
    identification of customers facing difficulties, deteriorating trends
    & root causes; addressing them at source to prevent recurrence and
    turnaround NPAs.
  • Regularly review the quality of the credit portfolio and ensure that
    it is soundly and conservatively valued and uncollectible exposures
    written off and probable losses adequately provided for in line with BOU
    guidelines
  • Propose, review restructures before submission to HSAM, for
    approval, to ensure that they make business sense and that the appropriate
    & adequate risk reward is achieved.
  • Negotiations with customers, sometimes in conjunction with HSAM,
    HOC, RMs, regarding settlement agreements and implementation of
    collections strategy.
  • Establish & maintain liaison with other departments of the Bank,
    other banks and 3rd party collection agencies e.g. lawyers, bailiffs &
    solicitors, to ensure good communications and the prompt and efficient
    passage of information.
  • Refer matters to Legal in a timely manner when turnaround of a non
    performing account is not possible and ensure foreclosure and/or recovery
    actions are done in the most cost effective manner and within set
    procedures to minimize losses & negative publicity (reputational
    risk).
  • Provide timely, relevant & accurate assessment of
    collection/recovery results against projected goals to the HSAM, HOC &
    heads of business streams (CB & DIB).

Qualifications, Skills and Experience:

  • The applicant for the DFCU Bank Senior Officer Special Assets
    Management job placement must hold a Bachelor’s degree in Economics,
    Statistics, Commerce, Business Administration or equivalent.
  • Three years’ experience in a Financial Institution with at least 2 years’
    experience in credit structuring, credit administration and debt recovery.
  • Financial analysis skills
  • Awareness of current economic events and commercial banking best
    practices
  • Thorough understanding of internal Credit policies
  • Thorough knowledge of FIA/IFRS guidelines & regulations on asset
    quality
  • Good knowledge of the national legal system/framework with emphasis
    on the Mortgage Act
  • Awareness of the Consumer Protection guidelines
  • High degree of attention to detail
  • Self-driven, results oriented and ability to work under minimum
    supervision
  • Possess very good interpersonal, written and oral communication
    skills – good customer service but firm.
  • Possess very good negotiation skills with a commercial focus
  • Decision making skills
  • High proficiency in the use of Microsoft Office applications e.g.
    Word, Excel, PowerPoint
  • Ability to exercise the highest level of responsibility and
    confidentiality
  • Willingness to travel extensively and to work long hours where
    required to achieve the Bank’s objectives
  • Demonstrated knowledge of banking regulations, policies and
    procedures relating to Loan Workout processes
  • Knowledge and understanding of the laws, processes, and
    documentation about foreclosures, legal action, and solvency/bankruptcies,
    and recovery of delinquent commercial loans;
  • Proficient in the use of Microsoft Office applications and
    utilization of various applications for loan collections & recovery
  • Excellent understanding of the banking act and prudential guidelines
  • Good knowledge of banking products and evolving credit risk
    management systems;
  • Business Management / Knowledge, Financial, Project, Data and Change
    Management
  • Accounting / Budgeting Skills
  • Risk Management, ability to identify and take corrective steps with
    willingness to travel extensively and to work long hours where required to
    achieve the Bank’s objectives
  • Demonstrated knowledge of banking regulations, policies and
    procedures relating to Loan Workout processes
  • Knowledge and understanding of the laws, processes, and
    documentation about foreclosures, legal action, and solvency/bankruptcies,
    and recovery of delinquent commercial loans.
  • Proficient in the use of Microsoft Office applications and
    utilization of various applications for loan collections & recovery
  • Excellent understanding of the banking act and prudential guidelines
  • Good knowledge of banking products and evolving credit risk
    management systems; and
  • Business Management / Knowledge
  • Credit evaluation skills (restructure debt)

How to Apply:

All candidates who
so wish to join the banking sector in the aforementioned capacity are
encouraged to send their applications with detailed CVs including present
position and copies of relevant professional/academic certificates (University
Transcript, O & A level) to: Vacanciesbank@dfcugroup.com

Deadline: 9th May 2019

NB: 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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