The Ugandan Jobline

• Manage
  net credit losses (PAR; NPA ratios; Provisions and IIS) within agreed
  budget.
• The
  jobholder will achieve budget bad debt/written off account recoveries.
• Ensure
  full compliance with BOU regulations and guidelines on asset
  classification and provisioning; failure of which can cause the bank
  penalties and/or loss of lending license.
• Ensure
  full compliance with the Bank’s internal credit policy and
  procedures.
• Devise
  and adhere to personal activity work plans to achieve set targets.
• 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
  failure of which can cause the bank financial penalties/loss and/or loss
  of license.
• The
  incumbent will manage and monitor external debt collection agencies performance
  to ensure adherence to guidelines, SLAs and to maximize
  productivity.
• Keenly
  review the Bank’s portfolio with 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.
• Propose,
  review restructures before submission to Head – Special Asset Management,
  Head of Credit/Managing Director for approval, to ensure that they make
  business sense and that the appropriate & adequate risk reward is
  achieved.
• Responsible
  for negotiations with customers, sometimes in conjunction with Head –
  Special Asset Management, Head of Credit, Relationship Managers, 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.
• Ensure
  timely referral to Legal 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 Head – Special Asset Management, Head of
  Credit & Heads of business streams (Consumer Banking, and Development
  & Institutional Banking). 

• The applicant for the DFCU Senior Special
  Asset Manager job placement should hold a Bachelor’s degree in Economics, Statistics, Commerce, Business
  Administration or equivalent.
• At
  least three years’ experience in a Financial Institution with at least 1 –
  2 years’ experience in credit approval & structuring, credit
  administration and debt recovery.
• Financial
  analysis skills.
• Broad
  awareness of current economic events and commercial banking best
  practices.
• Extensive
  knowledge and 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.
• Broad
  awareness of the Consumer Protection guidelines.
• Keen
  attention to detail.
• Self-driven,
  results oriented and ability to work under minimum supervision.
• Excellent
  interpersonal, written and oral communication skills – good customer
  service but firm.
• Excellent
  negotiation skills with a commercial focus.
• Good
  decision making skills
• Computer
  literacy skills i.e. proficiency in the use of Microsoft Office
  applications e.g. Word, Excel, PowerPoint
• Ability
  to exercise the highest level of responsibility and confidentiality.

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