Fresher Credit Documentation and Securities Officer Job Vacancies – DFCU Bank

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Job Title:   Credit Documentation and Securities Officer (Fresher Jobs) 

Organisation: DFCU Bank

Duty Station: Kampala, Uganda

Reports to: Manager – Credit Documentation and Securities

 

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:  Reporting to the Manager – Credit Documentation and Securities, the Credit Documentation and Securities Officer will be responsible for the daily activities of credit and entity account documentation and securities in line with the operating guidelines to mitigate risks and minimize operational losses.

 

Key Duties and Responsibilities: 

  • Receive securities from the business and check completeness in line with the Offer letter.
  • Check and confirm that credit and entity account documents have been executed and are enforceable.
  • Lodging the received unperfected securities with our Central Registry, a security received note placed on the customer’s file.
  • Handing over unperfected securities to the external lawyers, obtaining security acknowledgement notes for the same, 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, security swaps in line with the security release process flow.
  • Track external lawyers’ weekly progress report and maintain external lawyers’ monthly review calendar.
  • Track insurance service providers monthly and send out notification for upcoming maturities.
  • Review entity account opening documentation and submit for company search, ensuring that all mandatory documents should be attached.
  • Receive company search results and share the same with the business for action.
  • Report on documentation breaches and keep a 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.
  • Reduction of operational losses and fraud mitigation.




Qualifications, Skills and Experience:

  • The ideal candidate for the DFCU Bank  Credit Documentation and Securities Officer job placement must hold 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.
  • At least two years of working experience in a law firm.
  • Records management is an added advantage.
  • Excellent communication and documents management skills.
  • Attention to detail , excellent analytical skills, ability to demonstrate high degree of accuracy and meet deadlines.
  • Excellent interpersonal, verbal, written, communications and independent judgement skills.
  • Attention to details.
  • 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 present position and copies of relevant professional/academic certificates (University Transcript, O and A level) to the email address indicated below:

 

Vacanciesbank@dfcugroup.com

 

Deadline: 10th November 2021

 

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