DFCU Bank Special Assets Manager – Recoveries Jobs in Uganda

DFCU Bank Special Assets Manager – Recoveries Jobs in Uganda

  • dfcu Bank is a fast-growing Bank in Uganda offering a wide range of financial solutions to its chosen market segments. We are seeking to recruit for the vacancy of Special Assets Manager – Recoveries in the Executive (CEO) Domain. Details are as below: REPORTING TO: Senior Manager- Special Assets Management

    Job Purpose:

  • Reporting to the Senior Manager- Special Assets Management, the role holder will manage the Corporate segment NPA, written off or charged off portoflio from dfcu Bank in order to maximise recoveries on bad debts.

  • Manage the Corporate recoveries on any portfolio dfcu Bank takes on as a collector for example Global Trust Bank managed book which we collect on behalf of BOU.

    Key Accountabilities:

  • Manage net credit losses (Provisions and IIS) within agreed budget.

  • Support to 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.

  • Manage and monitor external debt collection agencies performance to ensure adherence to guidelines, SLAs and to maximise productivity.

  • Review the Bank’s Corporate portfolio under NPAs with the respective SAM by providing advice & guidance on “NPA” accounts prior to these accounts being written off with a hope of rehabilitating them and increasing turnaround from NPA back to watch or standard.

  • 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.

  • Propose and review loan repayments or settlment proposals before submission to HSAM, HOC/MD 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.

  • Ensure timely referral to Legal 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 recovery results against projected goals to the HSAM, HOC & heads of business streams (Corporate).

    Qualifications, Experience and Competencies Required:

  • Bachelor’s Degree in Economics, Statistics, Commerce, Business Administration or equivalent.

  • 5 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.

  • 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; and Business Management / Knowledge, Financial Management, Project & Data Management, Change Management, Accounting / Budgeting skills, Risk Management, ability to identify and take corrective steps and Credit evaluation skills (restructure debt).

    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 & A level), by close of business on Friday 14th January 2022 to the email address indicated below:

  • Vacanciesbank@dfcugroup.com

  • dfcu Bank is committed to give equal opportunities in employment and aims to ensure that it does not discriminate against gender or race. Only short-listed candidates will be contacted through +256 312 300469.

  • Disclaimer: 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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