DPF Deposit Payout and Claims Officer Jobs in Uganda

DPF Deposit Payout and Claims Officer Jobs in Uganda


Job Purpose

  • To ensure the Fund pays out the insured amounts in the event of initiation of bankruptcy or liquidation procedure over a Contributing Institution, in compliance with the law governing bankruptcy and liquidation.

    Key Responsibilities

  • Participate in the development and implementation of a depositor payout system.

    Duties

  • Reviews depositor records always and undertakes preparatory reviews of deposit liability records to ensure prompt and accurate reimbursement of insured deposits.

  • Participates in the issue of guidelines or regulations to ensure that Contributing Institutions provide accurate deposit liability records, within a specific time-frame, for aggregation of depositors’ funds and when required by law or regulation (a “Single Customer View (SCV)”).

  • Proposes systems, processes and procedures to eliminate impediments to prompt reimbursement e.g. eliminating the application of set-off and aggregation of multiple ownership accounts, removing the need for claims to be made by Depositors, and to review and possibly eliminate any inefficient or counterproductive regulations applicable to the deposit insurance reimbursement process.

  • Participates in the development of technology-based systems to process depositor information in a systematic and accurate manner and prompt reimbursement of depositors’ claims.

  • Draft clear communications for the payment methods and timing for payments to depositors as part of a comprehensive communications strategy to manage public expectations.

  • Coordinate audits of the reimbursement process confirm that appropriate internal controls have been applied during the reimbursement process and that reimbursements are accurate.

  • Participates in regular contingency planning and simulation exercises to test the operational readiness of the Fund in carrying out reimbursements.

  • Performs other work-related duties as assigned, within your scope of practice.

    Expected Outputs

  • Payment of claims.

  • Issuance of final notice to depositors.

  • Deposit transfers.

    Competencies

    Technical Competencies

  • Payable and receivables accounting.

  • Taxation and fiscal accounting.

  • Book-keeping and book-closing.

  • External funds accounting.

  • Financial reporting and analysis.

  • Debt management.

    Behavioral Competencies

  • Accountability and Dependability Takes personal responsibility for
    the quality and timeliness of work and achieves results with little oversight.

  • Transparency and Integrity Earns others’ trust and respect through consistent honesty and professionalism in all interactions.

  • Team Spirit and Collaboration Promotes cooperation and commitment within the team to achieve the Fund’s organizational goals and deliverables. Builds constructive working relationships characterized by a high level of acceptance, cooperation, and mutual respect

  • Adaptability and Flexibility Adapts to changing needs, conditions, and work responsibilities.

  • Self-Management and Thoroughness effectively manage own time, priorities, and resources to achieve goals. Ensures that work is complete and accurate and independently follows up with others to ensure that agreements and commitments have been fulfilled.

  • Communication Shares and receives information using clear oral, written and interpersonal communication skills.

  • Stress Tolerance and Tact Maintains composure in highly stressful or adverse situations, diplomatically handles challenging or tense interpersonal situations.

  • Employee Engagement and Enthusiasm Demonstrates commitment to the job, colleagues, the Fund and its mission by acting in ways that further the accomplishment of its goals.

    Minimum Qualifications and Experience

  • A first-class or upper second-class bachelor’s degree in business administration, finance, banking, economics, statistics, mathematics or related area, from an accredited institution, is essential.

  • Demonstrated knowledge of financial and accounting practices and procedures is desirable.

  • Demonstrated proficiency in MS office packages is desirable.

  • Prior work experience is not a must.

    How to Apply

  • For more information and job application details, see; DPF Deposit Payout and Claims Officer Jobs in Uganda



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