Stanbic Bank Jobs in Uganda Team Leader VAF Administration Vacancies

Stanbic Bank Jobs in Uganda Team Leader VAF Administration Vacancies

Job Purpose

To provide oversight for aspects of the VAF department such as revenue assurance, credit engagement, operational risk management as well as Tax obligations that arise out of the VAF business.

Key Responsibilities/Accountabilities

  • Accountable for revenue assurance through supervision of booking of all CIB and PBB lease transactions, Interest rates in the system and collection of portfolio fees and commissions.
  • Provides oversight for department initiatives undertaken by the department.
  • Actively drives completion of the credit process by supporting the New Business officer and the Sales team through client and credit engagements.
  • Provides oversight of the approved dealerships payments and process to ensure compliance with process.
  • Manages business financials and regulatory compliance such as tax submissions and documentation.
  • Accountable for booking of the deals in the Loan system and its accuracy, record and advise the stakeholders
  • Checking on daily and monthly Reconciliations and report to the stakeholders
  • Timely payment of dealers and suppliers within agreed SLAs
  • Reduction in credit TAT
  • Regulatory compliance especially tax compliance to avoid any fines
  • Timely booking of deals in the system
  • Departmental accounts are managed on daily/monthly basis
  • Be the client facing point of contact for all back-end engagements including client discussions related to leases, processes and payments.
  • Providing client centric, innovative solutions that will generate NWOW.
  • Ensure accuracy and completeness of client related documentation and compliance to procedures to minimize possible financial loss arising from loss of client data.
  • Review and Authorize pay outs to authorised dealers within mandate.
  • Oversee the resolution of customer enquiries regarding finance business and transaction queries in a timely manner

    Outcome Measure

  • Client contact point providing feedback for client queries
  • Satisfactory Query resolution
  • Timely and accurate payments within the agreed SLAs
  • Provide oversight for the back-end processes and system management, ensuring that agreed work arounds are being effectively implemented across other departments.
  • Provide support to the other bank functions to ensure correct understanding of the VAF product across
  • Manage the business RCSA process with Operational risk ensuring monthly compliance and tracking of agreed items.
  • Drives agreed credit, Ops risk, tax processes to minimise Operational losses and errors.
  • Challenges ways of work and manages the change process for any procedures in the business.
  • Ensure that assets financed by the bank are adequately protected by means of insurance cover and assist credit on the renewals follow up
  • Ensure accuracy and completeness of documentation and compliance to procedures in order to minimize possible financial loss
  • Checking on loaded deals and maintenance of the deals on Loan system
  • Jointly approve settlements with VAF Head and accountable for receiving funds, reconciling against settlement quote and sending communication to the respective Unit Relationship Manager.
  • Approve with Head Security to release any collateral held against a paid off VAF loan
  • Sign off Lease Agreements and Variation of Lease and track its movement
  • Participate on all Business support system upgrades and simulations

    Outcome Measures

  • Responsible for change management of business policy and procedures by following and obtaining the necessary governance approvals from the committees.
  • Ensuring Operational risk losses are kept to a
    minimum
  • Complete and accurate monthly reporting including oversight of all business related reconciliations.
  • Be the business unit representative on governance forums
  • Compliance management adhered
  • Assets secured under Insurance
  • Accuracy of deals Loaded in system
  • Deal settlements are done in line with policy and correct amounts received
  • Securities are released only after full settlement of loan
  • Lease Agreements are tracked and managed
    Aware of the system errors, debug and upgrades

    Outputs and measures

  • Helps to drive agreed strategy and implementation of business units goals and accountabilities.
  • Responsible for recruitment and development of staff through skills based assessments and training of staff.
  • Adopts and promotes NWOW culture
  • Drives risk culture
  • Manages the performance management process for each direct reports including cascading team goals, ensuring clear understanding of individual goals and targets and quarterly tracking of the same.

    Outcome Measure

  • Coach direct reports to improve and agrees development plans that are tracked quarterly.
  • Cascading of business strategy and goals, and ensuring implementation and tracking.
  • Culture of change and enablement that drives high performance team that is motivated.
  • Proper contracting of business unit goals and measurement and tracking.

    Preferred Qualification and Experience
  • Bachelor of Business Administration or related filed from a recognised university

    Knowledge/Technical Skills/Expertise
  • Competency Description: The ability to plans, develop and execute an enterprise information management framework, to improve the accuracy, integrity and accessibility of information.
  • Proficiency Level: Proficient - Clear knowledge and application of the concept
  • Competency Description: The knowledge and understanding of the IT systems and processes that are available to be used for the sharing, storing and retrieval of information in the organisation.
  • Proficiency Level: Proficient - Clear knowledge and application of the concept
  • Competency Description: Knowledge and understanding of the range of insurance products and services available in the market and how that can be used to meet clients’ needs
  • Proficiency Level: Proficient - Clear knowledge and application of the concept
  • Competency Description: Knowledge and understanding of the factors that affect the performance of an underwriting portfolio and how risk exposure can be monitored and controlled.
  • Proficiency Level: Proficient - Clear knowledge and application of the concept
  • Competency Label: Stakeholder Management
  • Competency Description: The ability to identify and engage with all the key stakeholders in the project life cycle.
  • Proficiency Level: Proficient - Clear knowledge and application of the concept
  • Competency Label: Programme Management
  • Competency Description: The ability to integrate multiple projects across different domains
  • Proficiency Level: Proficient - Clear knowledge and application of the concept

    How to Apply
  • Interested and qualified candidates should apply online by 3rd July 2019
  • For more information and job application details, see; Stanbic Bank Jobs in Uganda Team Leader VAF Administration Vacancies

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