Fresher Documentation & Securities Clerk Job Opportunities – DFCU Bank

Job Title:             Documentation & Securities Clerk
Organisation: DFCU Bank
Duty Station: Kampala,
Uganda
Reports to: Documentation
& Securities Manager
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: The
Documentation & Securities Clerk will primarily ensure timely onward
transmission of securities & documents to the external lawyers for security
perfection and onward transmission of perfected securities to the Registry for
safe custody.
Key Duties and
Responsibilities:  
  • Tasked
    with receiving and verifying whether legal documents are duly
    executed and sealed, from the sales/business team and respective
    Securities and Documentation officer(s), prior to assessment of stamp duty
    and registration fees to ensure that legal documents are binding in terms
    of execution.
  • The
    incumbent will also lodge documents with external law firms/registries and
    follow up to ensure timely return which enables timely disbursement of credit
    facilities to Bank customers.
  • Make
    proper and prompt entries in the manual security registers, regarding
    the movement and stages arrived at, in registering dfcu’s contract and
    security documents. This is to facilitate easy tracing of documents by whoever
    needs to.
  • Follow
    up on registration of various security and contract documents for the
    purposes of updating the credit register on movement of securities
    and proper tracking of the perfection of dfcu Bank’s legal interest and
    further ensuring that security registers are printed and filed securely to
    ensure safe custody of securities (including prompt lodgement of all
    securities in the strong room).
  • Maintain
    and update the securities and registration tracker to monitor and capture
    all securities handled by the lawyers in a specific month to enable easy
    confirmation of the lawyers’ fee notes upon receipt of the same for
    payment.
  • Avail
    updates on the waivers disbursed in a specific month upon receipt of
    waiver list to ensure that the Bank’s interests are properly secured.
  • Avail
    monthly reconciliation reports in respect of the legal fees accounts to
    the Manager of the Credit Operations Unit.
  • Work
    closely with the external lawyers to ensure timely perfection of
    securities, closely monitoring and facilitating the movement between
    the business units and bank lawyers and eventually coordinate payments to
    external counsel for registration services – ensure their accounts are
    credited and invoices promptly paid.
Registry & filing management:
  • Ensure that all security documents are
    properly registered, titles are encumbered with dfcu’s mortgage or further
    charge and log Books are caveated before forwarding the same to the
    Registry Team for safe custody in a bid to avoid having unperfected
    securities.
  • Work closely with the Registry Officers to
    ensure timely term lease extensions and rectifications of all other
    discrepancies.
     



Qualifications, Skills and
Experience:
  • The applicant for the DFCU Documentation
    & Securities Clerk job opportunity must hold a Degree/Diploma in Law
  • Hold
    a Certificate in effective records management
  • Experience
    in working for a busy private law firm(s) handling the registration
    of mortgages and other security documents for different financial
    institutions.
  • Approved
    Court process server.
  • Broad
    knowledge and understanding of the procedures involving registration of
    Mortgages, debentures, charges on chattels and various security
    documents.
  • Possess
    excellent interpersonal and communication skills (necessary for dealing
    with the external registries and various Government departments when
    registering securities).
  • Computer
    literacy skills
  • Good
    team player; support all queries relating to registration of
    securities.
  • Basic
    legal knowledge of products offered by dfcu Bank Limited.
How to Apply:
All candidates who so wish to join the banking sector in the
aforementioned capacity are encouraged to send their applications with detailed
CVs including present position and copies of relevant professional/academic
certificates to: Vacanciesbank@dfcugroup.com
Deadline: 17th August 2017
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