2 Finance Bank Jobs – Loan Monitoring & Recoveries Officer at Uganda Development Bank

Organisation:  Uganda Development Bank
Reports To: Manager Credit Evaluation & Portfolio Management
Job Purpose:
·         To ensure portfolio quality through monitoring projects under implementation and make post implementation reviews.
·         To act as the eye of the institution by identifying projects under distress and initiating work out
procedures and undertake recovery of all overdue debts.
Key Duties & Responsibilities:
·         Develop and review project monitoring and recovery procedures and strategies from time to time in line with the Banks policy on lending and collections and recoveries.
·         Work closely with project Managers in ensuring that funds disbursed are utilized for the intended project purposes and report any deviations to this nor to the manager credit.
·         Carry out post implementation reviews of all projects to ensure projects are meeting the criteria and milestones set during the credit structuring/underwriting process.
·         Monitor periodic compliance to loan covenants and ensure all assets mortgaged to the Bank are ensured and valued periodically.
·         Plan,budget and monitor recovery processes to ensure collection of non-performing loans.
·         To update all relevant details communicated with debtors in status for future follow up and reference.
·         Liaise and provide support to business development and credit analysis teams by identifying pertinent market conditions and trends that may affect the bank’s loan portfolio.
·         Ensure compliance to policies and procedures during attachment and disposal of attached collateral.
·         Liaise and follow up with debt collectors, court bailiffs ,auctioneers and lawyers on cases submitted.
·         Prepare and submit requisite status reports on recovery initiative to departmental and management credit committees.
·         Maximizing recoveries from NPLs and written off accounts and work closely with auctioneers, beliefs Debt collection Agencies and legal team to maximize recoveries.
·         Achieve a low Net Bad Debt by being resourceful in using different tactics in getting recoveries and handle different/difficult situation when necessary.
·         Monitor and enhance the business portfolio risk profile within agreed parameters at all times together with the Risk unit; to minimize nonperforming assets base.
·         Review and recommend enhancements, including system enhancements, to improve current work flow/processes to minimize credit risks and increase efficiency.
Qualification, Skills and Experience:
·         A Honor’s degree in business or related field
·         Post graduate qualifications in project planning and management, monitoring and Evaluation is desirable
·         Minimum of 5 years cognate experience.
How to Apply:
If you believe you meet our requirements and you desire to join our team , please send your application , detailed curriculum vitae and copies of all academic credentials .

The Director Human Resource & Administration
Uganda Development Bank Ltd
Plot 6 Nakasero Road ,
Rwenzori Towers , First Floor Wing B
P. O. Box 7210
Tel:256 -414-355 530
Deadline: 15th March 2013

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