Head of Credit Department at Housing Finance Bank

Job Ref : CRD 1.0

Reports To: Executive Director, Operations
Division
Organisation: Housing Finance Bank
Job Summary:  To Oversee the Credit department sections
which include Credit Evaluation, Credit Operations and Monitoring and Recovery
in order for the Bank to book quality loans with minimum defaults in accordance
with the Bank’s Credit Policy.
Key Duties & Responsibilities:
  • To provide oversight for the Credit Department as regards set
    policies, operational and HR matters.
  • To plan, set goals and budget forecasts for the Credit Department
    in consultation with the Executive Director, Operations.
  • To initiate Credit Policy Changes and reviews in conformity with
    the prevailing market and economic conditions and in line with good
    banking practices.
  • To review, appraise and/or approve loan facilities as provided
    for and in accordance with the Credit Policy as approved by the Board of
    Directors
  • To manage the recovery of delinquent credit facilities in liaison
    with legal Department in the event of foreclosure.
  • Ensure fees and penalties applied have been effected.
  • To ensure operational efficiency of Credit Department in order to
    keep within the Bank’s set policies and guidelines.
  • Ensure efficient turnaround time for all loan applications
    according to agreed targets and Service Level Agreements (SLA’s).
  • To ensure that the Credit function is performed in accordance
    with the Financial Institution Act 2004 and the Bank’s Credit Policy.
  • Research, analyze, and propose sector exposures and limits taking
    account of the prevailing and forecast economic and financial conditions.
  • Provide accurate reporting to management and the board in order
    that decisions are taken with account of risks involved.
  • Ensure the integrity of the credit evaluation process with regard
    to the approved risk grading model.
  • Ensure the Bank acts as a responsible corporate institution with
    regard to the environment and corporate social responsibility standards.
  • Continually review Sectoral ceilings, discretionary authorities,
    portfolio measures, including industry limits, tenor limits, risk rating,
    NPLs, risk acceptance criteria security acceptance and credit risk
    matrices.
  • Ensuring that provisioning policies are in line with the Bank’s
    Credit Policy Document, comply with Banking Act and Prudential Guideline
    provisions and co-ordinate with Finance Department to ensure appropriate
    provisions and interest suspensions are effected in the Bank’s accounting
    systems.
  • Management of the Credit Appraisal system, ensuring that
    appropriate reviews of Credit proposals are undertaken on a timely basis.
  • Ensure continued maintenance of a quality portfolio in line with
    Bank’s standards as stipulated in policy guidelines.
  • Implementation of new and effective dimensions on portfolio risk
    management especially in line with Bank’s growth strategy.
  • Implementation of automated processes to minimize manual
    interventions thereby increasing efficiencies in delivery of credit
    products at both personal and corporate lending levels.
  • Provide ongoing relevant training to all bank staff involved in
    lending business to address identified skill gaps by transferring skills
    through job training, coaching, mentoring and ensure harmony among the
    team to improve performance.
  • Identification and management of the sub standard and non
    performing assets portfolio of the Bank in line with the Credit Policy
    Document and recommend action to EXCO and the Board, which minimize losses
    and facilitate full recovery of any exposure taken by the bank.
  • Initiate review of industry and sector economic analysis and
    compile statistical information including macro-economic information,
    indices and provide feedback to the Senior Management Team, EXCO and the
    Board on the possible impact of identified trends.
  • Provide technical support to the Executive Committee on the
    management of the Bank’s credit portfolio and the review and approval
    process for credit proposals.
  • Management of the credit administration aspects of the portfolio,
    including ensuring that all requisite security documentations are in place
    prior to disbursements.
  • Organize, manage and motivate the available human capital within
    Credit Risk Management Department through establishment of suitable
    organization structure and implementing development programmes to optimize
    competence and productivity.
  • To perform any other duties assigned by management to achieve the
    Bank’s objectives.
  • Review and maintain business continuity through robust succession
    plan for the department for smooth flow of business operations and ensure
    cover in the face of unplanned interruptions, losses or absence of staff.
  • Monitor the performance of the team through periodic performance
    reviews and ensure that staff are performing to expectation, according to
    agreed targets and identity and address areas of improvement.
  • Evaluation and implement appropriate remedial strategies such as
    restructuring of loan facility, enhancement in credit limits or reduction
    in interest rates to help to help improve obligor’s repayment capacity and
    avoid litigation.
Qualifications, Skills & Experience:
  • University degree preferably in Accounting, Finance or Management
  • Associate of Chartered Institute of Bankers (or equivalent)
  • A minimum of five (5) years experience in Credit Risk Management
  • A minimum of five (5) years experience in General Management
  • A minimum of three (3) years Banking experience
  • Proficiency in Computer packages (incl. EXCEL and WORD)
  • Communication skills
  • Basic Legal knowledge
  • Financial Risk Analysis skills
  • Analytical, problem solving and decision making skills
  • Leadership skills
AGE: Between 33 – 45 years .
How to Apply:
Please send
your applications with hand written applications must be accompanied by, a
detailed curriculum vitae; copies of academic qualifications and professional
training documents/certificates; names and addresses of three (3) referees addressed
to:
Head Human
Resource & Administration Department, Housing Finance Bank, Plot 4 Wampewo
Avenue, Kololo, P. O. Box 1539, KAMPALA.
Deadline: Friday, 31st May, 2013

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