Fresher Team Leader Clearing Career Placement - DFCU Bank

Job Title:             Team Leader Clearing
Organisation: DFCU Bank
Duty Station: Kampala, Uganda
Reports to: Payments 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 Team Leader Clearing will primarily ensure prompt settlement of all clearing instruments (EFTS & Cheques) while adhering to controls and all regulatory guidelines in order to safeguard the bank against any risks or loss.

Key Duties and Responsibilities:  
  • Review, verify and authorize outward clearing cheques as per policy.
  • Reconcile clearing accounts.
  • Verify and authorize inward cheques within limit.
  • Monitor outward upcountry cheques to ensure they are presented in the clearing house.
  • The jobholder will also verify outward clearing cheques before they are presented in the clearing house.
  • Verify, confirm and authorize inward clearing cheques within limit.
  • Verify and confirm that all inward clearing cheques are properly signed before they are filed.
  • Prepare periodical cheques clearing reports.
  • Review unpaid register to ensure that all bank charges are covered.
  • Ensure timely calling of posted cheques.
  • Call back drawers for cheque confirmation for amounts that meet the banks’ threshold.
  • Handle customer queries.
EFT credits:
  • Verify and authorize captured EFT credits in the Cheque system.
  • Verify, consolidate and post verified rejected EFT files.
  • Review, monitor and reconcile EFT GL accounts daily.
  • Review and return unpaid EFTs.
  • Handle customer issues relating to EFT credits.
  • Follow up unpaid LG EFTs with the respective branches.
Local Government (LG) EFTs:
  • Verify and confirm LG confirmation schedules.
  • Post the confirmed LG EFT instructions.
  • Prepare return for outstanding LG EFT instructions on daily basis.
  • Tasked with filing of processed LG EFT instructions together with their confirmation schedules.
  • Prepare and circulate large transaction EFT report to branches daily.
  • Call rejected EFT reports.
  • Prepare transaction EFT credits.
  • Capture outgoing EFT transactions in Cheque IT.
  • Reconcile outward EFT credits.

Qualifications, Skills and Experience:
  • The applicant for the DFCU Bank Team Leader Clearing job opportunity must hold a University degree
  • At least two years’ experience in a Financial Institution
  • In-depth knowledge of the clearing processes.
  • Analytical, Careful and Attentive to detail.
  • Computer knowledge i.e. MS word, Excel and Access
  • Speed and accuracy
  • Excellent customer care skills
  • Excellent communication skills

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:

Deadline: 14th July 2017

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