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Job Title:      Special
Assets Manager

Organization: DFCU
Bank

Duty Station: Kampala,
Uganda

Reports to: Senior
Manager – Special Asset Management

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 Special
Assets Manager is responsible for the following;

·        
Managing
the Corporate non-performing and written off portfolio.

·        
Maximise
collections, recoveries and rehabilitate watch accounts showing signs of
deteriorating trends in order to turn their performance around.

·        
Ensure
full compliance with internal and statutory regulations and guidelines on asset
quality to minimize losses and maximise revenue for the Bank.

Key Duties and Responsibilities: 

·        
Manage
net credit losses (PAR; NPA ratios; Provisions and IIS) within agreed budget.

·        
Prepare
and execute personal activity work plans to achieve budget bad debt/written off
account recoveries while ensuring full compliance with BOU regulations and
guidelines on asset classification and provisioning; as well as the Bank’s
internal credit policy and procedures.

·        
Manage
and monitor external debt collection agencies’ performance to ensure adherence
to guidelines, SLAs and to maximise productivity.

·        
Review
the Bank’s portfolio with corporate RMs providing advice & guidance on
“watch” accounts to ensure adequate monitoring and early identification of
customers facing difficulties, deteriorating trends & root causes;
addressing them at source to prevent re-occurrence and turnaround NPAs.

·        
Regularly
review the quality of the credit portfolio and ensure that it is soundly, and
conservatively valued and uncollectible exposures written off and probable
losses adequately provided for in line with BOU guidelines.

·        
Propose
& review restructures before submission to Senior Manager Special Asset
Management, for approval, to ensure that they make business sense and that the
appropriate & adequate risk reward is achieved.

·        
Negotiations
with customers, sometimes in conjunction with Senior Manager Special Asset
Management, Head of Credit, RMs, regarding settlement agreements and
implementation of collection’s strategy.

·        
Establish
& maintain liaison with other departments of the Bank, other banks and 3rd
party collection agencies e.g. lawyers, bailiffs & solicitors, to ensure
good communications and the prompt and efficient passage of information.

·        
Refer
matters to Legal in a timely manner when turnaround of a non-performing account
is not possible and ensure foreclosure and/or recovery actions are done in the
most cost-effective manner and within set procedures to minimize losses &
negative publicity).

·        
Provide
timely, relevant & accurate assessment of collection/recovery results
against projected goals to the Senior Manager Special Asset Management, Head of
Credit & heads of business streams (Business Banking & Corporate).

·        
Oversight
role in ensuring relationship managers capture adequate cash flows for the
delinquent loans under their dockets.

Qualifications, Skills and Experience:

·        
The
applicant for the DFCU Bank Special Assets Manager job placement must hold a
Bachelor’s degree in Finance, Banking, Business or related subjects.

·        
Additional
training in Business, Investment.

·        
Four years’
experience in a financial Institution and relevant experience in credit and
debt recovery.

·        
Demonstrated
ability to deal with challenging customers and situations as well as the
ability to resolve problems using sound judgment.

·        
Excellent
verbal and written communication skills in English.

·        
Ability
to manage relations with the Bank customers.

·        
Ability
to propose innovative solutions to complex problems, which have a significant
impact on the function.

·        
Possesses
the highest personal and professional integrity.

·        
Ability
to adapt in a fast-paced environment.

·        
Ability
to multitask.

·        
Able to
work in a high-pressure environment.

·        
Problem
solving and decision-making 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 (University
Transcript, O & A level) to: Vacanciesbank@dfcugroup.com

Deadline: 3^rd  September 2019

NB: dfcu
Bank does not solicit/accept payment in cash/kind from prospective candidates
in exchange for shortlisting or job placement. Any candidate who engages in
this kind of transaction is aiding and abetting fraud and will be automatically
disqualified.

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