Credit Monitoring Officer Job Careers – DFCU Bank

Job Title:   Credit Monitoring Officer

Organisation: DFCU Bank

Duty Station: Kampala, Uganda

Reports to: Senior Manager- Credit Support & Monitoring

 

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:  Reporting to the Senior Manager- Credit Support & Monitoring, the Credit Monitoring Officer will monitor and control the credit risk of the bank at portfolio level in compliance with credit policy and BOU guidelines to uphold the quality of the loan portfolio.

 

Key Duties and Responsibilities:

  • Tracks and monitors post approval covenants and ensures any breaches are highlighted and escalated accordingly.
  • Checks whether account classification and provisions are in line with regulatory and policy requirements and report any exceptions for further review.
  • Check the loan accounts for correct implementation of approved interest rates /floor rates are correctly implemented in the system.
  • Perform checks to ensure annual review dates are documented, followed and applicable fees are recovered/charged.
  • Conduct checks to ensure that approved facility terms in the offer letter are aligned with those in the bank’s core system.
  • Engage relationship managers for resolution of outstanding issues in their portfolios in regard to covenants, arrears, collateral, insurance.
  • Proactively share with relationship managers information regarding upcoming instalments, reviews, insurance dues, visits, maturing obligations at least 3 months ahead.
  • Check and highlight deferred deliverable items are complied with in the agreed timelines and advise management on the same.
  • Identifies Warning Signs across the portfolio and report accordingly.
  • Working closely with Credit team and Relationship Managers (RMs) to obtain required information for his/her work and ensure compliance with the approved facility terms.
  • Check compliance with approved drawdown programs for project finance loans and other loans where necessary and confirm whether recommendations have been complied with.
  • Periodically accompanying RMs to client visits and/or meetings to address credit risk matters.
  • Escalate issues to the line manager within the agreed timelines.
  • Advise whether all processes adhere to laid down controls and procedures in accordance with bank policies and Prudential Guidelines issued by the Central Bank and any other relevant regulatory requirements.




Qualifications, Skills and Experience:

  • The ideal candidate for the DFCU Bank Credit Monitoring Officer job must hold a Bachelor or above Degree in Finance, Banking, Business, or related subjects.
  • Credit certification/accreditation will be an added advantage.
  • At least four years of overall banking experience, two of which should have been within Relationship Management or Credit Risk environment.
  • Strong analytical and numerical skills supported by experience in credit analysis.
  • Good interpretation and decision-making ability.
  • Ability to read and comprehend financial statements, credit write-ups and loan documentation.
  • Ability to manage complex and multifaceted stakeholders.
  • Effective communicator and influencer.
  • Excellent negotiation and stakeholder management skills.
  • Good planning and organizational skills.
  • Demonstrates attention to detail.
  • Excellent understanding of the banking act and prudential guidelines.
  • Good knowledge of banking products and evolving credit risk management systems; and loan administration.
  • Good understanding of legal risks and laws applicable to Banking and Finance relating to lending and credits documentation.

 

How to Apply:

If you believe you meet the requirements as noted above, please forward your application with a detailed CV including present position and copies of relevant professional/academic certificates (University Transcript, O & A level) to the email address indicated below.

 

Vacanciesbank@dfcugroup.com

 

dfcu Bank is committed to give equal opportunities in employment and aims to ensure that it does not discriminate against gender or race. Only shortlisted candidates will be contacted through +256 312 300391.

 

Deadline: 12th August 2022

 

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