About UDBL:
Uganda Development Bank Ltd (UDBL) is the country’s only Development Finance Institution (DFI) established in 1972. The Bank has recently re-positioned itself as a partner to the Government of Uganda in delivering the theme of its National Development Plan.
Job Summary: The Monitoring and Recoveries Officer is part of a team dedicated to ensuring that the bank’s portfolio remains healthy and in line with the policies and guidelines through well-organized debt collection and ongoing monitoring and supervision efforts.
Key Duties and Responsibilities:
Working closely with Relationship Managers to ensure smooth project implementation and that all key financing terms and conditions are adhered to;
Ensuring efficient and effective debt collection and recovery through the development, review and application of appropriate project monitoring and recovery procedures in line with the Bank’s credit policies and guidelines;
Conducting regular reviews of all projects to ensure that all agreed criteria and milestones are being met; and reporting any variances;
Keenly monitor periodic compliance to loan covenants and ensure all assets mortgaged to the Bank are ensured and valued periodically.
Work closely with 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.
Maximizing recoveries from NPLs and written off accounts and work closely with auctioneers, beliefs Debt Collection Agencies and legal team to maximize recoveries.
Keenly review and recommend enhancements, including system enhancements, to improve current work flow/processes to minimize credit risks and increase efficiency.
Qualifications, Skills and Experience:
The ideal candidate should preferably hold a good first degree preferably in Commerce/Business studies/Quantitative Economics/Statistics/Engineering/Law or any related field.
Possession of a Masters Degree in any of the above or related fields, or professional qualification (e.g. ACCA, CPA, ACIB, etc.) would be an added advantage.
At least three years’ experience in a financial institution or development bank, preferably engaged in long term funding or project financing;
Excellent analytical and financial analysis skills and experience in using financial models.
How to Apply:
All applicants are strongly encouraged to send or deliver their applications which should include an up-to-date curriculum vitae, photocopies of academic documents and contact addresses of three professional references to: The Director, Human Resources & Administration, 1st Floor Wing B, Rwenzori Towers, Plot 6 Nakasero Road, P.O. Box 7210, Kampala. Uganda.
Deadline: 13th January 2017 by 5.00pm