Summary
Date Posted: Wednesday, October 19, 2022 , Base Salary: Not Disclosed

JOB DETAILS:
dfcu Bank is a fast-growing Bank in Uganda offering a wide range of financial solutions to its chosen market segments. We are seeking to recruit for the position of Manager- Recoveries in the CEO Domain to support our expansion strategy.
REPORTING TO: Senior Manager- Special Assets Management
JOB PURPOSE: Reporting to Senior Manager- Special Assets Management, the role holder will be responsible for managing and working with a team of staff to minimize credit losses by constantly improving the collections on NPLs and, recoveries on the write-off portfolio consisting of customers ranging from small owner managed business and individuals, through to large corporate companies, in line with bank laid down processes, policies and procedures.
The role holder in addition manages the team that handles any portfolios where we act as a collector for example GTB managed Book or any other specialized assets like Bad Bank.

KEY ACCOUNTABILITIES:
• Lead and provide direction to the recoveries team to achieve set targets.
• Constantly review the recoveries structure, systems, and controls, ensuring that all the required functions are adequately and timeously addressed. To manage and control recovery strategies and campaigns within the NPL and write-off portfolio with the aim of maximizing collection effectiveness and efficiency.
• Identify, understand, and navigate through a high variety of potential complex financial structures to establish respective party’s liability and pursue multiple repayment solutions accordingly.
• Analyze financial information from a variety of sources (Bank systems, own due diligence, customer financial statements, etc.) and apply judgment to this information to formulate appropriate strategies with each customer.
• Interact with the credit sanctioning team and Internal Credit Committee to manage cases and providing clear and thorough rationale for the decision sought.
• Ensure timely referral to Legal when turnaround of a nonperforming account is not possible and ensure foreclosure and/or recovery actions are done in the most cost-effective manner to minimize losses & ensure that there is no negative publicity (reputational risk).
• Provide timely, relevant & accurate reporting and analysis of collection/recovery results against historical & projected goals to the Bank’s management team on a regular basis.
• Instruction of agents, outsourcing to a debt collection agency, consideration of litigation action in liaison with the legal department, agreeing level of repayment/settlement and as a consequence Bank loss all fall within discretion.
• To manage this portfolio of non-performing accounts in line with external regulatory expectations, the Bank’s policies, and procedures. At all times operate within recoveries foreclosure procedures and policies, the Bank’s wider policies and within the external regulatory environment

QUALIFICATIONS, EXPERIENCE AND COMPETENCIES REQUIRED:
• Bachelor’s Degree in Economics, Statistics, Commerce, Business Administration or equivalent.
• Atleast 7 years’ experience in a Financial Institution with at least 4 years in Corporate Collections and bad debt management.
• Credit and Financial analysis skills & high degree of attention to detail.
• Leadership, management & team building skills.
• Decision making skills and results oriented.
• Good knowledge of the Bank’s service standards including the complaint handling procedures and Financial Consumer Protection Guidelines.
• Possess excellent interpersonal, written, and oral communication skills.
• Possess excellent negotiation skills with a commercial focus.
• Self-driven and ability to work under minimum supervision.
• Awareness of business issues & current economic events.
• Thorough knowledge of FIA/IFRS guidelines & regulations on asset quality.
• Good knowledge of the local legal system/framework, corporate finance, insolvency law and security issues.
• Dispute resolution; ability to resolve contentious issues.
• Ability to exercise the highest level of responsibility and confidentiality.

Work Hours: 8

Experience in Months: 84

Level of Education: Bachelor Degree

Job application procedure
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), by close of business on Wednesday 26th October 2022 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 short-listed candidates will be contacted through +256 312 300391.
Disclaimer: 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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