2 Credit Manager – Corporate Job Placements – DFCU Bank
Job Title: Credit Manager – Corporate (2 Job Placements)
Organisation: DFCU Bank
Duty Station: Uganda
Reports to: Senior Manager- Credit Approval
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 Credit Manager – Corporate will evaluate and approve corporate applications within delegated approval authority, as well as make recommendations for approval to a higher sanctioning authority for deals that are outside their discretion. To ensure profitable and well-structured proposals for large corporates are booked to achieve the targeted business growth and minimize credit losses by lending within the bank’s risk appetite and regulatory guidelines.
Key Duties and Responsibilities:
- Review and sanction all proposals (new & existing) within personal discretion (≤ USD200,000) in adherence with dfcu’ s internal credit policies, Risk Management Control Document and other required regulations including BOU, FIA, and funders.
- Assessment and recommendation of files outside their discretion to the higher sanctioning authority including the Head of Credit, Internal Credit Committee and the Board Risk Credit Committee in a bid to achieve the bank’s disbursement targets of quality deals.
- Analyse current credit data, financial statements of corporate/ large individual & Business Banking borrowers to determine the degree of risk involved in extending credit; and determine expected profitability of loans, as well as preparing reports justifying the decisions made.
- Organise the maintenance and updating of bank credit policies and procedures bi-annually in accordance with bank/ industry trends, evolving regulations, legal requirements as well as their implementation to ensure compliance.
- Provide support in structuring proposals to minimise risk and ensure full repayment.
- Timely responses on sanctioning of deals and excesses within agreed Service Level Agreements (SLA)
- Train and coach the Business Analysts as well as Relationship Managers in credit assessment/ analysis, deal structure, policies and procedures.
- Conduct road shows on credit underwriting criteria for staff in the Credit value chain to uphold quality of deals booked.
- Responsibility for personal adherence to governance, compliance and lending portfolio controls thus ensuring own conformance to policy and procedures within the Credit Function, including proactive management of agreed responsibilities for Data Integrity.
- Review of and adherence to service level agreement between sales and credit units annually in order to maintain service delivery in line with/ ahead of competition.
- Monitor the overall quality of the Corporate/Business Banking portfolio, through participation in governance meetings.
Qualifications, Skills and Experience:
- The ideal applicant for the DFCU Bank Credit Manager – Corporate job must hold a Bachelor’s degree with bias in any of the following areas: Finance, Banking, Economics, Business Administration and a Master’s degree or similar qualification in these fields.
- Additional training/professional qualification in Business, Investment and project appraisal, Risk management and financial analysis.
- Credit certification.
- Five years’ experience in a business or banking/financial services environment with at least 3 in Credit risk management /sanctioning.
- Understating of SMEs and Corporates and the general business environment.
- Thorough understanding of dfcu credit policy, FIA and BOU guidelines on asset quality.
- Knowledge and understanding of dfcu products offering.
- Awareness current economic/market trends.
- Analytical and problem-solving skills.
- Good communication skills (both oral and written) to allow for effective teamwork and interaction with all levels of staff.
- Computer knowledge (Microsoft desktop products).
- Basic legal skills.
- Managerial and team building skills.
- Ability to work without supervision, driven enough to achieve set targets.
How to apply:
All suitably qualified and interested candidates are encouraged to send applications with detailed CV’s including present position and copies of relevant professional/academic certificates (University Transcript, O & A level) to the email address indicated below;
Vacanciesbank@dfcugroup.com
Deadline: 5th December 2019