4 Fresher Agricultural Loans Officer Job Placements – DFCU Bank
Job Title: Agricultural Loans Officer (4 Fresher Job Placements)
Organization: DFCU Bank
Duty Station: Mbarara, Soroti, Hoima, Isingiro, Uganda
Reports to: Branch Manager
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 Agricultural Loans Officer will grow and maintain a quality portfolio of the Agri customer base through the promotion of the bank’s savings and lending products in strict compliance with laid down risk management controls and credit procedures while providing exceptional customer experience.
Key Duties and Responsibilities:
- Recruit new Agri customers active in processing, production and/or trade such as (farmers, farmer groups/associations/cooperatives, traders, processors) for business growth and profitability.
- Identify Agri business clients’ needs and offer solutions for customer satisfaction.
- Work with the Branch Manager and Senior Manager – Agriculture & Informal to plan and coordinate the sales activities scheduled for the specified period.
- Sensitise farmers to organise themselves in legally registered groups and stimulate savings. Conduct regular face-to-face customer visits, site visits, recognition initiatives and prepare reports in the prescribed manner.
- Increase agri business penetration for the customers under management by reviewing their portfolio to determine potential cross sells and proactively recommend new products to customers for business growth. Initiate and analyse credit applications for new and existing agri business customers by completing the documentation with customers, completing the required financial analysis and submitting applications to credit for approval to meet the set agreed timelines.
- Receive security documents for Agri-loan customers ensuring that they meet bank standards and any specific requirements depending on the facilities offered to the customer. Follow up on all approved agri-business loans and ensure that customer information is correctly captured in the system i.e. standing orders, interest rates, repayment schedules, limits, review and expiry dates
- Receive and verify customer documents for account opening, facilities and other customer instructions according to the laid down procedures.
- Timely notification of customers in regards to their loan approvals/declines of credit facilities and advise alternative options in case of a decline for customer satisfaction.
- Monitor the agri business portfolio and identify early warning signals to ensure the NPA/PAR ar within the acceptable levels.
- Make calls to clients with loans in arrears to support timely collection and generate reports to ensure NPA/PAR are within the acceptable levels.
- Onboard new customers on quick banking and inform customers of other appropriate service channels.
- Comply with KYC, AML & suspicious transactions reporting and ensure that all documentation and transactions are in line with local and regulatory anti-money laundering and KYC requirements.
Qualifications, Skills and Experience:
- The applicant for the DFCU Bank Agricultural Loans Officer job placement must hold a Bachelor’s degree in Agricultural Economics or Agribusiness related course
- Two years working experience in a financial institution in a sales role
- Holder of a valid driving license class A.
- Demonstrated awareness of the agriculture sector with regards to factors like farm management, government policies and projects, trends in the market etc.
- Good understanding of the seasonal trends or cycles and their overall effect on various crops
- Financial analysis and credit assessment skills are desirable
- High level of speed and accuracy in order to exceed customer expectations.
- Excellent sales/networking and relationship management skills
- Strong communication and presentation skills
- Good understanding of credit principles and guidelines
- Excellent analytical skills
- Excellent interpersonal and negotiating skills required.
- Motivated, flexible and ready to work under pressure
- Able to convey factual information clearly.
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: 26th February 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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