Fresher Credit Verification Officer Job Opportunities – DFCU Bank
Job Title: Credit Verification Officer (Fresher Jobs)
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 Verification Officer will be responsible for timely review and verification of the authenticity of loan documents and information collated from clients and submitted by Personal and Business Banking and Corporate teams. The role holder will also be responsible for sharing the collected information with the issuers; communicating any positive results or discrepancies identified to the credit approvers to optimize operations in accordance with the credit policy and SLA.
Key Duties and Responsibilities:
- To verify the authenticity of the following documents as well as the information contained therein by contacting the relevant signatories and working with the Risk & Compliance (Fraud) department;
- Financial statements (Audited and Management accounts)
- Customer contracts
- Local Purchase orders
- Invoices
- Certificates
- Employer Letters of Undertaking
- Bank statements from other financial institutions
- The basic KYC documentation presented, if not already verified at other levels
- Conduct business visits to client premises to verify details presented on the client’s business.
- Adherence to set workflows and work queues to ensure that agreed Service levels are met.
- Proactively identify trends that may affect the quality of submitted documents and ensure corrective action and escalation is applied appropriately.
- Actively perform fraud checks in order to limit the risk of fraudulent or inaccurate application processing.
- Identify discrepancies’ in application documents and inform the sanction point of the same.
Qualifications, Skills and Experience:
- The ideal applicant for the DFCU Bank Credit Verification Officer job must hold a University degree in Business or other relevant fields.
- A minimum of two years’ experience in banking.
- Knowledge of the Bank’s Credit policies, FIA guidelines and bank products.
- Knowledge of fraud investigation and bank controls.
- Working knowledge of Consumer and Corporate Banking.
- Understanding and appreciation of the different sectors in the economy and the key performance drivers within these sectors.
- Effective communication and good interpersonal skills.
- Excellent customer service, organizational skills and attention to detail.
- Proficient with Microsoft Desktop for efficient monitoring and report writing.
- Self-motivation, result orientation with ability to make appropriate decisions as and when required.
- Flexibility, spontaneity and ability to manage verification schedules to the field.
- Ability to work under minimum supervision.
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: 2nd December 2019
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