New Bank of Africa-Uganda Ltd Jobs Vacancies in Uganda- Banking Officer

Job Title: Banking Officer -Collections

The overall role of the Banking Officer-Collections: Reporting to the Credit Controller, the Banking Officer - Collections' role is to take full control and management at Micro and Macro levels. This will be in liaison with responsible Officers, of all accounts which are in arrears or excess positions for one day and above and for the Special Assets held in the Bank's portfolio at any one time. (Special Assets being defined as Credit Facilities that are in the Non Performing Classes of 3 AS. 5 and Written off as per the Central Banks Guidelines on Asset Quality) or any other Bank Assets placed in that category by any of the banks’ competent committees

Key Responsibilities

1. Review the excess and arrears reports from all positions in the shortest time possible.

2. Monitor and report on any unauthorized excesses on accounts.

3. Advise the Credit Controller of the recommended action for each of the persistent or troublesome positions on daily basis.

4. Make a report of any persistent accounts in arrears with recommended actions to the Credit Committee on weekly basis.

5. Implement all recommendations of the Credit Committee with regard to accounts in arrears / excess positions.

6. Keep custody of all files placed under Special class 3, 4, 5 and Written off accounts and update Credit Committee on any significant developments (internally or externally) with regard to improving

8. Recommend monthly, to Credit Committee accounts for adjustment of classes either downwards or upwards including those for write off with justification. ,

9. Monitor movements in the Special Asset accounts- (credits or debits) and recommend appropriate adjustments in provisions.

10.Ensure that all interest charged on Special Assets is reviewed every month and suspended. (The Non Accrual Principle), and recommend any reversals into Accrual Basis.

11 .Maintain dialogue on a continuous basis with all third parties i.e. Lawyers, Auctioneers, Debt Collectors and update the Credit Committee on weekly basis on any significant developments. Parties. Assist third parties in compiling required documentation to facilitate legal action and represent the bank in the same together with Legal Manager,

13.Receive and post all recoveries collected from Special Assets and adjust account positions accordingly.

14.Assist the In charge Securities in preparation of all required security documentation and in all other functions as performed by the i/c Securities.


Job requirement

Knowledge, Skills and Experience

* Bachelor's degree in any relevant field and other qualifications in Banking and Credit will be ofadded advantage.

* 3 years' experience in Banking or Credit related field.

* Excellent communication, presentation and report writing skills.

* High level of attention to detail, through analytical skills, rational decisions making and good negotiation capacity.


How to apply

How to apply

Applicants should send job applications, up-to date _ curriculum vitae and copies of academic certificate through courier or hand delivery to the address below by 14th February 2011.Your application should include three references, none of whom should be your relative and all of whom should have supervised, taught you or known you through your work.

The Head Human Resources

Bank of Africa-Uganda Ltd

Plot 45 Jinja Road

P.O Box 2750 Kampala