Job TITLE: Head of Credit Department
JOB REF: CRD1.0
RANK: General Manager
REPORTS TO: Executive Director, Operations Division
To Oversee the Credit department sections which include Credit Evaluation, Credit Operations and Monitoring and Recovery in order for the Bank to book quality loans with minimum defaults in accordance with the Bank’s Credit Policy.
To provide oversight for the Credit Department as regards set policies, operational and HR matters.
To plan, set goals and budget forecasts for the Credit Department in consultation with the Executive Director, Operations.
To initiate Credit Policy Changes and reviews in conformity with the prevailing market and economic conditions and in line with good banking practices.
To review, appraise and/or approve loan facilities as provided for and in accordance with the Credit Policy as approved by the Board of Directors
To manage the recovery of delinquent credit facilities in liaison with legal Department in the event of foreclosure.
Ensure fees and penalties applied have been effected.
To ensure operational efficiency of Credit Department in order to keep within the Bank’s set policies and guidelines.
Ensure efficient turnaround time for all loan applications according to agreed targets and Service Level Agreements (SLA’s).
To ensure that the Credit function is performed in accordance with the Financial Institution Act 2004 and the Bank’s Credit Policy.
Research, analyze, and propose sector exposures and limits taking account of the prevailing and forecast economic and financial conditions.
Provide accurate reporting to management and the board in order that decisions are taken with account of risks involved.
Ensure the integrity of the credit evaluation process with regard to the approved risk grading model.
Ensure the Bank acts as a responsible corporate institution with regard to the environment and corporate social responsibility standards.
Continually review Sectoral ceilings, discretionary authorities, portfolio measures, including industry limits, tenor limits, risk rating, NPLs, risk acceptance criteria security acceptance and credit risk matrices.
Ensuring that provisioning policies are in line with the Bank’s Credit Policy Document, comply with Banking Act and Prudential Guideline provisions and co-ordinate with Finance Department to ensure appropriate provisions and interest suspensions are effected in the Bank’s accounting systems.
Management of the Credit Appraisal system, ensuring that appropriate reviews of Credit proposals are undertaken on a timely basis.
Ensure continued maintenance of a quality portfolio in line with Bank’s standards as stipulated in policy guidelines.
Implementation of new and effective dimensions on portfolio risk management especially in line with Bank’s growth strategy.
Implementation of automated processes to minimize manual interventions thereby increasing efficiencies in delivery of credit products at both personal and corporate lending levels.
Provide ongoing relevant training to all bank staff involved in lending business to address identified skill gaps by transferring skills through job training, coaching, mentoring and ensure harmony among the team to improve performance.
Identification and management of the sub standard and non performing assets portfolio of the Bank in line with the Credit Policy Document and recommend action to EXCO and the Board, which minimize losses and facilitate full recovery of any exposure taken by the bank.
Initiate review of industry and sector economic analysis and compile statistical information including macro-economic information, indices and provide feedback to the Senior Management Team, EXCO and the Board on the possible impact of identified trends.
Provide technical support to the Executive Committee on the management of the Bank’s credit portfolio and the review and approval process for credit proposals.
Management of the credit administration aspects of the portfolio, including ensuring that all requisite security documentations are in place prior to disbursements.
Organize, manage and motivate the available human capital within Credit Risk Management Department through establishment of suitable organization structure and implementing development programmes to optimize competence and productivity.
To perform any other duties assigned by management to achieve the Bank’s objectives.
Review and maintain business continuity through robust succession plan for the department for smooth flow of business operations and ensure cover in the face of unplanned interruptions, losses or absence of staff.
Monitor the performance of the team through periodic performance reviews and ensure that staff are performing to expectation, according to agreed targets and identity and address areas of improvement.
Evaluation and implement appropriate remedial strategies such as restructuring of loan facility, enhancement in credit limits or reduction in interest rates to help to help improve obligor’s repayment capacity and avoid litigation.
University degree preferably in Accounting, Finance or Management
Associate of Chartered Institute of Bankers (or equivalent)
A minimum of five (5) years experience in Credit Risk Management
A minimum of five (5) years experience in General Management
A minimum of three (3) years Banking experience
Proficiency in Computer packages (incl. EXCEL and WORD)
Basic Legal knowledge
Financial Risk Analysis skills
Analytical, problem solving and decision making skills
AGE: Above 33 years, but not exceeding age 45 (both posts).
SALARY AND BENEFITS ARE VERY ATTRACTIVE
How to Apply:
Hand written applications must be accompanied by, a detailed curriculum vitae; copies of academic qualifications and professional training documents/certificates; names and addresses of three (3) referees.
Applications should reach NOT later than Friday, 26th April, 2013 and be addressed to:
Head Human Resource & Administration Department, Housing Finance Bank, Plot 4 Wampewo Avenue, Kololo, P. O. Box 1539, KAMPALA.
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