Job Description
• Monitor and control PAR (Pre 90 days delinquency) the banks credit portfolio to ensure that the asset book quality is maintained and improved (PAR & Migration) to within acceptable levels.
• Develop, recommend, and implement strategies to ensure that accounts under watch category are upgraded to normal in line with the Bank of Uganda regulations and the credit policy.
• Reviewing and preparing reports on degenerating accounts for early alert warning purposes.
• In collaboration with the workplace banking team, to monitor Scheme borrowers for identification of missing monthly installments and compile reports per individual, branch, and district to facilitate follow ups with the districts/employers.
• Monitoring of covenants (bank agreement with customers vide offer letters) to ensure that they are being adhered to and no defaults or violations are registered.
• Check on expiring financial statements, valuations, and insurance policies monthly and sensitize branches and relationship managers to submit renewals at least 2 months before expiry.
• Carry out independent check to ensure the information captured in the system on loans disbursed is accurate and is as stipulated in the terms and conditions.
• Generate early alert/watch accounts, arrange the meeting, and track closure of the agreed actions with the respective branches/relationship managers.
• Provide timely support and guidance to the credit department to close all compliance lapses as identified and reported by the regulator, auditors (internal and external) as well as lapses identified during the routine compliance assessment.
• Provide leadership in branch portfolio supervision, filed visits and snap checks to ensure compliance with the credit policies and procedure.