Summary
Date Posted: Friday, December 06 2024, Base Salary: Not Disclosed

JOB DETAILS:
The Collateral Management Officer plays a vital role in ensuring the accurate registration, monitoring, and maintenance of collateral in adherence to regulatory guidelines and internal policies, thereby mitigating credit risk for UMUTANGUHA FINANCE COMPANY PLC (UFC PLC).

MAIN RESPONSIBILITIES
Collateral registration and de-and monitoring
• Register collateral accurately and promptly upon loan initiation.
• Make sure that collateral registration and deregistration is properly done and completed on time, ensuring all necessary documentation is complete and compliant
• Submit Collateral registration certificate to responsible department for disbursement immediately once obtain;
• Registering collaterals basing on their status(nature) such as House; Land; Car…
• Regularly monitor collateral status to ensure loan security.
• Verify loan repayment as proof of payment before de-registering collateral assets.
• Act as a resource person for collateral-related inquiries.
• Identify and address key challenges in collateral management efficiently and follow up on collateral audits raised issues
Reporting and Compliance
• Compile and maintain collateral data for reporting purposes.
• Ensure compliance with credit risk management policies and procedures.
Other
Proactively seek solutions to enhance collateral management processes
Any other related duties assigned by the supervisor

Qualifications, Skills and Experience:
• The candidate should hold a Bachelor's degree in Bachelor's degree in Finance, Banking, Business Administration, Law or related field.
• At least three-years relevant experience in Bank or Micro-Finance Institutions, and having one year occupying similar position with collateral management duties will be an added value;
• Good financial analysis
• Good knowledge of RDB system
• Proficiency in MS Office, particularly Excel and Word.
• Strong attention to detail and accuracy in data management.
• Good understanding of banking regulations and compliance requirements pertaining to collateral management.
• Proficiency in collateral registration and monitoring processes.
• Proactive approach to problem-solving and process improvement.
• Strong organizational skills for maintaining collateral documentation.
• Understanding of credit risk mitigation strategies.
• Ability to handle confidential information with discretion.
• Continuous learning and staying updated on industry trends and developments in collateral management.
• Time management spirit
• The candidate must have working knowledge in both English and French

Please submit your:
• Application letter
• Curriculum vitae
• Studies documents (copies of Certificates, academic transcripts, degree, etc)
• Training and experience documents
• A list of three references and their contacts

Work Hours: 8

Experience in Months: 36

Level of Education: Bachelor Degree

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