Investment Analyst Job at Uganda Development Bank Ltd - Career Opportunity in Uganda
Vacancy title:Investment Analyst
Jobs at:
Uganda Development Bank Ltd
Deadline of this Job:
23rd February 2018
Duty Station:
Kampala, Uganda
JOB DETAILS:
DEPARTMENT: Credit Risk
SCALE: UDBL 05
REPORTS TO: Senior Manager Credit
SUPERVISES: None
JOB SUMMARY/PURPOSE
The Investment Analyst carries out credit underwriting of applications with the view to ensure strict adherence to the Bank’s credit risk appetite and policies and procedures.
ACCOUNTABILITY STATEMENT
The Investment Analyst is responsible for ensuring prudent underwriting standards including high levels of client due diligence so as to underwrite credit risk to prospective and existing clients that have a strong probability of success, that will generate adequate cashflow, and will repay all credit facilities from business cash flows.
The job holder will ensure that all Credit Risk Ratings assigned to credit exposures are dynamic, timely and accurate in order to correctly reflect the risks associated with such a Borrower at all times.
PRINCIPLE DUTIES & RESPONSIBILITIES
- Ensuring prudent underwriting standards including high levels of client due diligence so as to underwrite credit risk to prospective and existing clients that have a strong probability of success, that will generate cashflow, and will repay all credit facilities from business cash flows.
- To Conduct independent analysis of the financial condition of borrowers and prospects in support of loan origination, loan renewal, and loan review.
- Ensuring all Credit Risk Ratings assigned to credit exposures are dynamic, timely and accurate in order to correctly reflect the risks associated with such Borrower at all times.
- The ongoing monitoring of all credits for inclusion on the Watch List; and a consolidated written report to the Board at least quarterly with updated comments and plans of action on each account
- Credit Risk Supervision, including the monitoring of Borrower performance and the Credit Risk grading of each loan in the portfolio (at least annually, but in accordance with the Credit Risk Management Policy), and the loan portfolio and where appropriate recommending corrective actions to ensure adherence to Credit Policy or to identify credit deterioration as soon as practicable.
- Compliance with the Credit Risk Management Policy, and the Credit Procedures Manual at all times;
- Ensuring the Credit Risk department shall be the second line of defence in assuring policy limits are observed and prudent credit underwriting and credit procedure practices are followed.
- Prepare ratio analyses, peer group comparison, and provide commentary on the findings including abnormalities, unusual trends, one-time events, relevant tasks, developing problems, etc. that require further investigation/clarification/explanation.
- Participate in Preparation and processing of loan applications for the departmental/Management and Board Credit Committee in accordance with the department’s guidelines.
- Assist the Manager in monitoring of the performance and grading of the loan portfolio on a monthly basis and recommend remedial actions to management in accordance to credit policy.
- Support the Bank’s business growth objective through very timely credit assessment/underwriting of projects.
Analyze credit applications and offer an opinion on viability for funding and adherence to Credit Risk management framework
RELATIONSHIPS
Internally: All UDB Departments
Externally: When deemed appropriate, current and prospective clients
REQUIREMENTS
- A numerate degree with accounting, finance or engineering
- Possession of professional qualification like CFA, ACCA and CPA.
- 5 years related experience in credit analysis/loan underwriting in a banking institution
- Exposure to underwriting long term credit is highly desirable;
- Sector specific underwriting specialization and/or experience (say in agriculture, manufacturing, tourism etc) will be an added advantage
REQUIRED COMPETENCES
- Strong oral and written communication skills
- Good analytical skills
- Ability to maintain the confidentiality of credit and Customer information
- Superior Planning and Organizing skills
- Good interpersonal skills and team orientation
Applications should be hand delivered to:
The Director HR & Administration,
Uganda Development Bank Ltd, Plot 6 Nakasero Road,
1st Floor Wing B, Rwenzori Towers, P. 0. Box 7210, Kampala.
The closing date is 23rd February 2018 by 5:00pm.
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