Job Responsibilities
• Prepare loan proposals and submit them to competent authority for recommendation / approval and disbursements on sanctioned terms and conditions
• Analyse applicants’ financial status, credit and property evaluations to determine feasibility of granting loans.
• Explain to customers the different types of loans and credit options that are available, as well as the terms/conditions of those services. Loan Account opening, limits etc in system. Obtain and compile coples of loan applicants’ credit histories, corporate financial statements, and other financial Information. Financial analysis based on Balance Sheet/annual return. Liaise with Banks lawyers, valuers for fastest delivery of given work.
• Review and update credit and loan files. Conduct site visits on prospective /existing
• borrowers.
• Review and update credit and loan files. Monitoring of advances.
• Conduct pre-sanction And post-sanction
• Inspections and preparing its report Portfolio management, monitoring of loans.
• Monitoring & follow up of accounts for recoveries.
• Opening LCs, Guarantees and Loan Accounts as per proposal/offer letter terms
• Ensure relevant reports are timely prepared, accurate & submitted to pertinent Authorities. Follow up on post disbursement conditions for their closure/compliance.
• Receiving /Collect all revenues say CRB fees, Guarantee/LC fees etc.
• Updation of Insurance schedule of security in the system/Finacle and data correction related to advance account.
QUALIFICATION
The ideal candidate will have the following.
• Degree in a Business related field from a recognized Institution.
• Three (3) years working experience in Credit in a Bank/Financial Institution is a MUST. Ability to lead team related to credit work
• A proven and extensive track record in Credit from a financial Institution.
• Highly organized person, with ability to multitask with ease
• Suitable basic knowledge in Computer is a must.
Suitable candidates should submit their applications along with their CVs in person to HR Department, Bank of India (U) Ltd, Head Office, Plot 37 Jinja Road next to National Water Offices, Kampala or email it to boiul.uganda@bankofindia.co.in and Boiul.Hr@bankofindia.co.in not later than by 10th May 2024 up to 2:00PM.