Head of Credit

Department:

Location: Head Office

Validity period: 30/05/2025 – 20/06/2025

About FINCA Uganda:

FINCA Uganda is a subsidiary of FINCA Impact Finance and part of a network of 21 microfinance institutions and banks that provide socially responsible financial services that enable low – income individuals and communities to invest in the future. FINCA Uganda currently offers loans, savings and money transfer services in Uganda, one of the most competitive and dynamic microfinance markets in the world. FINCA is looking for a dynamic person to join their team of professionals as Head of Credit. Details are highlighted as follows:

Summary

The Head of Credit is responsible for providing strategic direction and oversight to ensure that FINCA Uganda is appropriately monitoring and managing credit risk in full compliance with local laws, regulations, and internal policies and procedures. He/She is also responsible for FINCA Uganda’s overall Credit Administration; Management and Innovations of Credit Products and their delivery processes; Data Quality Management and Data Analytics to support operational and strategic management decisions and actions.

Key duties and responsibilities:
The Head of Credit will be responsible for the following:

Providing supervision oversight to credit department work streams (including Credit Administration, Products Management, Data Analytics, Collections & Recovery), in line with the organizational structure set out to enable FINCA Uganda achieve all its goals and objectives.
Supporting the implementation and operationalization FINCA Uganda’s digital transformation initiatives including but not limited to Credit Decision Engine Upgrade, Digital Field Automation, and Mobile Financials Services.
Initiating, coordinating and working effectively with FINCA Uganda’s existing and prospective strategic partners in support of collaborations aimed at fostering FINCA’s strategic goals and objectives.
Making periodical review of FINCA Uganda’s lending policies and procedures and making recommendations to Management of amendments necessary to consolidate the credit policy in sync with the subsidiary policies manual and the various changes in products and process that take place.
Reviewing, appraising and approving loans as a member of the Management Credit Committee, and representing MCC recommendations to the Board Credit Committee, where required.
Determining the training needs of credit department and branch credit staff to improve their loan assessment, analysis skills, competence and supporting their continuous growth.
Managing and measuring performance of credit department staff in accordance with set goals and performance metrics.
In consultation with the Chief Commercial Officer, approving new credit staff requirements and staff movements (promotion and transfers) and recommending to the disciplinary committee staff in gross breach of policies and procedures or unacceptable performance; and managing, training, up-skilling, motivating, retaining, and supporting the recruitment of staff for the credit department.
Interfacing with regulators, supervisory agencies, external auditors, and funders on all credit related matters of review, including providing periodical reports required by the Central Bank.
Preparing for, attending and presenting reports to the relevant Executive Management Committees including Management Risk Committee; Disciplinary Committee; Management Credit Risk Committee; etc., as may be required from time to time; and representing management at the Board Risk Committee, on matters of credit risk.
Supporting FINCA Uganda’s collaborations with the regulatory and industry associations including attending monthly credit committee meetings organized by the Uganda Bankers Association, and attending other Adhoc functions, workshops or meetings organized by the regulator or industry associations.
Working with internal control team to identify all aspects of non-compliance with the policies and procedures in the execution of credit products and make appropriate action recommendations.
Designing and ensuing implementation of strategies and action plans for recovery of loans in arrears and to design delinquency loans tracking tools in line with FINCA Uganda’s policies and procedures.
Organizing and attending regular head office based delinquency management meetings and ensuring follow-through on agreed action points.

Qualifications and Experience:
Degree in Commerce, Business Administration, Microfinance, Statistics or Finance & Accounting and any Business related discipline.
Minimum of 8 years retail or Commercial or Microfinance banking experience
Minimum of 3 years of demonstrated experience in management position involving Credit Administration, Credit Product Management, Credit Risk Management or Regional Management.
A Master’s degree and or experience in Senior Management role overseeing credit risk will be an advantage

Competencies
To perform the job successfully, the successful candidate should demonstrate the following competencies:

Leading with integrity.
Excellent at Employee Engagement.
Result Oriented.
Excellent at collaborating.
Strong business management and negotiation skills.
Excellent interpersonal, communication and training skills.
Excellent technical report writing skills, proficient knowledge of excel and computer literacy.

How to Apply:
All candidates who so wish to take up these roles in the aforementioned capacities are encouraged to send their applications with detailed CVs including present position and copies of relevant professional/academic certificates 

Deadline: 20th June 2024