Project and Enterprise Support (Workout Specialist)

Tenable in Uganda - Tenure up to 3 years

Reporting to Head of Risk

Job Purpose

To facilitate the delivery of a turn-around or exit strategy to a demanding portfolio of predominantly complex and high-risk clients across the Region characterized by doubt as to their viability.

Duties and Responsibilities

§ Identify from within the Bank’s existing portfolio of projects, clients showing signs of stress, delinquency or deteriorating credit rating. In liaison with the Country Manager, transfer primary responsibility for managing an agreed number of projects out of the Country Office to the Workout Unit;

§ Manage and provide prompt workout services to rehabilitate turnaround and protect the impaired assets under the control of the Unit. Lead detailed, often complex negotiations with clients, sometimes in conjunction with Country Managers as to the opportunities available to the client and to the Bank in mitigating the risks identified, leading to a turnaround or regeneration of the project. Develop clearly-defined strategies with appropriate milestones for measuring success. Ensure full buy-in by the client to the proposed course of action. Where an exit strategy is the only plausible alternative, bring this to Senior Management’s attention quickly and recommend a capital recovery and exit strategy;

§ Prepare detailed analysis and appraisal of the proposition within agreed business timescales in accordance with the Bank’s investment guidelines suitable for submission to the Project Committee and/or the Board when additional funding or rescheduling is required;

§ Monitor the appropriateness of specific bad debt provisions and recommend amendments where deemed necessary. Likewise, recommend write-offs and maintain a constant vigil on key performance indicators of the Bank in respect of the portfolio quality and recommend policy or operational changes as appropriate;

§ Keep abreast of developments in each country and use your relationship with Key Business Influencers, e.g. Accountants, Development Agencies, Receivers and Business Consultants, in formulating ‘outside the box’ solutions for difficult cases. Interface with other financial institutions and development banks in the region and when necessary develop joint strategies with these co-financiers;

§ Maintain an up-to-date Project Status Report (PSR) for each project in the Workout Unit summarizing the agreed strategy and current implementation;

§ In liaison with Legal Unit assist with the review of the legal documentation and recommend enhancements as appropriate. Where legal action for recovery is contemplated, work closely with the Legal team and agree on a teamwork approach to legal recovery or asset sales;

§ Undertake visits to each of their assigned projects and complete a detailed Supervision Report in accordance with the Project Supervision Manual;

§ Maintain accurate records for the timely receipt of Management Accounts and Audited Financial Statements and liaise closely with Project Sponsors to ensure that you have sufficient information to establish that the project is achieving the projections or milestones that formed the basis of the original sanction or rescheduling of the facilities. Where information available indicates that benchmarks are not being achieved, recommend down-grading of the project and agree remedial action with client;

§ Ensure that contracted interest and capital repayments are received on the due dates and where a slippage occurs bring this to the attention of management with a firm recommendation as to when additional steps the Bank should take to protect itself;

§ Maintain contact with individual Project Officers and develop a system of monitoring the effectiveness of their interventions, ensuring that where there are deteriorating trends that timely advice is given to minimize the bank’s risk where responsibility for less than satisfactory projects has been left under the control of a Country Office.

§ Provide advice and counsel and create a joint approach to problem solving, building capacity within the Country Office to handle the less complicated turnaround situations. In need, assume direct control by transferring a project directly to the Workout Unit;

§ Contribute to the preparation of the Regional Portfolio Performance Reports, with particular emphasis on the impaired book;

§ Prepare and manage the Workout Unit Budget, ensuring costs are all kept within budge and that projected income levels and collections at least reach budgeted targets;

§ Oversee and set annual performance objectives and targets for the Unit’s staff and evaluate their performance in accordance with the Bank’s staff performance management procedures. Identify staff with potential for advancement and, as part of the succession planning process, contribute to their development; and

§ Undertake any other duties assigned by Management.

Qualifications and Experience

§ A First degree in Engineering, Economics, Banking or Business Administration;

§ A Postgraduate degree in Economics, Finance or Engineering or a professional qualification in a related field (ACCA, CPA etc);

§ At least eight (8) years experience in a Commercial or Development Bank including project cycle management with specific competences in project analysis, monitoring and evaluation and a minimum of three (3) years in insolvency or turnaround consultancy services;

§ Clean record of service in the banking industry with specific expertise in project planning and credit management;

§ Superior business management and negotiation skills;

§ Strategic leadership skills with demonstrated ability to drive a team to execute and deliver business objectives;

§ Excellent analytical skills in particular financial modeling skills;

§ Strong problem-solving and decision-making skills;

§ Results-oriented;

§ Demonstrable team working and coaching skills; and

§ Excellent communications skills (oral, written and formal presentations).

If your career aspirations match this challenging and exciting role, please email your application quoting the relevant job title by 21 May 2011 to Executive Selection Division, KPMG Uganda at the following email address: EADBRecruit@kpmg.com. Please attach your comprehensive Curriculum Vitae including an e-mail address, daytime telephone contact, qualifications, experience, present position, names and addresses of three referees. All applications should be sent online by email. Applicants for all positions must be nationals of the EADB Member States except where expressly indicated. Candidates who applied for the re-advertised positions should not apply for the same positions. Only short listed applicants will be contacted. The EADB reserves the right to appoint a candidate at a lower level. Successful candidates should be ready to assume duty before 1 August 2011.


Project and Enterprise Support (Workout Specialist) Project and Enterprise Support (Workout Specialist) Reviewed by Unknown on 12:13:00 AM Rating: 5

No comments:

JOBS CATEGORY

Tanzania Kenya NGO JOBS Uganda Best Jobs Consultancy Rwanda ICT JOBS Administrative United Nations Sudan Best Jobs Finance Health - Medical Engineering Ethiopia Education Agricultural Lecturer Human Resources Somalia Media Congo - Kinshasa Legal Jobs Bank Jobs Monitoring and Evaluation Mining World Vision Burundi Procurement African Barrick Gold Accountant Zambia Sales and Marketing US EMBASSY East African Community Mozambique Telecoms Research CARE International Save The Children Plan International Arusha Malawi South Sudan Oxfam Scholarships African Development Bank Finance and Administration SafariCom Aviation The Commonwealth American Embassy Sales Zanzibar Environmental Catholic Relief Services Dar es salaam USAID Operations FHI 360 UNDP Security World Bank Economist TradeMark East Africa Unicef Hospitality Managers International Rescue Committee (IRC) Restless Development Accounting Civil Engineers AMREF Morogoro Utumishi AfDB African Development Bank COOPI - Cooperazione Internazionale Driver - Logistics Path International Mwanza African Union Tigo Jobs Marketing Mbeya Teaching Au African Union PSI Population Services International Pwc PricewaterhouseCoopers East African Breweries North Mara Gold Mine ACTED Djibouti Malaria Consortium Bulyanhulu Gold Mine DFID Driver Buzwagi Gold Mine Jhpiego COMESA FINCA JOBS International Jobs Adeso Danish Refugee Council Kilimanjaro Nairobi Coca-Cola Handicap International Pact International Rio Tinto Solidarités International Tender EGPAF Elizabeth Glaser Pediatric AIDS Foundation Logistics Serengeti Breweries Ltd Nation Media Group Africare Norwegian Refugee Council Samaritan's Purse Chemonics International COUNTRY DIRECTOR ICAP of Columbia University InterShips Precision Air RwandAir Marie Stopes International (MSI) Serengeti Breweries Volunteer Climate Change IGAD Tetra Tech ARD Agriculture Jobs Dodoma Iringa One Acre Fund Project Management Clinton Health Access Initiative (CHAI Technoserve Twaweza East Africa ActionAid Lutheran World Federation SADC Secretariat Tanga Vso International ACDI/VOCA Halmashauri Agha Khan Kenya Commercial Bank World Agroforestry Centre Deloitte East Africa International Organization for Migration (IOM) COMESA Secretariat: Software Engineering Safety and Security Shinyanga Jobs Tanzania Breweries Pathfinder International World Health Organization KPMG TANROADS Tanzania Electric Supply Company British Council Futures Group KCB BANK UN-Habitat WFP World Food Programme Barclays GEITA GOLD MINING TANESCO Electrical Engineer Food and Agriculture Organization GOAL Mombasa Tabora WWF World Wide Fund for Nature Microsoft Tanzania Ports Authority East African Development Bank Family Health International (FHI) IBM EAST AFRICA IntraHealth International Mercy Corps SERIKALINI - GOVERNMENT OF TANZANIA AccessBank Community Development Jobs Data Base Management Google Africa ICAP - TZ KEMRI/CDC Program WaterAid Tanzania Auditor SNV International Stanbic Bank Amnesty Horn Relief Kampala Management Systems International (MSI) Standard Chartered Bank VETA Christian Aid DIAMOND TRUST BANK Helen Keller International Help Age Mtwara Uganda Telecom Airtel Africa Equity Bank Internships Marie Stopes TCRA Web Development B B C WORLD SERVICE Human Rights Kigali Makerere University Nile Basin Initiative Kenyatta University Kigoma Mzumbe University NSSF National Social Security Fund Nile Breweries Limited Tulawaka Gold Mine University of Nairobi kenya Airways Bank of Tanzania Graduates MTN Muhimbili National Hospital Nepad Partners in Health Room to Read SUMATRA UNWOMEN African Wildlife foundation (AWF) KEMRI Kagera Librarian MENTOR Initiative Trainee USAILI - INTERVIEW Uiversity of Nairobi WaterAid International icipe Project CAFOD - Catholic Agency for Overseas Development Egerton University EngenderHealth Goal Ireland Kenyan Banks Lake Victoria Basin Commission Peace Corps TANAPA TASAF Tanzania Social Action Fund Zanzibar University ACB AKIBA COMMERCIAL BANK AGRA Alliance for a Green Revolution in Africa Advans Bank Ethiopian Airlines Freedom House IITA International Institute of Tropical Agriculture Legal Moshi NMB BANK Resolute Tanzania Singida Uganda Uganda National Roads Authority University of Dar es salaam University of Dodoma British High Commission ChildFund EWURA FilmAid International NECTA TPDC Tanzania Civil Aviation Authority (TCAA) United States International University World Concern Aga Khan Foundation CBA Commercial Bank of Africa Ecomist Ernst and Young IUCN International Union for Conservation of Nature International Medical Corps Islamic Relief Kakira Sugar Musoma National Institute for Medical Research OPEN UNIVERSITY OF TANZANIA Relief International TAA Tanzania Airports Authority Trócaire Uganda Revenue Authority VODACOM TANZANIA VSF Belgium Architects Hivos IFC International Finance Corporation Ifakara Health Institute Inoorero University International Commercial Bank Kenya Red Cross Society MADEREVA Medical Oil and Gas Pwani University College SOKOINE UNIVERSITY Tumaini University Water Engineering AWF African Wildlife Foundation Acacia Mining Accounts African Virtual University Altima Africa Ardhi University Bank of Uganda Business Development Concultancy Del Monte Kenya Embassies Kenya Airports Authority Lake Victoria South Water Services Board Mara National Bank of Commerce RECORDS MANAGEMENT JOBS RUKWA Ruvuma Search for Common Ground Songea TTCL Tanzania Telecommunications Company Limited Unilever War Child International Zinduka Afrika ACORD AKU ​Aga Khan University Africa Nazarene University Africa Rice Center (AfricaRice) Aga Khan Health Services CRDB BANK Commercial Bank of Africa Daraja Tanzania Engineers Registration Board (ERB) Fina Bank International Potato Center International Potato Center (CIP) Intrahealth Jomo Kenyatta University Kilimanjaro Christian Medical Centre Kyambogo University Lindi Jobs MCL Mwananchi Communications MUHAS-harvad Moi University NBC BANK National University of Rwanda Ngorongoro Conservation Area Authority Njombe Nuru International Nzoia sugar Company RTI International SUA SOKOINE UNIVERSITY OF AGRICULTURE THE LAW SCHOOL OF TANZANIA TRA Tanzania Revenue Authority Tanzania Postal Bank The Foundation For Civil Society Udhamini wa Masomo Western Union AIR TANZANIA Action Against Hunger (ACF) Agricultural Society of Kenya BRALIRWA Bondo University College Caritas Comoros Concern Worldwide Conservation Jobs Consolidated Bank of Kenya DHL Express Ewaso Ngiro South River Basin Development Authority Geologist Gulf African Bank INSTITUTE OF ADULT EDUCATION Jomo Kenyatta University of Agriculture and Technology Kabale University Kabale University (KAB) Kenya Ports Authority KickStart International MORUWASA Morogoro Urban Water and Sanitation Authority MSH Management Sciences for Health Mumias Sugar Company Nairobi Hospital Nkumba University Rural Electrification Agency SOKINE UNIVERSITY SONGWE STAMIGOLD Stores TACAIDS TARURA TCU Tanzania Commission for Universities Tullow Oil World Lung Foundation (WLF) ALAF Limited Aga Khan Development Network (AKDN) Aga Khan Hospital Air Malawi American Refuge Committee BENKI YA POSTA - TPB BANK BTC Belgian Technical Cooperation Bhttp://www.blogger.com/img/blank.gifank of Tanzania Bioversity International CHF International Customer Service Jobs DANGOTE DIT DAR ES SALAAM INSTITUTE OF TECHNOLOGY Danida Dar es Salaam Institute of Technology Daystar University ECOBANK ETDCO Electrical Transmission and Distribution Construction and Maintenance Company European Union IFM INSTITUTE OF FINANCE MANAGEMENT INSURANCE JOBS - BIMA ITECH Internews® Network KUITWA KAZINI Kenya Accreditation Service Kenya Polytechnic University College Kilombero Sugar Company Kisii University College Kisumu Laboratory Jobs MSD MEDICAL STORES DEPARTMENT MSF Switzerland Management Sciences for Health Manyara Maseno University Ministry of State for Planning Muteesa 1 Royal University Médecins Sans Frontières NIDA National Identification Authority Narok University College OSHA Occupational safety and Health Authority Open Society Initiative for Eastern Africa (OSIEA) PA PAC PEPSI POLICE - POLISI Petroleum EngineerS RWANDA HOUSING AUTHORITY Seychelles Songas TBC TANZANIA BROADCASTING CORPORATION TBS TANZANIA BUREAU OF STANDARDS TFDA TANZANIA FOOD AND DRUGS AUTHORITY TIB - Tanzania Investment Bank Tanzania Mortagage Refinance Company Tanzania Teachers’ Union Transmara Sugar Company Tropical Pesticides Research Institute Tumba College of Technology Twiga Cement UNESCO UNOCHA Umma University University WRP Walter Reed Project ZANTEL ao uga
Powered by Blogger.