Assistant Manager of Business Operations at Deposit Protection Fund of Uganda

1. JOB REF: DPF3.04
2. POSITION: Manager/Assistant Manager of Business Operations
3. GRADE: Principal Officer
4. REPORTS TO: Head Finance and Business Operations
5. DIRECT REPORTS:
i. Senior Officer/Officer Deposit Pay-out and Claims
ii. Senior Officer/Officer Liquidation and Recoveries

6. JOB PURPOSE:

Oversees and guides the business operations of the Fund in the areas of depositor claims, payouts liquidations and recoveries.

7. KEY RESPONSIBILITIES:

• Computation of Insurance premiums and submission of invoices to banks;
• International standards relating to deposit insurance;
• Preparation of reports of Contributing Institutions;
• Participate in on-site inspections;
• Develop professionally written policy and procedure proposals that clearly articulate the Fund’s value proposition.

8. DUTIES:

• Prepares and implements the regulations, interprets the application of the regulations and other documents concerning deposit insurance;
• Manages records of assets collected based on premiums, as well as of assets raised from other legally prescribed sources;
• Proposes and implements the decisions setting the level, mode and deadlines for calculation and payment of the initial, regular and extraordinary insurance premium for deposits;
• Monitors data that banks are obligated to submit to Fund in accordance with applicable regulations: data about the balance of deposits, placements, lending and negative interest rates, etc.;
• Advises contributing institutions of the annual and Risk-Adjusted Premiums;
• Calculates insurance premiums, submits invoices to banks and collects premiums from banks;
• Calculates, prepares and submits the interest rates lists and collects default interest on insurance premiums which are untimely paid;
• Implements the procedure for selection of a payout bank in the case of a bank’s bankruptcy or liquidation;
• Periodically tests software solutions concerning the data transfer about the insured deposits for both the bank in bankruptcy or liquidation;
• Implements the prescribed activities in case of occurrence of an insured event (bank’s bankruptcy) and of a bank liquidation;
• Compiles the assets necessary for the payment of deposits, monitors and reconciles the data about the paid deposits;
• Prepares for settlement of obligations under international projects relating to deposit insurance;
• Participates in activities of bankruptcy liquidation of banks and contributing institutions in accordance with legal regulations;
• Follows up and proposes implementation of international standards relating to deposit insurance;
• Prepares quarterly reports on budget and work plan performance of Contributing Institutions;
• Prepares relevant documents for all payments requests and ensure creditor terms are appropriately followed;
• Ensures efficient depositor payout of protected deposits;
• Prepares depositor claims & resolution in case of Bank failure;
• Participates in the development and review of depositor payout manual;
• Ensures proper depositor records are kept in all contributing institutions to facilitate depositor payout process if a need arises;
• Provides support on the implementation of Depositor Unique Identifier;
• Participates in the conduct of site examinations of Contributing Institutions;
• Prepares Onsite and offsite reports on the performance of Contributing Institutions from Bank of Uganda;
• Periodically tests the collective software solution to support depositor payout.

9. EXPECTED OUTPUTS:

• Computation of premiums and interest;
• Efficient and effective Depositor payouts and liquidation procedures;
• Presentations to the Executive Management and/or the Board of Directors;
• Proper and accurate depositor and Contributing Institution records;
• Quarterly reports on Budget and workplan.

10. COMPETENCIES:
11. Technical Competencies

• Budgeting, forecasting and accounting skills;
• Financial reporting, analysis and proficiency using financial systems;
• Planning, organization and research skills;
• Use of financial and business processes software packages.

1. Behavioural Competencies

• Accountability and Dependability: Takes personal responsibility for the quality and timeliness of work and achieves results with little oversight;
• Transparency and Integrity: Earns others’ trust and respect through consistent honesty and professionalism in all interactions;
• Team spirit and collaboration: Promotes cooperation and commitment within the team to achieve the Fund’s organizational goals and deliverables; Builds constructive working relationships characterized by a high level of acceptance, cooperation, and mutual respect
• Adaptability and Flexibility: Adapts to changing needs, conditions, and work responsibilities;
• Self-Management and thoroughness: effectively manage own time, priorities, and resources to achieve goals; Ensures that work is complete and accurate and independently follows up with others to ensure that agreements and commitments have been fulfilled;
• Communication: Shares and receives information using clear oral, written and interpersonal communication skills;
• Stress Tolerance/tact: Maintains composure in highly stressful or adverse situations, diplomatically handles challenging or tense interpersonal situations;
• Employee Engagement and enthusiasm: Demonstrates commitment to the job, colleagues, the Fund and its mission by acting in ways that further the accomplishment of its goals;
• People Management: Leads and engages people to maximize organizational and individual performance through alignment with the Fund’s mission and attainment of strategic and operational goals;
• Coaching and Mentoring: Enables co-workers to grow and succeed through feedback, instruction, and encouragement. Influences others to be excited and committed to furthering the Fund’s objectives; ability to gain other’s support for ideas, proposals, and solutions.

11. MINIMUM QUALIFICATIONS AND EXPERIENCE:

• A First Class or Upper Second Class degree in accounting, finance, economics or equivalent is essential;
• Professional certification in accounting such as ACCA, CPA is essential;
• MBA or MSc degree in finance or accounting is desirable;
• 5+ years of experience in financial reporting, planning and analysis is desirable.

12. DISCLAIMER & APPROVALS

The preceding job description is not designed to be a complete list of all duties and responsibilities required of the Manager/Assistant Manager of Business Operations.

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