Summary
Overview
Work History
Education
Skills
Accomplishments
Additional Information
Interests
Timeline
Intern

Getachew Wakie Bulcha

Vice President, Project Financing
Addis Ababa,

Summary

Performance-driven Vice President with a demonstrated experience in projects financing for above 24 years and in making the bank successful in its operational and financial achievements. Passionate about applying strong leadership, decision making, risk management, credit and portfolio analysis and communication in managing and leading the second largest bank with critical development mission. Qualified and well-versed individual in customers handling, in project appraisal and risk analysis, in project monitoring and evaluation and in working in harmony with different people with diverse culture and backgrounds.

Overview

24
24
years of professional experience
6
6
years of post-secondary education
3
3
Languages

Work History

Vice President, Project Financing

Development Bank of Ethiopia
Addis Ababa
05.2017 - Current
  • Demonstrated proficient leadership skills in managing five departments with more than 500 corporate customers.
  • Identified issues with customer relationship, loan processing, workforce and credit recoveries and implemented successful solutions based on monitoring and compliance reports.
  • Spearheaded cross-functional initiatives across departments to achieve business goals for mission achievement and bottom-line profits.
  • Drove meticulous due diligence assessment, project appraisal analysis and credit administration practices.
  • Mitigated regulatory risks by overseeing adherence to compliance and supervisory regulations.
  • Collaborated with senior management to develop strategic initiatives and long term goals.

Director, Branch Operation Department

Development Bank of Ethiopia
Addis Ababa
01.2016 - 04.2017
  • Reviewed proposals presented by branches for decision of executive management on issues related with customer relationship and credit operations.
  • Delegated 110 branches and 12 district offices at head office and made their staffing, credit and financial related issues well attended by executive management.
  • Analyzed and brainstormed annual credit targets and budgetary plans to achieve short and long term business objectives.
  • Maintained frequent interaction with senior management to measure goal achievement and determine areas of improvement to drive successful business.

Director, Internal Audit Department

Development Bank of Ethiopia
Addis Ababa
08.2009 - 08.2014
  • Carried out risk based audit on above 52 work units every year to verify their risks management and compliance with operational standards, policies and procedures and regulatory requirements.
  • Undertook comprehensive audit on financial, credit operation, legal and information technology areas to provide objective assurance to senior management and board of management.
  • Brought dramatic improvements in CAMELS ratings of bank by supervisory organ from 4 (very poor to 2 (very good) within two years through improving auditing and compliance monitoring of audit function.
  • Brainstormed and developed auditing strategies and budgetary plans to well monitor risks and safeguard business.
  • Implemented excellent coaching skill to enhance competency of team of 37 auditors in undertaking systematic auditing and audit follow-up.
  • Maintained frequent interaction with senior management and board of management to measure goal achievement and determine areas of improvement.

Director, Corporate Loan Approval

Development Bank of Ethiopia
Addis Ababa
08.2008 - 07.2009
  • Analyzed and evaluated loan application documents and appraisal reports of corporate loan proposals that value above 25 million ETB each.
  • Deliberated on loan proposals presented for credit underwriting at loan approval committee and passed appropriate decision.
  • Leveraged professional knowledge and experience to improve credit underwriting and credit risk management process.
  • Oversaw loan processing operations and provided corrective feedback to assist credit officers to improve their customer evaluation and appraisal analysis skills.

Branch Manager

Development Bank of Ethiopia
Chiro & Dire Dawa Branches
06.2005 - 07.2008
  • Reduced non-performing loans significantly within two years through maintaining reliable customer relationship and boosting credit recovery by more than 100% of planned target.
  • Examined loan applications and presented with verification and recommendation for approval of loan approval committee.
  • Reviewed loan agreements to control legal risk and monitor compliance with requirements.
  • Upheld strict compliance with guidelines and requirements of regulatory agencies and supervisors.
  • Assessed employee performance and and developed improvement plans to boost skills of employees by training and coaching on procedures and performance strategies.
  • Implemented service improvements to enhance loan processing cycle and credit quality.
  • Met deadlines by proactively managing individual and team tasks and streamlining processes.
  • Generated financial and operational reports to assist senior management with business strategy and decision.
  • Maintained confidentiality of bank records and client information to prevent mishandling of data and potential breaches.
  • Resolved various issues impacting customer handling, loan process and business operations.

Credit Officer

Development Bank of Ethiopia
Assela Branch
08.1996 - 05.2005
  • Optimized credit approval and collection processes by improving operational efficiencies by over 100%.
  • Analyzed applicants' financial status and credit reports and evaluated loan application documents to determine project feasibility.
  • Carried out credit appraisals of loan applications and presented for approval of underwriter with recommendation.
  • Reviewed credit reports, credit references, credit insurance and financial statements to determine credit limits for new clients.
  • Reduced past due balances and bad debt by coordinating loan collection efforts through close follow-up on each loan accounts.
  • Devised credit recovery strategies to resolve customer issues and delinquent cases.
  • Reviewed and verified income, credit reports and employment histories for each borrower.
  • Adhered to banking policies, standards and lending guidelines for loan services.

Education

Master of Arts - Economics of Development

Institute of Social Studies, Erasmus University
The Hague, The Netherlands
09.2014 - 12.2015

Bachelor of Science - Agricultural Economics

Alemaya University of Agriculture
Haromaya, Oromia, Ethiopia
09.1991 - 07.1996

Skills

Organizational leadership

undefined

Accomplishments

  • Demonstrated strong leadership as executive management team to make the Bank successful in its credit operations, profitability by registering more than 100% achievements under each target along with sound compliance with regulatory directives and requirements.
  • Achieved more than 100% loan approval and loan collection performances against planned targets in the past three years through effective customer relationship management and team work.
  • Managed five departments with above 80 staff members mandated to carry out project appraisals, portfolio analysis and property valuation functions.
  • Brought remarkable improvement in project appraisal quality with efficiency by coaching appraisal officers and undertaking in-depth review of appraisal reports.
  • Played significant role in changing CAMELS rating of the bank by regulatory bank from "Deficient" (level 4) to "Satisfactory" (level 2) by improving compliance with regulations and standards through practicing comprehensive internal auditing and audit follow up.
  • Assisted branches to improve their credit operations and financial achievements and to comply with regulations and standards.
  • Developed comprehensive five year strategic plan of the bank in collaboration with other senior management member.

Additional Information

Trainings and Exposure


  • Received several trainings in areas of risk management, governance and leadership, bank and strategic management, team building and change management, project appraisal and financial modeling, corruption prevention and strategies, core banking system and Microsoft Offices, etc.
  • Visited different countries like Portugal, India (2x), China, Belgium, Ireland, Japan, South Korea, South Africa, Bangladesh, Germany for exposure and experiences sharing in areas of governance & leadership, risk management, bank management, development banking and project financing, strategic thinking, etc.


Additional Responsibilities


  • Serves as member of the executive management team that leads the bank and passes corporate decisions on strategic and corporate issues.
  • Delegated the president of the bank in his absence due to various reasons.
  • Deliberated and decided on large scale loans as member of corporate loan approval committee.
  • Assisted in implementation of core banking system, ERP and IFRS implementation projects as member of steering committee.
  • Chaired business process reengineering and balanced score card studies designed to restructure credit process and performance measurement.

Interests

Like travelling and visiting historical sites and passing time with elderly and senior people

Timeline

Vice President, Project Financing

Development Bank of Ethiopia
05.2017 - Current

Director, Branch Operation Department

Development Bank of Ethiopia
01.2016 - 04.2017

Master of Arts - Economics of Development

Institute of Social Studies, Erasmus University
09.2014 - 12.2015

Director, Internal Audit Department

Development Bank of Ethiopia
08.2009 - 08.2014

Director, Corporate Loan Approval

Development Bank of Ethiopia
08.2008 - 07.2009

Branch Manager

Development Bank of Ethiopia
06.2005 - 07.2008

Credit Officer

Development Bank of Ethiopia
08.1996 - 05.2005

Bachelor of Science - Agricultural Economics

Alemaya University of Agriculture
09.1991 - 07.1996
Getachew Wakie BulchaVice President, Project Financing