TERMS OF REFERENCE (TOR)
Post: Senior Credit Analyst
No of Vacancies: 02
Post Type: Full time
Department: Credit Department
Reporting to: Head of Credit
Key Tasks, Responsibilities, and Deliverables:
- Identify potential SME businesses and assess the creditworthiness of a small or medium-sized business with emphasis on the capacity to borrow, repayment capability, financial ratio analysis, the profile of the business, and available securities.
- Evaluating the commercial feasibility of SME loan proposals by analyzing the business model, identifying strengths, weaknesses, risks, and understanding the revenue models, management capability, and corporate structure of the businesses.
- Conducting visits to customers to have a better understanding of the business cycle, judge the feasibility of the proposed transaction, and verify the business viability before finalizing the proposal.
- Placing for a credit decision to the appropriate approval authority after a thorough credit analysis of the loan application.
- Perform periodic reviews and evaluations of existing customers based on the qualitative and quantitative framework and recommend appropriate actions to the management.
- Follow-up with delinquent customers.
- Co-ordinate with Recovery and legal staff in the recovery of high-risk and problematic loans.
- Monitoring of asset portfolio to generate early warning signals, potential areas to focus on, and recommend pro-active measures to the management.
- Ensuring that the Corporation’s policies and procedures are followed in credit underwriting and approval, verification, and any exceptions are regularly reported to the management.
- Involved in establishing new procedures and assessing gaps in policies and procedures and recommending improvements from time to time.
- Monitoring financial regulations set by MMA that are relevant to the Corporation and suggesting appropriate actions to the Management.
- Participation in internal meetings for review and determining areas for process improvements.
- Conduct research on a continuous basis on major industries and use external data to develop benchmarks for comparing the performance and capacity of SME businesses.
- Generate and update various portfolio-related MIS for the Management.
- Advise the Management in formulating criteria for new products and involve in the development of new products.
- Liaison with other departments for the achievement of common goals of the Corporation
- Provide support on ad hoc requests as required by the Management.
Requirements:
- MQA level 7 or 8 qualifications of Business/Economics/Finance/Banking. OR,
- MQA level 5 or 6 qualifications of Business/ Economics /Finance/Banking with a Minimum of 05 years of experience in a relevant field.
Other Competencies required:
- Strong analytical, problem-solving, and decision-making skills with the ability to adapt to change.
- In-depth knowledge of the local business environment and supply chain.
- Excellent interpersonal and communication skills.
- Excellent computer skills including the processing of word documents, spreadsheets, and databases.
- Familiarity with trade, economic development, and development of the private sector in the Maldives.
- Experience in the banking or financial services industry would be an added advantage.
Remuneration Package:
- Gross pay between MVR 19,500 – MVR 20,500 depending on the Qualification and Experience.
Other benefits:
- Health Insurance as per company policy.
- Training and development opportunities.
Working Hours:
- The selected applicant will be required to work from 0800 to 1600 on weekdays.
Documents required with the job application:
- Complete and up-to-date Curriculum Vitae (CV).
- Copy of National Identity Card.
- Copies of academic certificates with transcripts.
- All international certificates must be accredited by MQA.
- Reference letters from current/ previous employers certifying type of employment, job roles, and service period.
- Recommendation letters from previous supervisors or employers (optional).
How to Apply:
Important notes to applicants:
- Incomplete applications will be rejected without further notice.
- Applications should be submitted only via the given link, applications received via email will be rejected.
- Only short-listed candidates will be notified of the interview.
For inquiries, please contact us on weekdays between 9:00 am to 14:00pm via phone at 3026016 / 3026018 or email to [email protected]