Jobs

Salary
MVR 27,500 - MVR 29,500

Details

Salary and Benefits
MVR 27,500 - MVR 29,500
Job Description

TERMS OF REFERENCE (TOR)

Post:                               Loan Administration Manager

No of Vacancies:          01                    

Post Type:                      Full time

Department:                  Loan Administration Department          

Reporting to:                 Chief Credit Officer

 

Key tasks, responsibilities and deliverables: 

  • Plan, direct and control the loan service team in managing the daily administration for loan.
  • Responsible to ensure a smooth, efficient credit administration process which involves sanctioning of loan documents preparation of mortgage documents as well as disbursing the loans.
  • Ensure that loan disbursement and necessary posting are done to the relevant accounts in accordance with the policy and procedure of the Corporation.
  • Ensure that loan disbursements are done on a timely basis.
  • Checking the necessary posting of loan disbursement and transactions are done to the relevant accounts.
  • Ensure that the loan administration team comply with SDFC’s policies to carry out credit administration works including documentation and mortgage registration, disbursements etc.
  • Responsible for collateral monitoring, credit monitoring and periodic review of other loan.
  • Documentation activities and escalates any irregularities to higher authority level.
  • Formulate, develop and conduct period reviews of SDFC’s policies and guideline related to credit administration to streamline process workflows as well as participate in ad hoc projects of investigative or trouble-shooting nature on specific customer portfolio.
  • Ensure that there is a robust framework in place for the safe custody and control of all documentation.
  • Maintain a system for monitoring of insurance policies related to loans.
  • Work with other functional areas to minimize processing time, to improve the overall customer experience and at the same time pay attention to accuracy and detail.
  • Establish and maintain efficient filing system.
  • Preparing of reports required by the senior Management and Board.
  • Provide support on ad hoc requests as required by the Management.

Requirements and Qualifications: 

  • MQA level 7 qualification of Business/Economics/Finance/Banking with Minimum 6 years’ experience in relevant field. OR,
  • MQA level 9 qualification of Business/ Economics /Finance/Banking with Minimum 04 years’ experience in relevant field. OR,
  • 9 years’ experience in relevant field.

Other Competencies required: 

  • Strong analytical, problem-solving and decision-making skills with the ability to adapt to change.   
  • In-depth knowledge of local business environment and supply chain.
  • Excellent interpersonal and communication skills.  
  • Excellent computer skills including processing of word documents, spreadsheets and databases. 
  • Familiarity with trade, economic development, and development of private sector in the Maldives. 
  • A track record which demonstrates expertise in Loan Administration would be an added advantage.
  • Experience in the banking or financial services industry would be an added advantage.

Remuneration package:

  • Gross pay between MVR 27,500 – MVR 29,500 depending on the Qualification and Experience.

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 from 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 for interview.

 

For inquiries, please contact us on weekdays between 9:00am to 14:00pm via phone 3026015 / 3026016 or email to [email protected] 

Requirements and Qualifications

Minimum Experience
Not Specified
Published Date
22 November 2021
Expiry Date
28 November 2021