Details

Salary and Benefits

MVR 14,500 - MVR 20,500

Job Description

TERMS OF REFERENCE (TOR) 

 

 

Post: Credit Analyst (Senior Officer/Officer) 

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, understanding the revenue models, management capability, and the 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 a credit decision to the appropriate approval authority after a thorough credit analysis of the loan application. 
• Perform periodic review and evaluation 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 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 to review and determine areas for process improvements.  
• Conducting research on a continuous basis on major industries and using 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 for ad hoc requests as required by the Management.  

 

 

 

Requirements and Qualifications:  

 

• MQA level 7 or 8 qualification of Business/Economics/Finance/Banking.  
• MQA level 5 or 6 qualifications of Business/ Economics /Finance/Banking with Minimum 01-year 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 the local business environment and supply chain.  
• Excellent interpersonal and communication skills.    
• Excellent computer skills including processing 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 is between MVR 14,500 – MVR 20,500 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 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:   

• Required documents should be submitted using the link before   https://sdfcmv.aidaform.com/job-application-form-senior-credit-analyst9 12th December  2023, 14:00hours.  

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 an interview.  

 

For inquiries, please contact us on weekdays between 9:00 am to 14:00 pm via phone 3026016 / 3026018 or email to [email protected]  

Requirements and Qualifications

Minimum Experience

Not Specified