Details

Salary and Benefits

ރުފިޔާ 15,500 - ރުފިޔާ 16,400

Job Description

Post:                              Credit Analyst

No of Vacancies:         01                    

Post Type:                    Full time

Department:                Credit Department - Credit Evaluation Unit

Reporting to:               Manager - Credit Evaluation Unit

 

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 proactive 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 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 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 5 or 6 qualifications of Business/ Economics /Finance/Banking with Minimum 02-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 between MVR 15,500 – MVR 16,400 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:

• Required documents should be submitted using the link: https://sdfcmv.aidaform.com/job-application-form-credit-analyst-copy before 28th August 2025, 14:00 hrs.

Important notes for 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 8:30 am to 14:00pm via 1613 or email to careers@sdfc.mv 

Requirements and Qualifications

Minimum Experience

Not Specified