Details

Salary and Benefits

MVR 18,000 - MVR 20,000

Job Description

Housing Development Finance Corporation (HDFC) PLC, established in January 2004, is the only specialized housing finance institution in the Maldives. HDFC is a privatized company with International Shareholders represented by the International Finance Corporation (IFC of World Bank Group), Asian Development Bank, and HDFC Bank Ltd. of India, jointly holding 51% of shares.

Job Title:  Credit Analyst  

Department: Credit

Job Type: Contract (Full-Time)

Term of Contract: 12 months (Based on performance employee will be given a permanent contract)

Vacancies: 01

 

Job Description

Credit Application Review:

•  Review and analyse credit applications to assess risk and creditworthiness.
•  Place credit decisions with the appropriate approval authority after thorough evaluation.

Evaluation Process Oversight:

• Oversee the entire evaluation process of loan applications to ensure compliance with company policies and guidelines.
• Ensure that the technical sections of loan applications comply with established standards.

Loan Evaluation and Disbursement:

• Review disbursements and evaluate loan applications to ensure sound lending practices.
• Counsel clients on policies and restrictions in line with HDFC credit underwriting guidelines.

Reporting and Documentation:

• Prepare Grace Reports to provide timely updates on loan applications and evaluations.
• Maintain an up-to-date loan portfolio and database, ensuring accuracy and completeness.
• Generate monthly performance reports on accounts and prepare Monthly CRIB reports for management.
• Prepare compliance-related reports and contribute to the Annual Performance Report for Management.

Process Improvement:

• Involve in establishing new procedures, assessing gaps in policies and procedures, and recommending improvements as needed.
• Undertake additional responsibilities as assigned by the line manager, department, or management.

Qualifications and Skills

Educational Requirement

• Bachelor’s degree in business administration, management, Finance, banking.

Experience

• 2 years of experience in business, finance, administration or related roles.
• Prior experience in credit analysis is preferred.

Skills

• Strong analytical and attention to detail
• Excellent communication and interpersonal skills.
• Ability to work independently and as part of a team.
• Knowledge of credit risk assessment methodologies is an advantage

Salary: Salary ranging from MVR 18,000 to 20,000, commensurate with qualifications and experience.

Other Benefits:

• Staff Health Insurance Plan
• Staff Loan Scheme
• Annual Bonus

Working Hours: The selected candidate will be required to work from 08:00 to 16:00 hrs., from Sunday – Thursday.

Documents Required:

• Interested candidates are requested to fill the application form and submit the requested documents.

https://form.jotform.com/243588907905471

Deadline for Application submission: On or before 18th February 2025, 2:30 PM

Note: Only shortlisted candidates will be contacted for interview.

 

Human Resource Department

Housing Development Finance Corporation Plc., 3rd Floor,

Tel: +960 3334666; Fax: +960 3315138; email: hr@hdfc.com.mv

 

Requirements and Qualifications

Minimum Experience

Not Specified

Other Information

Employment Types

• Full-Time