Details

Salary and Benefits

MVR 15,500 - MVR 16,400

Job Description

TERMS OF REFERENCE (TOR)

Post: Credit Analyst
No of Vacancies: 03                    
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 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 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-analyst03   before 26th January 2025, 14:00hours.

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 9:00 am to 14:00pm via 1613 or email
to careers@sdfc.mv

Requirements and Qualifications

Minimum Experience

Not Specified