Details

Salary and Benefits

Negotiable Salary

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 Officer

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 Assessment and Processing:

• Evaluate Facility applications by analyzing financial statements, credit history, and risk factors.
• Conduct due diligence to ensure applicants meet eligibility criteria.
• Verify customer information, including income sources, liabilities, and repayment capacity.
• Prepare detailed credit reports and recommendations for approval.
• Issuance of offer letters to customers within the stipulated timeframe.

Facility Underwriting and Approval:

• Assess the creditworthiness of applicants and provide recommendations to the credit committee.
• Ensure facility proposals align with internal policies and regulatory requirements.
• Assist in structuring facility terms and conditions to minimize risk.

Customer Service and Relationship Management:

• Provide guidance to customers on facility products and financing options.
• Address customer inquiries, resolve issues related to credit applications, and issue reference letters.

• Develop strong client relationships to enhance customer retention.
• Monitor the performance of assigned facilities during the grace period, and communicate with customers both verbally and in writing, as required by company policies

Reporting and Compliance:

• Maintain accurate records of facility approvals, disbursements, and the archiving of all assigned applications.
• Assist in preparing regular reports on credit performance.
• Ensure adherence to company policies, risk frameworks, and regulatory guidelines.
• Assist in conducting the annual diagnostic review of the mortgaged asset.
• Assist in designing housing finance products to suit the different housing market segments.
• Assist in conducting market surveys as required by the department.

Qualifications and Skills

Educational Requirement

• Bachelor’s degree or Diploma in a related field.

Experience

• Work experience in the banking and finance sector will be an added advantage.

Skills

• Good analytical and decision-making skills
• Should be an effectual communicator verbally and through writing skills
• Ability to work under pressure
• Competent with General Office Software

Salary: Salary ranging from MVR 11,000 to 13,000, 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

Note: Applications will be only accepted through the above form.

Deadline for Application submission: On or before 24th March 2025, 12:30 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
• Contract