Details

Salary and Benefits

MVR 35,500 - MVR 37,500

Job Description

TERMS OF REFERENCE (TOR)

 

 

Post:                                     Head of Credit

No of Vacancies:           01                    

Post Type:                        Full time

Department:                   Credit Department          

Reporting to:                 Chief Credit Officer

 

Key tasks, responsibilities and deliverables: 

• Lead and actively guide the credit team to facilitate good credit analysis and adherence to credit policy guidelines and other regulatory requirements. 
• Review credit proposals and place for a credit decision to appropriate approval authorities  
• Manage credit team and staff performance and provide for ongoing training and staff development.
• Review creditworthiness of a small or medium sized business with emphasis on capacity to borrow, repayment capability, financial ratio analysis, profile of the business and available securities.  
• Conducting research on a continuous basis on major industries and use external data to develop benchmarks for comparing performance and capacity of SME businesses.  
• Identify potential SME segments and design appropriate products. 
• Generate and update various portfolio related MIS for the Management  
• Conducting visits to customers to have better understanding of business cycle, judge feasibility of proposed project, verify the profitability of the business before finalizing the proposal.  
• Responsible for periodic review and evaluation of existing customers based on qualitative and quantitative framework and take appropriate actions. 
• Co-ordinate with Recovery and legal staff in recovery of high risk and problematic loans 
• Liaise with other departments for achievement of common goals of the Corporation.  
• Provide support on ad hoc requests as required by the Management.  

Requirements and Qualifications: 

• MQA level 07 qualification of Business/Economics/Finance/Banking with Minimum 12 years’ experience in relevant field, of which 02 years in managerial level. OR,
• MQA level 09 qualification of Business/ Economics /Finance/Banking with Minimum 07 years’ experience in relevant field, of which 02 years in managerial level.  OR,
• 15 years’ 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 local business environment and supply chain.
• Excellent interpersonal and communication skills.  
• Excellent computer skills including processing of word documents, spreadsheets and databases. 
• Familiarity with trade, economic development, and development of private sector in the Maldives. 
• Experience in the banking or financial services industry would be an added advantage.

Remuneration package:

• Gross pay between MVR 35,500 – MVR 37,500 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 from 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-head-of-credit3 before 25th November2021, 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 interview.

For inquiries, please contact us on weekdays between 9:00am to 14:00pm via phone 3026015 / 3026016 or email to hr@sdfc.mv 

Requirements and Qualifications

Minimum Experience

Not Specified