Details

Salary and Benefits

MVR 27,500 - MVR 29,500

Job Description

TERMS OF REFERENCE (TOR)

Post:                               Loan Administration Manager

No of Vacancies:          01                    

Post Type:                      Full time

Department:                  Loan Administration Department          

Reporting to:                 Chief Credit Officer

 

Key tasks, responsibilities and deliverables: 

• Plan, direct and control the loan service team in managing the daily administration for loan.
• Responsible to ensure a smooth, efficient credit administration process which involves sanctioning of loan documents preparation of mortgage documents as well as disbursing the loans.
• Ensure that loan disbursement and necessary posting are done to the relevant accounts in accordance with the policy and procedure of the Corporation.
• Ensure that loan disbursements are done on a timely basis.
• Checking the necessary posting of loan disbursement and transactions are done to the relevant accounts.
• Ensure that the loan administration team comply with SDFC’s policies to carry out credit administration works including documentation and mortgage registration, disbursements etc.
• Responsible for collateral monitoring, credit monitoring and periodic review of other loan.
• Documentation activities and escalates any irregularities to higher authority level.
• Formulate, develop and conduct period reviews of SDFC’s policies and guideline related to credit administration to streamline process workflows as well as participate in ad hoc projects of investigative or trouble-shooting nature on specific customer portfolio.
• Ensure that there is a robust framework in place for the safe custody and control of all documentation.
• Maintain a system for monitoring of insurance policies related to loans.
• Work with other functional areas to minimize processing time, to improve the overall customer experience and at the same time pay attention to accuracy and detail.
• Establish and maintain efficient filing system.
• Preparing of reports required by the senior Management and Board.
• Provide support on ad hoc requests as required by the Management.

Requirements and Qualifications: 

• MQA level 7 qualification of Business/Economics/Finance/Banking with Minimum 6 years’ experience in relevant field. OR,
• MQA level 9 qualification of Business/ Economics /Finance/Banking with Minimum 04 years’ experience in relevant field. OR,

• 9 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. 
• A track record which demonstrates expertise in Loan Administration would be an added advantage.
• Experience in the banking or financial services industry would be an added advantage.

Remuneration package:

• Gross pay between MVR 27,500 – MVR 29,500 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-loan-administration-manager before 28th November 2021, 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