Offsite Credit Analyst – Independent Contractor (Kwazulu Natal) needed at Al Baraka Bank South Africa

CORE PURPOSE OF THE JOB

•  To provide for the preparation of Credit proposals required by the Executive Credit Committee, encompassing the analysis of clients’ financial position in order to determine whether or not Finance can be extended for assets and/or trade.

Credit Proposals

• Analysis of financial statements and management accounts in order to assess financial performance of applicants as well as guarantor entities which includes preparation of Income Statement, Balance sheet spread and consolidation of Information where applicable
• Analysis of Value Added Tax (VAT) returns and book debts
• Research market trends, perform qualitative reviews, corporate ratings and determines affordability of repayments
• Obtains information on clients’ background, nature of business, location, Management, customer and supplier information
• Requests Kreditin form report to determine clients Credit history, bank reports and security confirmations if it is related to a trade client
• Capture information relating to credit applications on CREDITLENS system
• Creates a SWOT analysis in order to identify risks associated with clients thus highlights the banks awareness to potential hazards
• Summarizes detailed needs and requirements of clients and comments on utilization
• Prepares and updates detailed manual exposure report for Group in terms of security.
• Provides sensitivity analysis for each application within the proposal
• Prepares information sheet and requests Trust reviews from Legal department
• Identifies risks with respect to client and/or Industry and mitigating factors
• Responds to queries made by Management Credit Committee (MCC), Executive Credit Committee (ECC), Board Credit Committee (BCC) and Board of Directors (BOD) relating to the proposal as and when required
• Prepares Executive summaries for Board Credit Committee (BCC) and Board of Directors (BOD) submissions
• Value added / innovation / risk assessment incorporated in credit reports

Administration

• Liaising with clients (request of information/providing feedback when necessary)
• Timeous completion and completeness of decision pack

RequirementsQUALIFICATIONS 

• A degree or Relevant Qualifications in Finance / Accounting will be required in order to meet the requirements of the role at the highest level of competence

 PREFERRED EXPERIENCE 

• A minimum of 2-3 years’ experience in the Finance/ Accounting environment

KNOWLEDGE 

• Credit Lens
• IMAL
• Ms Office
• Knowledge of the following:
• Credit Policies and Procedures
• Shariah Banking principles
• Banks policies and procedures
• Basic knowledge on the Banks Products and Services
• Finance and Accounting