Credit Analyst

MAIN FUNCTIONS OF THE JOB INCLUDE:

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.
• Creates a SWOT analysis in order to identify risks associated with clients thus highlights the banks awareness to potential hazards.
• Summarises detailed needs and requirements of clients and comments on utilisation.
• Prepares and updates detailed manual exposure report for Group in terms of security by ensuring securities are correctly loaded, financials are updated on Al Baraka Financial System (AFS), qualitative review status is updated, valuations are up to date and follows up on arrears if applicable.
• 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 summarises for Board Credit Committee (BCC) and Board of Directors (BOD) submissions.
• Value added / innovation / risk assessment incorporated in credit reports.

Analysis of Book Debts

• Conducts analysis of book debts on a monthly basis for clients, whose cession of book debts are held as security which entails liaising with clients to determine recoverability of book debt balances that are outstanding.
• Determines updated book debt security amounts and updates on the system.
• Prepares book debt pack schedules which entails security values for each client and risk rating monthly.
• Responds to queries on the analysis raised by the Management Credit Committee (MCC).

Trade Finance Reviews

• Maintains and updates trade review lists and registers for all trade and revolving asset facilities by updating review dates, level of facilities, ECCM approval dates, date review letter submitted and includes updating for all new clients.
• Maintains and updates Corporate tracking schedule which includes clients name, date submitted, purpose of application, ECC date approved/declined, next review date and facility amount approved.
• Maintains and updates outstanding information lists for each application and subsequent follow up.

Review Letters

• Prepares trade review letters requesting financial information from clients and/or the clients accountants for annual trade reviews.
• Follows up on receipt of letters and submission of information on an ongoing basis.

General

• Follows up on financial information required from clients such as financial statements, management accounts, VAT returns, Assets and Liabilities statements, Income and Expenditure statements, Banking details and queries relating to financial statements, etc.
• Prepares annual Corporate Murabaha commercial property reviews and submits to Credit department.

QUALIFICATIONS

• A degree or Relevant Qualifications in 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

• Ms Office
• Credit Policies and Procedures
• Shariah Banking principles
• Banks policies and procedures
• Basic knowledge on the Banks Products and Services
• Finance and Accounting

Al Baraka Bank is an Equal Opportunity Employer. Applicants from the previously disadvantaged groups and people with disabilities will be given preference.