Job Summary

Commercial bank innovation Services is looking to hire a Credit officer. The Credit Officer position is accountable for the entire credit granting and monitoring process, including the consistent application of credit policy/criteria, Approved Company List management for Retail Lending, assessment of the creditworthiness of potential customers, CPV function monitoring, periodic credit reviews of existing portfolios by in depth analysis and provide feedback on the performance of the policies

Key Accountabilities

Retail Credit Operations

• Conduct underwriting activities (i.e., analysing credit applications, reviewing credit bureau reports, deciding/recommending loan applications) and ensure quality and adherence to credit policies/criteria.
• Maintain the Approved List of Companies for Retail Lending
• Conduct post review on applications approved by business and highlight the errors to the business as a part of ongoing training and to reduce the error rate to 0%.
• Attending Business enquiries related to various product policies.

Support in Enhancing Retail Lending automation projects 

Other Accountabilities

Credit Monitoring

• Identify and report early warning signs of deterioration and follow up with relevant business counterparts in order to proactively deal with any issues.
• Prepare required reports and dashboards including financing volume reports for use in planning, forecasting and performance monitoring.
• Review and propose policy/criteria change as and when needed.
• Monitor and control performance of product campaigns
• Monitor Employer level performance and recommend appropriate action

Skills

Qualification and Experience

Minimum Qualifications:

• Bachelor degree in business-related major or equivalent AND
• A globally recognised post-graduate degree or equivalent professional qualifications from a globally recognised institute in area of finance, economics and accounting (e.g. CFA, CA, CIMA, MBA) + Credit or Risk qualification from Banking bodies or FRM or PRM is preferable.

Minimum Experience:

• Around 3 – 5 years of relevant experience in corporate banking and corporate credit functions including at least 5 years in positions of progressively increasing managerial responsibilities.
• 2-3 years of local / GCC experience would be a big advantage indicating deep understanding of Gulf based corporate business clients, economic sectors, macro-economic factors and related country risks.
• Fair understanding of / experience in assessing contract finance, real estate finance, corporate banking (big, mid and SME) as well as Factoring / Trade Finance proposals;

Key Interactions

All related Department Heads and Staffs.

Competencies

• Adaptability/Flexibility
• Creativity/Innovation
• Decision Making/Judgment
• Dependability
• Initiative
• Integrity/Ethics
• Personal Organization
• Planning
• Problem Solving/Analysis
• Process transaction vouchers received from various Departments (internal)
• Productivity
• Quality
• Receipt and verify the posting and payroll documents received
• Results Focus
• Self Development
• Sense of Urgency
• Strategic Thinking/Management
• Summary
• Vision and Values

Skills

• Ability to interact with internal and external stakeholders
• Ability to work under pressure
• Arabic speaking preferred
• Awareness of local cultural and social factors, and labour law provisions
• Bilingual (Arabic & English)
• Bilingual language skills in English and Arabic
• Knowledge of various aspects government requirements and processes of visas, work permits, medical clearance etc
• Numerical skills
• Proficiency in oral and written English & Arabic (Preferred).
• Proficiency in written and spoken English
• Risk Management
• Time Management skills

Education

• Bachelor’s Degree, preferably in Business-related major