Credit Analyst 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.

Job Description
KEY PERFORMANCE AREAS

Credit Proposals

• Analyse financial statements, management accounts, VAT returns, and book debts to assess client and guarantor performance.
• Conduct qualitative reviews, market research, and corporate ratings to determine client affordability and risk exposure.
• Prepare comprehensive credit proposals, including financial spreads, sensitivity analyses, and SWOT/risk assessments.
• Gather and verify client information, including business background, credit history, and security details.
• Maintain and update exposure and security reports on internal systems, ensuring data accuracy and compliance.
• Collaborate with Legal and Credit Committees (MCC, ECC, BCC, BOD) by preparing executive summaries and responding to proposal queries.
• Identify and communicate key risks, mitigating factors, and value-added insights in credit submissions.

Analysis of book debt

• Analyse clients’ book debts monthly to assess recoverability and determine updated security values.
• Prepare and maintain book debt schedules, including security valuations and risk ratings.
• Liaise with clients to resolve book debt queries and ensure accurate reporting.
• Provide analysis insights and respond to queries from the Management Credit Committee (MCC)

Trade Review Finance

• Maintain and update trade finance review registers and tracking schedules for all trade and revolving asset facilities.
• Record and monitor key details such as review dates, facility levels, approvals, and submission timelines.
• Track outstanding information for each application and follow up to ensure timely completion and compliance.

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

• Follow up with clients for required financial information and documentation (e.g., statements, VAT returns, and banking details).
• Prepare annual Corporate Murabaha commercial property reviews for submission to the Credit Department.
• Obtain and verify FICA documentation for all clients.
• Prepare facility levels post-approval, load securities, and complete compliance checklists.
• Capture applications on internal banking system and maintain accurate and up-to-date deal files.

Job Requirements
QUALIFICATIONS

• 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.

EXPERIENCE

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

KNOWLEDGE

• Credit Lens
• Ms Office
• IMAL
• TASL (Technical Advance Support Log)
• SharePoint
• Credit Portal

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