Fresh Jobs 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

go to method of application »

• To market and sell the Bank’s Deposits, Wealth Management, Wills and Transactional Banking (Individuals) within the respective region by providing excellent service to customers and adherence to the banks policies and procedures.

Job Description

KEY PERFORMANCE AREAS

Deposits

• Ensures monthly sales targets are achieved by effectively promoting the Bank’s deposit products.
• Completes and submits all applications for clients
• Undertakes for all administrative requirements as per bank’s policy
• Submits completed applications for checking by COB.
• Captures client information on the relevant computer system
• Ensures client signs legal documentation
• Receives Insurance confirmations and handles queries that may arise from brokers
• Ensures that the correct advice is given to the client and a needs analysis is conducted in order to ensure that the correct product is recommended.

Wealth Management

• Conduct marketing and sales of all unit trust and Wills products.
• Ensures Wealth Management Sales budgets are met
• Provides clients with efficient service and professional advice on the products.
• Ensure that all applications forms are completed, and correspondence is provided to the Client.
• Engage in marketing activities hosted by the Bank
• Ensure that regular contact sessions are held with Clients, thereby keeping them abreast of their investment portfolios and explore further investment opportunities with Clients.
• Ensures that the relevant forms are submitted to the third-party unit trust company i.e Old Mutual timeously and that all FICA and compliance is done before opening these accounts.
• Ensures that the correct advice is given to the client and a needs analysis is conducted in order to ensure that the correct product is recommended.
• Facilitates the opening of performance guarantees for clients by following the process and liaising with the legal department.

Transactional Banking

• Markets and sells the Bank’s Transactional Banking products to individuals.
• Grows the Banks Transactional Banking Deposit book by sourcing new clients as well as servicing existing clients.
• Ensures Transactional Banking Sales budgets are met
• Facilitates meetings and introductions with clients
• Communicates with clients i.e. function planning, mailshots etc
• Keeps up to date with Transactional Banking product ranges and pricing of Al Baraka Banks products
• Keep abreast of competitor products, services and fees and make recommendations to the Bank accordingly.
• Proactively monitors client’s usage of Transactional Banking products and provide support on the enhancement of their usage of the product.
• Ensures that the clients are aware of the Mobile Banking App and provides training in this regard.

Sales and Marketing

• Attend to new clients by offering them the Banks Products as well as servicing existing clients and offer additional services.
• Meets with clients at their convenience at the Branch or at clients premises
• Markets and sells the Banks products
• Conducts a needs analysis on products and services in order to make   recommendations to clients.
• Offers Investment advice to clients based on their needs
• Discusses banks investment, wealth management, transactional banking, wills and services including performance guarantees to clients
• Ensures all requirements are met in order to conclude the transaction

Client Relationship

• Develops constructive and cooperative working relationship with clients, and maintaining them over time
• Attends to all clients’ Investment requests and queries
• Provides an efficient and effective service to all clients at all times in order to promote the Banks services
• Manages/Handles difficult client queries via face-to-face communication with walk in clients or by visiting clients and addresses client concerns by listening to any concerns/complaints in an efficient and appropriate manner in line with the professional image of the bank and providing an effective solution to the benefit of both the bank and the client

Job Requirements

• A B.Com degree or Relevant Qualifications will be required in order to meet the requirements of the role at the highest level of competence.
• A minimum level of NQF5 is a prerequisite for this position.          
• Required to be FAIS (Financial Advisory and Intermediary Services Act) compliant
• Driver’s licence

EXPERIENCE

• Minimum of 3 years’ experience within a financial services institution in a Sales position.
• General banking experience would be an advantage