Vacancies at Al Baraka Bank South Africa

MAIN FUNCTIONS OF THE JOB

Office Administration

• Orders the required consumables and/or any other items as required for the branch
• Arranges appointments and updates the Corporate Manager and Relationship Managers diary as and if required
• Responds to emails internally to respective departments as well as external mail to clients timeously
• Orders stationery as and when required by corporate staff
• Updates Corporate client’s database with regards to the Top clients
• Requests from the finance department settlement figures as per client request, and logs accordingly once settled
• Extracts statements as per client requests, and liaise with clients regarding any statement queries
• Liaises with Conveyancing department in respect of bond cancellations, release of title deed as well as requests release of original logbooks as each deal is settled or requested by client.
• Requests and follows up on audit certificates and bank confirmations as and when required, and ensures fees are received for same

Sales Administration

• Requests and collates FICA information from clients and submits same to the technical support team timeously
• Attends to any debit order queries received, and logs any changes/suspensions with the Advances Technical Support Team timeously
• Assists clients with any deal related queries
• Logs and attends to any reimbursements and/or reconciliation requests with the Central Ops Debtors Team when required
• Ensures all fees/deposits/settlements are allocated to the correct account by submitting same to BSA Allocations team
• Any allocation queries received from BSA -Central Operations to be attended to
• Prints all legal agreements and relevant documents pertaining to deals for the respective managers (if required)
• Uploads to Advances Technical Support log timeously for all revolving asset facilities and once -off motor vehicle and equipment facilities
• Ensure all conditions, fees and payments are logged onto the Advances Technical Support
• Ensure all legal agreements and documents pertaining to deals are signed correctly and dispatched timeously
• Upload of Musharaka Sale of Units document onto Credit Work Log
• Attends to valuation quotes and instructions, ensuring all requests are followed up
• Reconciles Valuator Statements on a monthly basis and facilitates payments monthly
• Assists in preparing trade and asset Review letters as and when required

General

• Create /Assist with regards to Decision pack once approval received and request facility letter on TASL.
• Create / Assist  STC packs and upload to TASL.
• Create / Assist Payment packs and submit payments for murabaha deals.
• Provide MV proxy packs.
• Manual fee invoices/journals drafted, where applicable
• Completing Pipeline report 

 Back Office Support

• Assists the Credit Analyst and Corporate Operations Supervisor in general administrative tasks daily
• Attends to adhoc tasks allocated by the Corporate Managers

Requirements

QUALIFICATIONS

• Matric
• Relevant Diploma/Degree will be an advantage
• Computer skills

PREFERRED EXPERIENCE

• At least 1 years’ experience within a Financial Services institution
• General banking experience would be an advantage

KNOWLEDGE

• iMAL system.
• Enterprise
• Docuware
• Microsoft Office at an intermediate level.
• Bank Procedures.
• Credit Policies and Procedures.
• National Credit Act (NCA).
• Strong administrative skills.
• Financial Intelligent Centre Act (FICA) policies & procedures.
• Knowledge in Shariah laws and principles
• Knowledge on Banks products and services

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MAIN FUNCTIONS OF THE JOB INCLUDE

PRE - VETTING APPLICATIONS

• Review and analyse finance applications within the mandates of Executive Credit Committee (ECC), Senior Management Credit Committee (SMCC), and Management Credit Committee (MCC).
• Assess credit risks, ensure compliance with regulatory and internal policies, and make recommendations for management approval.
• Board Credit Committee (BCC) Submissions: Prepare and submit applications to the BCC and Board of Directors (BOD) for approval.
• Compile necessary documentation and ensure all queries are addressed promptly.

PROJECTS

• Involved with credit related projects.

INTERNAL & EXTERNAL AUDITORS

• Coordinate with internal and external auditors, providing necessary information and addressing audit queries promptly.
• Prepare submissions for audits and ensure compliance with audit recommendations.

REPORTING

• Preparation of reports to Board Credit Committee.
• Ensure accuracy and completeness of reports.
• Ensure that book debts are submitted timeously from Branches

CREDIT AWARENESS TRAINING

• Conduct credit awareness sessions and training for sales and credit staff on amended regulations, internal policies, and procedures.
• Prepare presentations and materials as required.

Requirements

QUALIFICATIONS  

• A Bachelor of Commerce degree in Accounting or Finance

PREFERRED EXPERIENCE

• At least 2 years’ experience in the Banking industry, specifically with Credit / Accounting experience.

KNOWLEDGE

• Proficient in MS Excel, Word, PowerPoint
• CreditLens System
• Imal
• PowerBI
• Credit policies and procedures
• National Credit Act
• All Credit related legislation

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MAINFUNCTIONS OF THE JOB INCLUDE:

SeniorManagement Credit Committee / Management Credit Committee – Vetting of Applications & Review of valuation templates

• Reviewing and analysing applications within MCC and SMCC mandates, assessing credit risk and ensuring that all regulatory requirements (NCA, Companies Act, etc.) and internal policies (Credit Policy) are adhered to for recommendation to Management.
• Processing, extracting and analysing information from the Credit Lens System, ensuring that information is accurately captured to obtain an appropriate credit rating. 
• Effectively managing the credit application workflow on the Apply for Finance Platform to ensure timeous and accurate decisions are provided to the respective branches. 
• Reviewing applications on the Apply for Finance Platform to ensure compliance with policy requirements, identify potential risks and assess overall creditworthiness. 
• Reviewing responses to query memos to ensure that all queries have been adequately addressed. 
• Reviewing residential property valuations and valuation review templates to determine whether the property is an adequate form of collateral. 
• Identifying risk areas and administrative issues on valuation review templates. 

Executive Credit committee – minutes

• Vetting applications for revolving trade and asset facilities. 
• Attending Trade ECC meetings on a rotational basis and reviewing the minutes prepared by the secretary for accuracy and completeness. 

Administration of Quarterly BCC & BOD Meetings

• Preparing Board Credit Committee submissions on a quarterly basis. 
• Reviewing completed and consolidated finance applications and decisions. 
• Reviewing reports relating to finance applications approved by ECC, as well as Motor Vehicle and Equipment submissions for condonation to BCC.

Internal & External Auditors

• Liaising with internal auditors regarding information requests. 
• Overseeing requests for quarterly information from external auditors. 
• Preparing and compiling annual submissions requested by ABG, liaising with ABG auditors regarding information provided and attending to all audit-related queries. 
• Following up with respective branches regarding audit queries. 
• Overseeing items on the Audit Control Issues Log to ensure implementation and actioning of outstanding matters. 

Financial Sector Charter (FSC)

• Preparing and compiling information required for the Empowerment Finance element of the FSC. (This information contributes to the Bank obtaining its BEE status.) 
• Attending meetings as and when required by the FSC project team, representing the Credit Department. 
• Liaising with auditors regarding queries and interpretation issues relating to FSC scoring.

Credit Policies and Procedures 

• Creating, reviewing and enhancing Credit Policies and Procedures for submission to the BCC and BOD for approval.

Other Functions / General 

• Completing various administrative and operational tasks allocated within the department from time to time (Meeting Attendance, iMal Excesses & Block-Offs, iMal System Flagging / Updates, etc.). 
• Allocating MCC and SMCC applications to the respective analysts for review via the Apply for Finance Platform and SharePoint, updating the approval register and maintaining decision records on SharePoint where required. 
• Verifying that information submitted to HLAMDA is correct and supported by the relevant documentation. 
• Reconciling and maintaining Forward Exchange Contracts managed on SharePoint. 
• Performing other ad hoc tasks and duties as required by management. 

Credit Awareness Sessions / Training  

• Conducting and presenting Credit Awareness Sessions on a regular basis, including communication of amendments to credit regulations, internal policies, procedures and items raised by ECC to all Sales and Credit staff across the branch network. 
• Preparing PowerPoint presentations for Credit Awareness Sessions and other training initiatives as directed by Credit Management. 

Requirements

QUALIFICATIONS

• A Bachelor of Commerce degree in Accounting or Finance

PREFERRED EXPERIENCE

• At least 2 years’ experience in the Banking industry, specifically with Credit / Accounting experience.

KNOWLEDGE

• iMal 
• Microsoft Office Suite (advanced proficiency in Word, Excel and PowerPoint) 
• Credit Lens System 
• Credit Policies and Procedures 
• Credit-related legislation 
• National Credit Act (NCA) 
• Apply for Finance Platform 
• Credit risk assessment and financial statement analysis.