|Date Posted:||Nov 2, 2019|
|Closing Date:||Nov 16, 2019|
|Work Type:||Full Time|
|Number of Vacancies:||5|
|Functional Area:||Business Administration|
|Salary Range:||As per company salary scaleAF|
|Years of Experience:||2 - 3 Years|
|Contract Duration:||Not specified|
|Probation Period:||3 months|
The First Microfinance Bank - Afghanistan.
Founded in 2004, The First Microfinance Bank - Afghanistan (FMFB-A) is part of the Aga Khan Agency for Microfinance (AKAM), which has programmes in over 10 countries throughout the developing world. FMFB-A's vision is to be recognized as the leading microfinance services provider contributing to poverty alleviation and economic development through the provision of sustainable financial services primarily targeting micro/small businesses and households. The bank provides credit and deposit products to a wide range of clients including micro, small and medium enterprises along with commercial banking and international remittance services.
The bank is also a member of the Global Alliance for Banking on Values (GABV) - an independent network of banks using finance to deliver sustainable economic, social and environmental development. Our values-based banking agenda focuses on providing affordable financial services that promote entrepreneurship, agriculture, incremental housing and clean energy in Afghanistan.
With over 1,100 employees, FMFB-A operates in 14 provinces of Afghanistan through 39 branches. The number of FMFB-A clients across 14 provinces reaches about 180,000 (men and women) both in rural and urban areas. The FMFB-A loan outstanding and savings values reach to over AFN 6.2 billion and AFN 2.5 billion, respectively.
The jobholder is responsible for reviewing Credit Applications files received from branches. The jobholder to provide assurance that credit risk of reviewed loan applications is managed following the bank’s policies and procedures and falls within the acceptable level of risk appetite. The jobholder focuses on credit and operational risk, as well as mitigation of internal and external fraud.
Duties & Responsibilities:
Credit Risk Document-based Assessment of Borrowers and Guarantors:
Credit Risk Officer will review credit files and assess borrowers credit worthiness based on the 5Cs of Credit. To ensure the accuracy of information provided, he/she contacts Branches, Loan Officer, borrower, guarantor and collateral owner to cross check and verify the provided information or collection more information that helps Credit Assessment unit for making proper credit decision.
The review of credit files does not limit but in minimum, it should cover the following:
1. Evaluation of the borrower’s industry risk and macro-economic factors.
2. Evaluation of the financial information and examining the reliabilities and accuracies of financial figures provided.
3. Evaluation of individual borrowers as per the bank’s policies and procedures, including credit risk assessment of
o The purpose of credit, source of repayment, repayment capacity and financial standing of the borrower,
o The track record / repayment history of the borrower,
o The proposed terms and conditions and covenants,
o Evaluation of the real estate offered as collateral, adequacy of the property value, validity of the title deeds (signature of buyer, seller and witnesses, head of Shura confirmation etc.)
o Evaluation of the guarantor’s capacity, source of income and reliability.
Data Analysis and Reporting
1. Works closely with his superiors and staff of Risk Department on other areas of risk applicable to the branches.
2. Documents material errors identified in the credit risk management processes, reviews critically the root causes for delinquency cases and lessons learned for enhancement of policies and processes related to risk management.
3. The types and frequency of reports are listed in point 5.7.5 above.
The position requires bachelor’s degree or associated degree with 2-3 years’ work experience as SME Loan Officer or Credit Risk Officer.
The job holder should have
o At least two years’ experience in lending, finance or risk assessment; preference will be given to candidates with experience in credit risk assessment/analysis.
o Good knowledge of the financial analysis’s principles and indexes,
o Good knowledge (or willingness to learn) of the Basle Committee and DAB rules and regulations pertaining to prudential risk management.
o Excellent analytical thinking and attention to details.
o Can-do attitude, with problem-solving and decision-making abilities.
o Independent mindset, able to draw conclusions and communicate his/her concerns in a clear and concise manner to the management.
o Quick learner who can rapidly master all aspects of the job with limited supervision and training.
o Good organizer with self-planning and problem-solving skills.
o Good communication and reporting / presentation skills.