Website Al Baraka Bank South Africa
Al Baraka Bank, registered in South Africa since 1989, pioneered Islamic banking in this country in response to an identified need for a system of banking which adhered to Islamic economic principles. The bank, with its Head Office in Durban and a strategically located national branch network, is So… read moreuth Africa’s only fully-fledged Islamic bank and is a subsidiary of the international Al Baraka Banking Group B.S.C., which has established one of the largest international Islamic banking groups in the world.
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 »
Apply via company website ( N / A ) or