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.
MAIN FUNCTIONS OF THE JOB
Sales Administration
Creation of non-FICA compliant customers and sureties on the bank’s system
Updating of existing CIF information on the system which includes customer demographic information and financial information for individuals and companies.
Creation of the necessary General Accounts for each customer,
Creation of vendors and Vendor Payable accounts.
Liaising with Sales representatives regarding queries on a specific customer creation.
Creating collateral on FMS for all finance transactions.
Creation of all finance facilities on core banking system for new, increase, decrease and modification for all Finance products.
Scanning all necessary information on the Bank’s document management system
Creation of drawdown on core banking system for finance deals in order for documents to be extracted by Credit Administration Hub.
Conducting Watch list checking for onward submission
Updating of Murabaha Trade Facilities upon review.
Pay-out
Finalising IIS drawdowns and submission to Supervisor / Advances Support Manager for approval for motor vehicle, trade and equipment deals.
Capturing IIS drawdowns and submission to Supervisor / Advances Support Manager for approval for Musharaka 3rd Party and Equity deals
Capturing CSM Swift / Corp for payments to be processed.
Post Pay-out
Loading of debit orders for all new finance transactions within 10 days from payout.
Uploading the deal invoice for motor vehicle and equipment onto Sharepoint within 5 days after payout is concluded
Customer Maintenance
Correction of collateral values based on the exposure report submitted by CAH.
Updates figures as per Annual Financial Statements on the core banking system for entities once received from Sales
Other
Capturing of Advances fees on the banks Sharepoint site
Dealer / Supplier to be contacted to verify banking details
Finalisation of Non-Finalised Deal payments
Requirements
QUALIFICATIONS
Matric
BCOM Degree or Relevant Diploma will be an advantage
Advanced Computer skills
PREFERRED EXPERIENCE
2 years Administration experience
At least 1 years’ experience within a Financial Services institution will be an advantage
KNOWLEDGE
MS Office
Banking Software
Apply via company website ( N / A ) or
albaraka.mcidirecthire.com