MAIN FUNCTIONS OF THE JOB INCLUDE:<\/p>\n
Credit Proposals\u00a0<\/p>\n
\tAnalysis of financial statements and management accounts in order to assess financial performance of applicants as well as guarantor entities which includes preparation of Income Statement, Balance sheet spread and consolidation of Information where applicable
\n\tAnalysis of Value Added Tax (VAT) returns and book debts
\n\tResearch market trends, perform qualitative reviews, corporate ratings and determines affordability of repayments
\n\tObtains information on clients\u2019 background, nature of business, location, Management, customer and supplier information
\n\tRequests Kreditinform report to determine clients Credit history, bank reports and security confirmations if it is related to a trade client
\n\tCreates a SWOT analysis in order to identify risks associated with clients thus highlights the banks awareness to potential hazards
\n\tPrepares and updates detailed manual exposure report for Group in terms of security by ensuring securities are correctly loaded, financials are updated on relevant system, qualitative review status is updated, valuations are up to date and follows up on arrears if applicable
\n\tProvides sensitivity analysis for each application within the proposal
\n\tPrepares information sheet and requests Trust reviews from Legal department
\n\tIdentifies risks with respect to client and\/or Industry and mitigating factors
\n\tResponds to queries made by Management Credit Committee (MCC), Executive Credit Committee (ECC), Board Credit Committee (BCC) and Board of Directors (BOD) relating to the proposal as and when required<\/p>\n
Analysis of Book Debts<\/p>\n
\tConducts analysis of book debts on a monthly basis for clients, whose cession of book debts are held as security which entails liaising with clients to determine recoverability of book debt balances that are outstanding
\n\tDetermines updated book debt security amounts and updates on the system
\n\tPrepares book debt pack schedules which entails security values for each client and risk rating monthly
\n\tLiaise with clients with regards to book debt queries
\n\tResponds to queries on the analysis raised by the relevant Committees<\/p>\n
Trade Finance Reviews<\/p>\n
\tMaintains and updates trade review lists and registers for all trade and revolving asset facilities by updating review dates, level of facilities, ECCM approval dates, date review letter submitted and includes updating for all new clients
\n\tMaintains and updates tracking schedule which includes clients name, date submitted, purpose of application, ECC date approved\/declined, next review date and facility amount approved
\n\tMaintains and updates outstanding information lists for each application and subsequent follow up<\/p>\n
Review Letters<\/p>\n
\tPrepares trade review letters requesting financial information from clients and\/or the clients accountants for annual trade reviews
\n\tFollows up on receipt of letters and submission of information on an ongoing basis<\/p>\n
General<\/p>\n
\tFollows up on financial information required from clients such as financial statements, management accounts, VAT returns, Assets and Liabilities statements, Income and Expenditure statements, Banking details and queries relating to financial statements, etcetera
\n\tObtains and reviews FICA documentation for all new and existing clients
\n\tCompletion of the necessary checklist
\n\tCompiling and maintaining of deal files<\/p>\n
Requirements<\/p>\n
QUALIFICATIONS<\/p>\n
\tA 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<\/p>\n
PREFERRED EXPERIENCE<\/p>\n
\tA minimum of 2-3 years\u2019 experience in the Finance\/ Accounting environment<\/p>\n
Apply via company website ( N \/ A ) or<\/p>\n
albaraka.mcidirecthire.com<\/p>\n
<\/p>\n","protected":false},"author":2,"featured_media":0,"template":"","meta":{"_promoted":"","_job_location":"","_application":"http:\/\/albaraka.mcidirecthire.com","_company_name":"Al Baraka Bank South Africa","_company_website":"http:\/\/N%20\/%20A","_company_tagline":"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\u2019s 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.","_company_twitter":"","_company_video":"","_filled":0,"_featured":0,"_remote_position":0,"_job_salary":"","_job_salary_currency":"","_job_salary_unit":""},"job_listing_region":[16],"job-types":[12],"class_list":["post-16172","job_listing","type-job_listing","status-expired","hentry","job_listing_region-kwazulu-natal","job-type-full-time"],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/jobs.dataaxisnode.com\/southafrica\/wp-json\/wp\/v2\/job-listings\/16172","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/jobs.dataaxisnode.com\/southafrica\/wp-json\/wp\/v2\/job-listings"}],"about":[{"href":"https:\/\/jobs.dataaxisnode.com\/southafrica\/wp-json\/wp\/v2\/types\/job_listing"}],"author":[{"embeddable":true,"href":"https:\/\/jobs.dataaxisnode.com\/southafrica\/wp-json\/wp\/v2\/users\/2"}],"wp:attachment":[{"href":"https:\/\/jobs.dataaxisnode.com\/southafrica\/wp-json\/wp\/v2\/media?parent=16172"}],"wp:term":[{"taxonomy":"job_listing_region","embeddable":true,"href":"https:\/\/jobs.dataaxisnode.com\/southafrica\/wp-json\/wp\/v2\/job_listing_region?post=16172"},{"taxonomy":"job_listing_type","embeddable":true,"href":"https:\/\/jobs.dataaxisnode.com\/southafrica\/wp-json\/wp\/v2\/job-types?post=16172"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}