Credit Analyst

ADIB; United Arab Emirates; On-site; AED 120,000 - 200,000; Full time

Job summary

A leading bank in UAE is seeking a Credit Analyst to support the Credit Department. The role includes preparing credit approval packages and conducting credit analyses. Candidates should possess strong analytical skills and a good understanding of finance. Note: Only UAE Nationals will be considered for this role.

Qualifications

• Good understanding of business, finance, and current affairs.
• Analytical thinking and a business-oriented approach.
• Strong interpersonal and communication skills.

Responsibilities

• Support Relationship Managers in credit approval processes.
• Assist in financial analysis and market checks.
• Liaise with various departments for credit proposals.

Skills

Analytical thinking

Strong interpersonal skills

Communication skills

Job description

Role : Credit Analyst

Location : Dubai

Role Purpose :

The role holder will undergo on-the-job training and work on credit analysis.

The job holder will support the overall maintenance of assigned tasks within the Credit Department. These may include, but are not limited to, the preparation of credit approval packages, AC memos, Credit Round Table (CRT) discussion materials, and credit file maintenance.

Key Accountabilities of the role :

• Support Relationship Managers (RMs) and Assistant Relationship Managers (ARMs) in reviewing and preparing credit approval packages, AC memos, CRT discussion materials, ensuring completion as per the bank’s requirements.
• Attend client calls/meetings with RMs or Division Heads related to banking requirements.
• Assist in preparing spreadsheets and performing financial analysis, including basic financial modeling and qualitative analysis, to support credit application evaluations.
• Conduct initial market checks and monitor the creditworthiness of obligors and counterparties, including searches for negative press articles and ratings from agencies.
• Liaise with Risk Management regarding credit approval packages, responding to queries and comments.
• Prepare security and other relevant documents in coordination with Legal & Sharia departments.

Process Implementation :

• Support frontline staff in tracking review dates and ensuring timely renewal or deferral of facilities.
• Ensure proposals and memos are consistent, accurate, of high quality, and maintain integrity.
• Maintain and reconcile credit files, identifying discrepancies and variances.
• Adhere to KPIs such as turnaround time, credit package quality, and review schedules.
• Assist credit analysts in assessing creditworthiness and evaluating credit proposals.
• Liaise with relationship managers, business lines, legal staff, risk division, and other stakeholders to gather necessary information.
• Ensure new transactions and credit renewals align with the bank’s risk appetite, policies, procedures, and regulatory standards.
• Stay informed of macro and microeconomic developments and regulatory changes affecting the portfolio.

Skills / Technical Knowledge Required :

• Good understanding of business, finance, economics, and current affairs.
• Analytical thinking and a business-oriented approach.
• Strong interpersonal and communication skills, both verbal and written.

Note: Only UAE Nationals will be considered for this role.