Credit Analyst- Large Corporates

Tawteen; Muscat; On-site; OMR 12,000 - 16,000; Full time

Job summary

Tawteen in Muscat seeks a qualified professional for financial analysis and credit assessment. The role involves evaluating borrowers’ financial soundness and preparing detailed analyses for credit requests. Candidates should possess a Bachelor’s Degree in Finance or related fields and at least 7 years of experience in the banking sector.

The responsibilities include conducting thorough analyses of financial statements, presenting findings to management, and supporting relationship managers. The ideal candidate will have strong analytical and communication skills, along with experience in risk management.

Qualifications

• Minimum 7 years of experience in the banking sector or related financial sector.

Responsibilities

• Conduct preliminary analysis on financial statements and business models.
• Perform thorough analysis of financial statements and prepare approvals.
• Assess credit requests and provide recommendations.
• Present analysis findings to managers regarding repayment ability.
• Develop spreadsheet models for credit applications.
• Follow up on overdue documents and compliance issues.
• Support relationship managers in managing portfolios.

Skills

Financial analysis

Credit assessment

Spreadsheet modeling

Risk management

Education

Bachelor’s Degree in Finance, Accounting, or related fields

Job description

Evaluate a borrower’s past financials and credit history to determine their financial soundness and ability to repay credit advanced by a lender. Gathers important financial information and evaluates it using financial ratios, comparing the ratios with industry benchmarks to decide if the applicant’s cash flow is sufficient to repay the obligation. Responsible for submitting renewals as well as finalizing new deals within the specified time frame.

Responsibilities

• Conduct preliminary analysis on the financial statements, projections and business models at the deal initiation stage.
• Perform a thorough analysis of financial statements, facility security structure, and prepare ITS approvals.
• Conduct assessment of credit requests, including new requests, changed requests, refinancing and annual due diligence, and provide recommendations tied to analysis and assessment of credit risk.
• Present analysis findings and recommendations to managers, especially regarding repayment ability.
• Develop and prepare spreadsheet models to support analysis of new and existing credit applications.
• Keep up to date with the bank’s lending protocols.
• Follow up on overdue, excess over limits, missing and expired documents, call reports, and insurance expiry trackers.
• Reconcile credit files and identify discrepancies and variance.
• Support relationship managers in managing client portfolios and help enhance the quality of credit applications and turnaround time.
• Keep knowledge of key issues up to date, including legal, market risk and compliance issues as well as financial reviews.
• Provide MIS support to the team when required.
• In the event of absence of ARM/RM, support the divisional head in executing their duties.

Qualifications

• Bachelor’s Degree in Finance, Accounting, or related fields.
• Minimum 7 years of experience in the banking sector or related financial sector.