Job vacancies at Mwalimu Commercial Bank, January 2025
The Credit Analyst, reporting to the Head of Credit, is responsible for evaluating the financial ability of customers seeking loans. The analyst makes recommendations on loan approvals or rejections based on thorough and timely assessments of credit proposals. These evaluations are based on solid credit and financial principles, offering expert insights to decision-makers for well-informed approvals.
Key Responsibilities
The Credit Risk Analyst shall be responsible for, but not limited to, the following:
- Ensure that all approved loans meet creditworthiness criteria.
- Provide recommendations tied to the analysis and assessment of credit risk for all credit applications.
- Assess, analyze, and interpret complex financial information in loan applications.
- Prepare comprehensive credit memos, including necessary risk analysis and required ratios, and give recommendations on each loan application to the Head Office and
- Board Credit Committee.
- Develop and prepare spreadsheets and models to support the analysis of new and existing credit applications.
- Provide advice to all stakeholders in the bank regarding credit risk management policies, practices, and standards.
- Ensure the bank maintains a quality loan portfolio.
- Support the Head of Credit in the effective implementation of the Enterprise Risk
- Management (ERM) Framework to establish a risk-based system that identifies, measures, monitors, controls, and reports bank-wide risks.
- Evaluate obtained information to gain a thorough understanding of business parameters that create profit/value and the associated risks.
- Perform any other duties as assigned by the Head of Credit from time to time.
Minimum Qualifications and Experience
- A University Degree or equivalent qualification in Business Administration, Banking, Finance, Economics, or a related discipline.
- A minimum of five (5) years of experience in the banking sector, with at least three (3) years in credit analysis or credit risk analysis (particularly in MSMEs).
- Strong understanding of financial statements, ratios, and concepts.
- Proficiency in Microsoft Excel is an added advantage.
Application Process
Applications should include a detailed CV, copies of certificates, and a cover letter. These should be sent to recruitment@mwalimubank.co.tz by Wednesday, 7th February 2025.
Only shortlisted candidates will be contacted.