Branch Financing and Investment Officer – Lascanood Somaliland
Posted in August 25, 2020
Amal Bank
Job Type
Full Time
Location
Laascaanood
Description :
Job Title: Branch Financing and Investment Officer
Location: Lascanood Somaliland
Reporting to: Branch Manager Position Summary:
The Branch Financial and Investment Officer is responsible for origination, execution and monitoring of all financing and investment activities at the branch level.
Role and Responsibilities:
- Originate, execute and manage financing and investment transactions at the branch level.
- Participate as a member of the branch financing and Investment Committee in the evaluation of branch financing and investment decisions or projects, including but not limited to the initial screening of client/project applications.
- Participate in project feasibility studies, and preparation of project concept notes, assessing project risks and advising on appropriate risk mitigation actions.
- Meet with clients, as needed, to discuss financing and investment issues or strategies.
- Meet with the producers/sellers/suppliers of the goods in the market, study the market price and work out the purchase and sale prices of the goods as per Amal Bank’s financing guidelines
- Visit the Business establishment of the Client to assess and ascertain the capacity, honesty, integrity and business dealings of the Client.
- Work closely with Branch Business Development Manager to complete and review individual and business financing and investment applications for accuracy and feasibility
- Ensure all applicable documentation for financing and investment applications are received from the clients and are completed correctly with the required authorization and signatures.
- Update client information as needed or requested by the Senior Financing and Investment Officer, Business
- Development Manager or Branch Manager.
- Monitor and ensure the timely completion of client inquiries and financing/investment transactions.
- Ensure that clients are helped professionally, and the information provided by the clients are correct and complete.
- Identify and meet with prospective clients to promote the bank’s financing, investment and wealth management products and services.
- Identify cross-selling opportunities and refer to such opportunities and leads to the appropriate person or department.
- Identify, monitor, and control portfolio risks, market risks and branch liquidity risks to promote profitable financing and investment activities.
- Draft regular reports weekly for the branch and HQ Investment Committee or all financing and investment participants.
- Evaluate financing and investment applications, concerning risk factors and applicable Amal Bank’s financing and investment policies and procedures.
- Analyze and report Monthly/quarterly/annual account/portfolio risk exposure and market traits.
- Ensure that contracts are complete and legally correct.
- Ensure that repayments/instalments are paid and collected on time.
- Participate in appraisal missions to gather necessary technical, legal, economic and financial information to assess the merits of potential financing and investment opportunities.
- Conduct industry and market research to ensure that the business origination and execution efforts are aligned with the investment strategy of Amal Bank.
- Research, analyze, and evaluate new investment opportunities.
Work experience and Skills:
- A Master’s Degree in Islamic Finance, economics, MBA, or other relevant field.
- Experience: 1 to 3 years of relevant experience in investment origination, structuring or portfolio management with a proven track-record in financing and investment transactions.
- Proficiency in Microsoft Excel, Word, and PowerPoint.
- Ability to perform basic mathematical calculations.
- Ability to plan and understand financing and investment processes.
- Ability to establish and maintain effective working relationships with staff and clients.
- Ability to communicate orally and in writing.
- Knowledge of modern Islamic financing and investment portfolio theory, investment operations and processes.
- Ability to conduct portfolio risk assessment and control.
- Ability to originate and execute simple or complex financing and investment transactions.
- Extensive experience in preparing cash forecasts and cash flow analyses.
- Advanced analytical, organization, and interpersonal skills.
- Advanced spreadsheet and modelling skills.
- Excellent collaboration, verbal and written communication skills.
- Attention to detail and accuracy.
- Excellent command of Somali and English languages.
- Must be punctual and dependable.
Amal Bank is an equal opportunity employer and offers a competitive compensation package commensurate with qualifications and experience.
How to apply :
Please submit a detailed cover letter and résumé no later than September 07, 2020 to applicant@amalbankso.so