Credit Analyst Banking (Muscat – Oman)

Role Statement (brief general overview of key focus of the position)
The Credit Analyst is responsible for assessing the creditworthiness of loan applicants, analyzing financial data, and making informed recommendations to ensure responsible lending and mitigate credit risk. They are also responsible monitoring of Credit Risk through pre-sanction and periodic review of Credit Applications

Key Objectives (the key result areas for the position – KPI’s)

Credit Analysis
Review and analyze loan applications and financial statements to assess the creditworthiness of applicants, providing recommendations
Evaluate the risk associated with each credit request and determine the appropriate credit limit and terms

Financial Statement Analysis
Analyze income statements, balance sheets, cash flow statements, projections and tax returns to understand the financial health borrowers
Identify any irregularities or discrepancies in financial data

Industry and Market Research
Stay updated on industry trends, economic conditions, and market developments that could impact credit risk
Assess the borrower’s industry and market conditions to make informed lending decisions

Risk Assessment
Assign a credit score or rating to applicants based on their financial health, payment history, and other relevant factors
Determine the likelihood of default and potential losses associated with each credit request
Discuss with BU RMs/Credit Analyst and other Business Units of the Bank in order to facilitate proper structuring of facilities / security structure in order to minimize risks

Documentation
Prepare credit reports and documentation outlining the credit analysis and recommendations
Liaison with RCU to ensure accurate reflection in the CAs of security held and security required

Monitoring and Portfolio Management
Monitor the creditworthiness of existing borrowers and make recommendations for changes in credit terms if necessary
Assist in managing and reducing the bank’s overall credit risk exposure

Build and grow strong positive working relationships with stakeholders and business units
Champion quality-driven outcomes and identity, implement and enforce quality processes
Be a role model for teamwork, communication, building partnerships to collectively deliver excellent outcomes.
Ensure Compliance with banks policies and procedures
Undertake specific assignments as required in order to supporting the wider bank to achieve its objectives, working on specific and ad-hoc assignments as required
Person Specifications

Education & Experience
Bachelor’s degree in Finance or related major
Minimum 5 years of experience in credit analyst role
Experience in the financial sector
Demonstratable financial analysis experience
Ability of building, managing and influencing relationships
Strong problem-solving and analytical abilities
Strong communication and engagement skills – written, oral and presentation
Organized and skillful at prioritizing and planning multiple activities and then delivering agreed outcomes on time.
Extremely organized, whilst remaining an ability to successfully manage multiple priorities
Supportive of continuous improvement.