Housing Development Finance Corporation (HDFC) PLC, established in January 2004, is the only specialized housing finance institution in the Maldives. HDFC is a privatized company with International Shareholders represented by the International Finance Corporation (IFC of World Bank Group), Asian Development Bank, and HDFC Bank Ltd. of India, jointly holding 51% of shares.

Job Description

Credit Documentation & Processing:

• Issuance of offer / rejection letters to customers within the stipulated timeframe.
• Monitoring and follow-up on offer acceptance within the stipulated timeframe.
• Processing Disbursements.

Facility and Mortgage Documentation:

• Prepare Loan/facility, and mortgage Agreements.
• Attend court on behalf of HDFC to sign the mortgage agreements.
• Complete the assignable mortgage rights and update the due records.
• Document and maintain the record of changes applied in the agreement templates by the legal counsel and file accordingly.

Mortgage Registration and Cancellation:

• Prepare and monitor the Mortgage registration process for new loans/facilities.
• Prepare and monitor the Mortgage cancellation process for settled or repaid loans/facilities.

Records and Data Management:

• Maintain documentary log required for the execution of the mortgage agreements and coordinate with the relevant officers on speeding up the agreement signing process.
• Update and maintain data in the Mortgage Database.
• Maintain and update securities movement registry to monitor securities taken out for different purposes and follow up regularly to secure the securities.

Securities Management:

• Attend to correspondents related to securities / mortgaged titles in a timely manner.
• Monitor the physical movement of securities / mortgaged titles (in and out) and report delays to the line manager to take appropriate action.
• Ensure that the legal pockets are sealed and maintained timely in the safe allocated and report the status of pending titles to the line manager on a monthly basis.
• Conduct annual audit of securities, prepare and present the report to the line manager.

Support for Other Departments

• Assist the credit department to undertake a quarterly diagnostic review of the assets mortgaged.
• Assist technical officers in preparing initial inspection documentation for the social housing schemes.

Other Responsibilities

• Act as a focal point in executing the legal documentation (agreement signing) of Social Housing Schemes in coordination with the head of the department.
• Undertake any other responsibilities assigned by the line manager/department/management.

Qualifications and Skills

Educational Requirement

• Diploma in Business Administration / Management.

Experience & Skills

• Work experience in the banking and finance sector will be an added advantage.
• Fast typing skills (Dhivehi/English).
• Good analytical and decision-making skills.
• Should be an effectual communicator verbally and through writing skills.
• Ability to work under pressure.
• Competent with General Office Software.

Salary:Salary ranging from MVR 11,000 to MVR 13,000 commensurate with qualifications and experience.

Other Benefits:

• Staff Health Insurance Plan
• Staff Loan Scheme
• Annual Bonus
• Training and development opportunities.

Working Hours: The selected candidate will be required to work from 08:00 to 16:00 hrs., from Sunday – Thursday.

Application process: Interested candidates are requested to fill out the application form and submit the required documents via the following link:

https://form.jotform.com/243588907905471

Deadline for submission: On or before 03^rd September 2025, 2:30 PM

Note: Only shortlisted candidates will be contacted for an interview.

Human Resource Department

Housing Development Finance Corporation Plc., 3^rd Floor,

Tel: +960 3334666; Fax: +960 3315138; email: [email protected]