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 Assessment and Processing:

• Evaluate Facility applications by analyzing financial statements, credit history, and risk factors.
• Conduct due diligence to ensure applicants meet eligibility criteria.
• Prepare detailed credit reports and recommendations for Committee approval.
• Issuance of offer/rejection letters to customers within the stipulated timeframe.

Facility Underwriting and Approval:

• Assess the creditworthiness of applicants and provide recommendations to the credit committee.
• Ensure facility proposals align with internal policies and regulatory requirements.
• Assist in structuring facility terms and conditions to minimize risk.

Customer Service and Relationship Management:

• Provide guidance to customers on facility products and financing options.
• Address customer inquiries, resolve issues related to credit applications, and issue reference letters.
• Develop strong client relationships to enhance customer retention.
• Monitor the performance of assigned facilities during the grace period, and communicate with customers as required by company policies.
• Recommend improvements to credit workflows and documentation standards.

Reporting and Compliance:

• Maintain accurate records of facility documents and the archiving of all assigned applications.
• Assist in preparing regular reports on credit performance.
• Ensure adherence to company policies, risk frameworks, and regulatory guidelines.

• Assist in conducting the annual diagnostic review of the mortgaged asset.
• Assist in designing housing finance products to suit the different housing market segments.
• Assist in conducting market surveys as required by the department.

Qualifications and Skills

Educational Requirement

• Bachelor’s degree

Experience

• Work experience in the banking and finance sector will be an added advantage.

Skills

• 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 15,000 to 17,000, commensurate with qualifications and experience.

Other Benefits:

• Staff Health Insurance Plan
• Staff Loan Scheme
• Annual Bonus

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

Documents Required:

• Interested candidates are requested to fill the application form and submit the requested documents.

             https://form.jotform.com/243588907905471

Note: Applications will be only accepted through the above form.

Deadline for Application submission: On or before 31^st July 2025, 14:30 PM

Note: Only shortlisted candidates will be contacted for interview.

Human Resource Department

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

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