Credit Administrative Officer

Housing Development Finance Corporation (HDFC) Plc is the Maldives' only specialized housing finance institution, committed to improving access to affordable housing through innovative and sustainable financing solutions. Established in 2004, HDFC is supported by reputable international shareholders, including the International Finance Corporation (IFC), Asian Development Bank (ADB), and HDFC Bank Ltd, India. HDFC plays a vital role in supporting homeownership and housing development across the Maldives through responsible lending, customer-focused service, and sound financial management.

Position

 Credit Administrative Officer

Department

 Credit

Employment Type

 Full-Time Contract

Contract Duration

 12 Months (with possibility of permanent appointment subject to satisfactory performance)

Number of Vacancies

 01

Reporting To

 Assistant Manager, Credit Administration

Work Location

 HDFC Plc, Malé, Maldives

Working Hours

 Sunday to Thursday, 08:00 hrs – 16:00 hrs

Sanction Letter and Agreement Process

• Prepare Sanction Letter, Facility Agreements 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 Process

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

Disbursement Process

• Process initial and subsequent disbursements upon verifying conditions and previous fund utilization.

Insurance Process

• Request of Insurance/Takaful, submit payment request and update relevant registries in a timely manner.
• Handle insurance process for closed facilities.

Records and Data Management

• Update and maintain Mortgage/Collateral Database.
• Maintain and update the securities movement registry to monitor securities taken out for various purposes and follow up regularly to secure their return.
• Maintain proper custody of legal pockets, ensuring timely sealing and storage in the allocated safe, and report pending title statuses to the line manager monthly.
• Conduct the annual audit of securities and prepare and present the audit report to the line manager.

Letters and Other Matters

• Issue Credit Opinions and Customer Letters as required.

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.

Qualification Requirements

• Diploma in Business Administration, Banking and Finance, or a related field with a minimum of one (1) year of relevant work experience; or
• GCE Advanced Level (A' Level) qualification with a minimum of two (2) years of relevant work experience.
• Preference will be given to candidates with prior experience in credit analysis, banking, lending operations, or financial services.

Competencies

• Customer Focus
• Analytical Thinking
• Attention to Detail
• Communication and Negotiation Skills
• Teamwork and Collaboration

Salary: Competitive salary based on qualifications and experience.

Other Benefits:

• Staff Health Insurance Scheme
• Staff Loan Scheme
• Annual Bonus
• Training and Professional Development Opportunities

Documents Required:

• Interested candidates are requested to complete the online application form and upload the required supporting documents via the link: Application Form

Deadline for Application submission: Applications must be submitted no later than 28 October 2026, 14:00 hrs.

Note: Applications will be only accepted through the online application form, and only shortlisted candidates will be contacted for an interview.

Human Resource Department

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

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