Credit Analyst (Syndicate Loans) - Innovative Company

State Bank of India, Australia

Credit Analyst (Syndicate Loans)

• One year contract with potential for conversion to a full-time position 
• 38 hours per week
• Sydney, close to Wynyard railway station
• $ 58,000 + overtime and allowances + superannuation.

State Bank of India (SBI), with a storied history dating back over 200 years to the founding of the Bank of Calcutta in 1806, stands today as a multinational, public sector banking and financial services powerhouse. Supporting India's massive US$3.4 trillion economy, SBI serves an extensive customer base of over 460 million globally. As a Fortune 500 member and India's largest commercial bank in terms of assets, deposits, branches, and workforce, SBI is predominantly owned by the Government of India. Its vast network encompasses more than 22,000 branches, including operations in over 30 countries across continents, and features over 65,000 ATMs. SBI offers a comprehensive array of financial services, including banking, leasing, securities, and credit-related businesses, tailored to a diverse clientele including non-resident Indians (NRIs). SBI Australia (SBIA), a key overseas operation established in 1998, plays a pivotal role in bolstering India-Australia trade relations, offering trade finance products and aiding Indian corporates in integrating with the Australian economy.

Key Responsibilities:

Loan Proposal Preparation:

• Develop detailed loan proposals following the bank's prescribed format and comprehensive credit appraisal guidelines.
• Ensure adherence to regulatory requirements of both the home and host countries, clearly documenting any exceptions or deviations.
• Efficiently manage the proposal process, including submission for review and approval in accordance with authority levels.

Due Diligence and Risk Appraisal:

• Perform thorough initial due diligence processes, including KYC, financial, legal, and technical assessments for potential borrowers.
• Assess and evaluate risks associated with new loan proposals, ensuring prompt submission for decision-making.

Financial Analysis:

• Collaborate with the AVP in conducting detailed Credit Risk Analysis, including the scrutiny of financial statements and ratio analysis.
• Analyze and interpret company financials to benchmark against the bank's set performance standards.

Reporting and Reviews:

• Compile and present quarterly and annual loan reviews, focusing on the borrowers' performance as reflected in their audited financial statements.

Communication and Correspondence:

• Handle communications with borrowers and syndicated lenders, including the issuance of rollover notices, rate fixing advisories, and the collection of compliance and financial documents.

Credit Risk Support:

• Assist in the preparation of credit proposals and gather crucial information, aiding in the decision-making process.

Qualifications:

• Relevant degree in finance, economics, or related field.
• Proven experience in credit analysis, particularly in syndicate loans.
• Strong understanding of financial statements and credit risk analysis.
• Excellent communication and organizational skills.
• Ability to work independently and as part of a team.
• Knowledge of regulatory frameworks in both home and host countries.

The job will be full-time, with hours to be worked between 9.00am and 5.30pm Monday to Friday.

Applications close on 13th May2024.