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

Document Verification and Management

• Review offers/rejections letters and facility documents issued upon approval.
• Ensuring facility acceptance documents maintained in proper registers.
• Verify agreements related to all facilities before/after signing to ensure compliance with internal policies and procedures including shariah governance framework.
• Identify revisions to facility and legal documents/templates for offering new products and coordinate with relevant departments for the revisions.

Overseeing the Mortgage Process

• Attending court for signing agreements.
• Monitor the mortgage registration process for new facilities, including follow-up with relevant authorities on late mortgages.
• Ensuring the legal pockets are maintained timely and report the status of titles to line manager monthly.
• Maintain mortgage registers, security and title documents.
• Monitor and oversee the Mortgage cancellation process for settled/closed facilities.
• Prepare and present relevant reports to management.

Disbursement and target Monitoring 

• Oversee the disbursement process of new and existing facilities.
• Review disbursement requests coordinate with relevant units and departments for timely processing of disbursement requests.
• Monitor and ensure monthly disbursement targets are reached with regular updates to the management.

Management of Insurance/takaful process

• Oversee the overall process of obtaining insurance/takaful policies on behalf of HDFC customers.
• Maintain insurance/takaful register and database.
• Monitor and oversee cancellation of insurance/takaful policies.
• Obtaining renewal of insurance/takaful policies in timely manner.
• Prepare and present relevant insurance/takaful reports to management.

Qualifications and Skills

Educational Requirement

• Bachelor’s degree in business administration or related field.

Experience

• Minimum 1-2 years of experience in Business Administration a related field.
• Experience in the financial sector is an advantage.

Skills

• Strong document verification, management, and compliance expertise.
• Knowledge of mortgage registration, insurance/takaful processes, and disbursement management.
• Proficiency in maintaining databases and preparing operational reports.
• Excellent time management, organizational, and coordination skills.
• Strong analytical, problem-solving, and leadership abilities.

Salary: Salary ranging from MVR 23,000 to 25,000, 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 18^th February 2025, 2:30 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]