Associate Credit

Report to: Principal Credit
Location: Islamabad
Application deadline for the position is June 8, 2022


About Us

Karandaaz (KRN) believes that every Pakistani deserves to be Financially Included and Economically Empowered. Our mission is to foster economic growth and create jobs through financial inclusion of unbanked individuals and unserved enterprises.

Karandaaz Pakistan is a not-for-profit organization, based out of Islamabad, registered with the Securities and Exchange Commission of Pakistan under Section 42 of the Companies Act 2017. We are supported by the Foreign Commonwealth & Development Office (FCDO) and Bill & Melinda Gates Foundation (BMGF). Karandaaz is governed by an eminent board who set the strategy of the organization and steer it towards achievement of its objectives. 

Karandaaz Capital aims to support the development of a market for MSME financing by deepening access to growth capital for MSMEs that will result in the generation of broad-based employment in Pakistan and financial returns for Karandaaz. KRN makes investments that are categorized into four buckets; Direct Investments, Wholesale Investments, Strategic Investments, and Green Investments. These investments by Karandaaz help develop pilot investment models and identify new investment avenues and generate learning for commercial capital providers.

Position Summary

Karandaaz is seeking an Associate Credit in the Corporate Investments & Credit team who will be primarily responsible for supporting the Principal Credit in developing innovative credit transaction structures for SMEs that can be replicated as a program. The incumbent will also be responsible to lead the detailed industry analysis for key target industries.

Job Responsibilities

  • Develop innovative credit transaction models to enable access to finance small and mid-sized enterprises.
  • Assess the credit risk of the deals to identify bankable transactions.
  • Originate, evaluate and execute credit transactions (wholesale credit lines, supply chain financing, program lending, securitized products) to provide growth capital funding to small and mid-sized enterprises with potential for profitable growth and sustainable job creation.
  • Lead detailed industry analysis (market size and growth, industry structure and value chain, competitive landscape, etc.) for key target industries.
  • Monitor, track and manage portfolio performance and liaison with internal and external stakeholders, including partner financial institutions.
  • Under supervision of the Principal Credit, manage and lead transaction teams.
  • Prepare Investment Committee documentation.


  • Minimum of 5 years’ experience in investment banking, structured finance and/or commercial banking.
  • Preferably a Masters level degree in Business, Economics, Accounting or related discipline from a reputable international or Pakistani institution.
  • Experience in originating and executing corporate finance and/or loan products. Prior exposure to SME lending will be valued.
  • Professional exposure to the development of financial products for SMEs.
  • Self-starter, motivated to build a high impact investment business for SMEs in Pakistan.
  • Strong command on MS Word, Excel, PowerPoint.
  • Excellent oral and written English and should be conversant in Urdu.

Culture and Values at Karandaaz

Karandaaz Culture is guided by our values of Innovation, Collaboration, Accountability, Respect and Equity (ICARE). These values shape our choices on what we do and how we do it, both with colleagues internally and partners externally. We also believe that we are all responsible for creating a great place to work and are constantly looking to hire individuals who bring the same level of passion and commitment to the purpose of the organization.

If you believe in Karandaaz vision and values and feel excited about the work we are offering, please send us your application for this position to clearly mentioning the position title in the subject line. We will be accepting submissions till 8th June, 2022.

Karandaaz is an equal opportunity employer. Women and people with disabilities are encouraged to apply

Copyrights © 2024 Karandaaz Pakistan
Non-profit company registered under Section 42 of the Companies Act, 2017