Associate Credit

Report to: Principal Credit
Location: Islamabad
Application deadline for the position is September 22, 2022


About Us

Karandaaz (KRN) believes that every Pakistani deserves to be Financially Included and Economically Empowered. Our mission at Karandaaz 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 Foreign, Commonwealth & Development Office (FCDO) and Bill and 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. Karandaaz 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 Investment & Credit (CIC) team who will be primarily responsible for supporting the Principal Credit in developing credit transaction models. The incumbent will be responsible to lead the detailed industry analysis for key target industries.

Job Description

Borrower Origination and Analysis

  • Originate, evaluate and execute credit transactions (wholesale credit lines, supply chain financing, program lending, securitized products) through analysis of financial standing and credit worthiness of potential borrowers to provide growth capital funding to small and mid-size enterprises with potential for profitable growth and sustainable job creation.
  • Develop innovative credit transaction models to enable access to finance to small and mid-size enterprises
  • Lead detailed industry analyses (market size and growth, industry structure and value chain, competitive landscape etc.) for key target industries
  • Conduct financial analysis (historical and projections) of clients and their investments projects, recommending conditions for credit relationship.
  • Assess the impact and additionality that will be created through loans

Loan Proposals and Documentation

  • Preparing loan proposal and essential documents, presentations and research reports necessary to make a credit decision.
  • Review and participate in investment negotiations and finalization of transaction documentation
  • Establish and maintain quality client relationships to ensure responsive client service and to enhance new business opportunities
  • Supporting actions and processes aiming at improving credit process
  • Daily cooperation with other teams (i.e., risk, finance, procurement, monitoring and evaluation and banking partners) in order to ensure most efficient credit service for debt portfolio companies.
  • Prepare high quality submissions for the Investment Committee including memoranda

Portfolio Monitoring

  • Monitor, track and manage the performance of portfolio companies including performance vis-a-vis business plan and KPIs and maintain liaison with internal and external stakeholders
  • Collaborate with Finance and Monitoring & Evaluation to track, monitor and evaluate the portfolio performance and financial situation of the clients, including analysis and trends in industry, external and internal early warning signals.
  • Take adequate actions to mitigate identified risks and generate impact assessment reports
  • Prepare documentation for Karandaaz’s internal processes including creating and maintaining annual work plans and support in internal and external audits
  • Any other task necessary to ensure the optimum performance of the CIC department


A preferred candidate will need to have:

Education & Experience

  • Preferably a Masters level degree in Business, Economics, Accounting or related discipline from a reputable international or Pakistani institution. Specialization in Finance preferred including CFA.
  • Minimum of 5 years’ experience in structured finance and/or commercial banking
  • Experience in originating and executing corporate finance and/or loan products. Prior exposure to small and mid-size enterprise lending will be valued.
  • Professional exposure to the development of financial products for small and medium enterprises.

Knowledge, Skills & Abilities

  • Understanding of a not-for-profit organization
  • Good knowledge of business finance and basics of financial analysis
  • Good knowledge of accounting regulations
  • Expert level skill in Microsoft Office (Excel, Word, PowerPoint)
  • Intermediate level skill in Google Suite
  • Strong command over oral and written English. Should be fluent in Urdu.
  • Strong analytical skills
  • Strong problem-solving skills
  • Sound business judgment to identify issues and present creative and practical solutions
  • Strong coordination and interpersonal skills
  • Demonstrated teamwork skills
  • Ability to manage and complete multiple projects simultaneously and meet deadlines under pressure

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. 

Karandaaz is an equal opportunity employer and encourages applications by all population groups

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