- Participates in the development and implementation of the Financial Policies & Compliance General Directorate plans.
- Directs and manages the Credit department mandates, providing leadership and facilitating work processes in order to achieve high performance standards.
- Manages and controls change in the Credit department providing guidance and support, necessary for continuous improvement.
- Ensures compliance with organizational policies, procedures and quality standards in the Credit department.
- Ensures smooth running of the credit disbursement process, including the participation & contribution towards setting up appropriate credit plan & policies and procedures with respect to each Business Units.
- Review credit proposals as forwarded by relevant Business Units to maintain a equilibrium between return and risk exposure of the company.
- Reviews, benchmarks and evaluates corporate credit plan, policies and procedures and recommend changes in overall credit management as and if needed.
- Provide input and introduce new innovative approach and initiatives in management of STC's Credit policies and procedures to increase efficiencies & effectiveness to the process
- Maintain strong understanding of applicable credit regulations affecting credit and collection procedures
- Employs credit monitoring, analysis and periodic credit reviews of customers and vendors creditworthiness and evaluates STC's exposure to credit risk, with the goal of supporting the mix of company sales and minimizing bad debt losses.
- Monitor the credit portfolio of the company for maximum credit limit on customer accounts, handling special credit arrangements and deviations from the standard terms of payment.
- Review customer complaints related to credit, and undertakes necessary actions within the ambit of approved credit polices to satisfy their requirements
- Monitor compliance with the Credit Regulations, policies and procedures, and liaison with the internal and external audit directives to ensure that current credit policy is consistent with the requirements, and takes steps to correct any discrepancies
- Reviews collection reports to ascertain the status of credit recovery, and outstanding balances.
- Oversees the preparation of different credit exposure calculation models using modern statistical techniques i.e. Exposure given default, Value at risk, Credit score card, and estimated probability of default
- Oversees customer records are adequately created, maintenance and periodically updated.
- Audit delinquent accounts and determine if they are collectible and to ensure assigning bad debt status to the account.
- Schedules/Plans physical visits to critical customers with Collection team to assess creditworthiness.
- Builds relationships and directs the sharing of data with external credit bureaus such as SIMAH, etc.
- Defines goals and key performance indicators for each member of the team and ensures effective application of the STC performance management process.
- Directs planning and selection of manpower in the Credit department, in line with the business and operational plans.
- Ensures high level of employee engagement and capability development by providing on-going feedback and coaching team members within the Credit department.
- Performs other responsibilities and tasks as directed by the General Manager – Financial Policies & Compliance in order to meet business objectives.
- Bachelor's degree in Business Administration, Finance or a related discipline
- Master's degree in Finance or Business Administration is preferred
- Professional certifications such as CA, SOCPA or equivalent is preferred.
- Prior managerial experience in financial control in a large-scale service oriented industry is strongly preferred
- Prior experience in Credit Policies & Planning.
- Prior experience in Credit Monitoring & Reporting.
- Strong quantitative and analytical skills
- Good understanding of telecommunications industry
- Excellent judgment and creative problem solving skills including conflict resolution skills
- Principles of financial management and analysis, including an understanding of key Credit metrics and ratios, indicators, etc.
- Knowledge of internationally accepted current accounting standards of US GAAP, IFRS and IAS.
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Credit Risk Management
منذ أسبوع
Kaapro Management Solutions Riyadh, المملكة العربية السعوديةOpening: 1 Nos.- Job ID: Employment Type: Full Time- Reference: · - Work Experience: 5.0 Year(s) To 15.0 Year(s)- CTC Salary: 15.00 LPA TO 60.00 LPA- Function: Risk Management & Compliance- Location: · - Riyadh · Posted On: 13th Sep, 2023 · **Position: Credit Risk Management-Dire ...
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Credit Risk Associate
منذ 4 أيام
CA Global Headhunters International Riyadh, المملكة العربية السعوديةReference No. JABLR-35 · **Reference Number: JABLR-35** · **Job Description: · Under the supervision and guidance of the Head of Credit Risk Unit, the credit risk associate will be responsible for performing in-depth credit analyses and making recommendations to Credit Committees ...
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Senior Manager
منذ 23 ساعة
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Senior Credit Controller
منذ 4 أيام
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Treasury Manager
منذ أسبوع
Giza Systems EG Riyadh, المملكة العربية السعوديةManage the Company's financial risks, liquidity, and funding requirements to constantly meet business needs. · - Monitor /Manage bank agreements and relationship with banks. · - Act as the primary liaison ( with Group Treasury Director co-operation ) with banks to communicate and ...
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Treasury Manager
منذ 3 أيام
Giza Systems EG Riyadh, المملكة العربية السعوديةManage the Company's financial risks, liquidity, and funding requirements to constantly meet business needs. · - Monitor /Manage bank agreements and relationship with banks. · - Act as the primary liaison ( with Group Treasury Director co-operation ) with banks to communicate and ...
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Market Risk Associate
منذ 6 أيام
CA Global Headhunters International Riyadh, المملكة العربية السعوديةReference No. CDTBLRB · Our banking client is currently recruiting a Market Risk Associate (Treasury & Credit Ratings), to be based in Riyadh, Saudi Arabia · The Market Risk Unit is within the broad mandate of Risk Management Department (RMD) which oversees the implementation of ...
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Market Risk Associate
منذ أسبوع
CA Global Headhunters Riyadh, المملكة العربية السعوديةOur banking client is currently recruiting a Market Risk Associate (Treasury & Credit Ratings), to be based in Riyadh, Saudi Arabia · The Market Risk Unit is within the broad mandate of Risk Management Department (RMD) which oversees the implementation of the organizations Risk M ...
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Vp of Funding and Liquidity
منذ يومين
Arab Petroleum Investments Corporation Riyadh, المملكة العربية السعودية**Responsibilities**: · - Undertake an active role to fully support and coordinate with the Director - T&CM (Head of Funding & Liquidity) and other Senior staff of the Department in the collective efforts to maintain and further increase and diversify credit limits of APICORP fro ...
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Business Development Manager
منذ 6 أيام
Talent Pal Riyadh, المملكة العربية السعودية**Job Summary**: · We are now seeking an exceptional Business Development Manager to join our award winning team based within our Saudi Arabia Office. · **Responsibilities**: · - Assisting in the consolidation of KEO's reputation and relationship with existing preferred clients, ...
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Finance Manager
منذ أسبوع
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منذ 4 أيام
S&P Global, Inc. Riyadh, المملكة العربية السعوديةDesktop and Channels Sales Director - Kingdom of Saudi Arabia · **About the Role**: · **Grade Level (for internal use)**: · 12 · **Desktop and Channels Sales Director - Kingdom of Saudi Arabia** · **The role**: · We are looking for a Sales Director based in the Riyadh office. Thi ...
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Vp - Funding and Liquidity
منذ أسبوع
Arab Petroleum Investments Corporation Riyadh, المملكة العربية السعودية**DUTIES & RESPONSIBILITIES** · 1.Proactively extend support, together with the Senior Vice President - T&CM in Managing a high quality Fixed Income Mandate, Managed Funds & Equities in the Investment Desk within the parameters approved by the Board. · 2. Extend active role in th ...
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Chief Financial Officer
منذ أسبوع
Professional Recruitment Riyadh, المملكة العربية السعودية**Duties and responsibilities**: · - Directs the preparation of all financial statements, including income statements, balance sheets, shareholder reports, tax returns, and governmental agency reports. · - Compares sales and profit projections to actual figures and budgeted expen ...
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Assistant Director of Finance
منذ أسبوع
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منذ 23 ساعة
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Global Account Director
منذ يومين
Mindshare Riyadh, المملكة العربية السعودية**Reporting Line**:Direct line to Managing Director, Mindshare KSA & dotted line to Chief Growth Officer, Mindshare MENA · **Organisational Relationships**: · - Mindshare regional team based in Dubai · - KSA Mindshare Leadership and operational team · **Role context & Overview**: ...
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منذ 23 ساعة
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Finance Manager
منذ أسبوع
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Admin Manager
منذ 3 أيام
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