Credit & Financial Risk Manager

Job Description

About the Position:

We are recruiting an experienced Credit and Financial Risk Manager. The Credit and Financial Risk Manager will proactively manage the credit exposure of the organization and implement a credit policy and control framework to manage counterparty credit risk.

Key Accountabilities:

• Independently set up credit policy framework and implement credit control processes for effective Credit exposure management - for both existing and potential customers.
• Developing Credit evaluation metrics and implementing credit approval process.
• Assessing credit of corporate and institutional customers (involving management, industry & and financial risk analysis) on a case-to-case basis, to set up counterparty credit exposure limits.
• Ensuring proactive credit management with credit limits monitoring and updating credit limits using pre-defined criteria.
• Establishing a continuous feedback loop with AR to evaluate the credit performance of existing customers.
• Coordinate with IT to ensure credit limits & and controls are set up in the system and are being adhered to by the sales/AR teams, and exceptions if any are regulated through standard workflows and approval processes.
• Sourcing client credit history, liaison with Ittihad Credit Bureau, Banks, Credit Rating companies, etc. for credit scores and default history.
• Provide necessary inputs to Finance for receivable provisioning/write-off decisions.
• Support Treasury and Corporate finance director in management of other key financial risks- for e.g. management of any commodity risk exposure like Fuel, management of working capital investment, management of bank covenants

Expected Qualifications:

• Bachelor&aposs Degree in relevant field.
• CA / CPA / ACT / ACCA / CFA or MBA (Finance major) or equivalent

Experience and Skills Set:

• 10 12 years of experience with a large corporation in the relevant field of credit risk management.
• Proficiency in analyzing financial statements, understanding key ratios (e.g., liquidity, leverage), and interpreting financial data to assess creditworthiness.
• Ability to develop and utilize credit risk models for assessing and managing credit risk exposure.
• Ability to identify, evaluate, and mitigate various types of financial risks (credit, market, operational) through risk assessment methodologies and risk mitigation strategies.
• Strong communication skills to convey complex risk analysis findings to stakeholders, as well as preparing comprehensive reports and presentations.
• Skills in managing credit portfolios, including diversification, monitoring risk exposure, and implementing strategies to optimize portfolio performance while controlling risk.