Credit Approval Manager (Saudi National)

Job description / Role

Accountable for the entire credit granting process, including the consistent application of a credit policy, periodic credit reviews of existing customers and the assessment of the creditworthiness of potential customers, with the goal of optimizing the mix of company sales and bad debt losses.

Main responsibilities:
- Reject or authorize applications in accordance with company standards and establish appropriate repayment terms to minimize the organization’s credit risk.
- Investigates credit applications and approves applications within established guidelines for companies and Individuals
- Liaises with corporate customers and other departments to resolve credit problems
- Reject or authorize applications in accordance with company standards and establish appropriate repayment terms to minimize the organization’s credit risk.
- Lead, direct, evaluate, and develop a team of credit staff to ensure that the credit activities are conducted effectively and ethically and comply with the organization’s policies and standards as well as relevant regulations and laws.
- Monitor the status of credit activities to identified problem areas and adapt procedures to improve the overall performance of the team
- Conducting field visits to companies to insure the credit worthiness of prospective and existing customers
- Develop new way to retain support and attract new business
- Presenting customers request for extending or issuing new credit facilities with a comprehensive report to management
- Closely monitoring the performance of accounts within portfolio to detect early signs of trouble in order to achieve higher levels of quality through minimizing defaults and provisions

Reporting to: Credit & Risk Manager.

Requirements

- Bachelor's Degree in Accounting/Finance
- 4-7 years’ experience in similar field

Specialist knowledge:
- Credit analysis Assessment
- Communication
- Law & Legal aspects
- Customer Service
- MS- Office Suite

Soft Skills and Personality traits:
- Result Oriented
- Critical thinking
- Interpersonal
- Analytical

Nationality Preference: Saudi
Language Fluency: English, Arabic
Current Location: Saudi Arabia

About the Company

Aljabr Financing Corporation is a joint stock corporation founded by the owners of Aljabr Group. The history of Al Jabr Group dates back to 1952 when the sons of Sheikh Hamad Mohammed Al Jabr began their journey into the world of commerce with the establishment of a small company trading in foodstuffs in Al-Ahsa. In 1956, a branch was opened in Al-Khobar, which was their first international activity. The Group currently has the following business activities: Al Jabr Automobiles, Al Jabr Laundry and Dry Cleaning; Al Jabr Soft Drinks, Al Jabr Electronics; Al Jabr Contracting; Al Jabr Building Materials, and the Gulf Carton Factory. The holding group is an active practitioner of Corporate Social Responsibility and has committed millions of Saudi riyals to supporting various charity projects that benefit local society.