Credit Analyst

About the Role

Silqfi is seeking a Credit Analyst to join our team in Dammam, Eastern Province. This full-time role involves assessing SME credit applications across various products, identifying key credit risks, and preparing clear recommendations aligned with credit policy and risk appetite. The Credit Analyst will manage the full credit file, from analysis to memo and recommendation, and contribute to improving underwriting processes through automation and system enhancements. The position requires 2-5 years of relevant experience.

Key Responsibilities

• Handle SME credit applications end-to-end, from screening and evaluation to credit decision recommendations, including supply chain and invoice-backed financing in line with credit policy.
• Analyze financial statements, bank statements, VAT returns, management accounts, SIMAH reports, and supporting documents.
• Evaluate business performance, cash flow, indebtedness, existing obligations, repayment capacity, and overall creditworthiness.
• Review invoices, contracts, purchase orders, receivables, and buyer information supporting credit requests.
• Conduct customer calls to clarify business activity, cash flows, and information gaps.
• Identify credit, fraud, concentration, and transaction risks, including related-party activity, unusual transactions, and inconsistencies in submitted information.
• Prepare complete credit memos with clear recommendations on limits, tenors, repayment structures, and risk mitigants.
• Submit memos for review by senior underwriting and approval by the relevant authority or Credit Committee.
• Review existing customers, limit-increase requests, and early warning indicators.
• Collaborate with Sales, Operations, and Collections to complete assessments within agreed turnaround times.
• Maintain accurate assessments and records in the loan origination system.
• Support the testing and rollout of system features, automated checks, and underwriting workflows.
• Suggest improvements to reduce manual work and strengthen assessment quality.
• Adapt to evolving policies, tools, and business priorities while maintaining sound credit judgment.

Qualifications and Experience

• Bachelor's degree in Finance, Accounting, Banking, Economics, Business Administration, or a related field.
• Mandatory: 2–4 years of prior hands-on experience in SME lending (credit analysis or underwriting), covering the full cycle end-to-end: application screening, evaluation, and credit decision.
• Previous experience in Saudi Arabia, with a good understanding of the Saudi lending ecosystem.
• Hands-on experience analyzing bank statements and financial statements to assess creditworthiness.
• Solid understanding of credit bureau reports (SIMAH), financial statements, bank statements, and VAT returns, with familiarity with Wathq.
• Professional proficiency in Arabic and English (written and spoken).
• Strong analytical skills, attention to detail, clear credit writing, and advanced Excel.
• Ability to manage multiple applications in a fast-paced environment.

Preferred Experience

• Experience in supply chain finance, invoice-backed credit, receivables-backed credit, or working-capital lending.
• Background at a Saudi bank, finance company, fintech, or SME lender.
• Exposure to loan origination systems, open banking, automated credit decisioning, or digital underwriting platforms.
• Participation in system testing or process-improvement initiatives.
• Knowledge of SQL, Power BI, or automation tools.

Valued Attributes

• Ownership and consistent follow-through.
• Curiosity and a willingness to learn from others and welcome feedback.
• Flexibility as processes and priorities evolve.
• A collaborative approach to solving problems.
• An interest in using technology to improve credit decisions and daily operations.