Loan Officer Jobs in Riyadh

About the Role

Atmaal is looking for a Saudi national to join the Retail Credit Quality Assurance team. This is an entry-level position suitable for recent graduates or individuals with up to one year of experience, who are looking to build a career in credit risk, quality assurance, and retail banking operations. The role aims to support the review of credit decisions and ensure that all credit files, approvals, and associated processes are in strict compliance with Atmaal's internal policies and procedures.

The successful candidate will play a vital role in maintaining the integrity and compliance of retail credit operations by carefully examining credit applications and decisions, identifying any discrepancies, and contributing to the continuous improvement of quality assurance processes within the department.

Key Responsibilities

• Review retail credit applications and all associated documentation to ensure completeness and accuracy.
• Assess the quality and accuracy of credit decisions made by the team.
• Verify that all credit cases are processed and approved in full compliance with the Bank's applicable policies and procedures.
• Assist the team in identifying any errors, missing documentation, or policy violations within credit files.
• Prepare simple reports and summaries of findings using Microsoft Excel.
• Coordinate with various internal teams to follow up on pending credit cases.
• Maintain proper documentation and accurate tracking of all reviewed credit cases.
• Support initiatives aimed at continuous improvement in credit review and quality assurance processes.

Qualifications and Requirements

• Applicant must be a Saudi national.
• Hold a Bachelor's degree in Finance, Business Administration, Accounting, Risk Management, or a closely related field.
• Recent graduates are encouraged to apply.
• Previous experience in credit risk, underwriting, quality assurance, or retail credit is preferred.
• A good level of English proficiency is preferred.
• Demonstrate good knowledge of Microsoft Excel for data analysis and reporting.
• Possess a strong attention to detail to ensure accuracy in reviews.
• Ability to analyze information effectively and follow policies and procedures accurately.

Core Skills

• Credit Risk Analysis
• Quality Assurance
• Retail Banking Operations
• Proficiency in Microsoft Excel
• Attention to Detail
• Information Analysis
• Policy Adherence
• Underwriting Principles
• Retail Credit Operations
• Knowledge of financing products, personal finance, credit cards, mortgages, and leasing.

Additional Job Information

This is a full-time position, requiring 0-1 year of experience. The work location is Riyadh, Saudi Arabia.

About the Role

Al-Futtaim, a diversified regional business headquartered in Dubai, UAE, is seeking a Saudization Credit Controller for its BYD Body Shop in Riyadh. Established in the 1930s, Al-Futtaim operates across five divisions: automotive, financial services, real estate, retail, and healthcare, employing over 35,000 people in more than 20 countries. The Credit Controller plays a key role in managing receivables within the Body and Paint division, supporting the Credit Control Manager and Business Unit Finance Manager. This position is vital for ensuring timely collection of dues through process streamlining, monitoring financial indicators, and effectively managing customer relationships, including those with challenging payment histories. The role requires strong judgment and data control skills due to exposure to sensitive financial information, and demands close collaboration with shared services and department teams to mitigate financial risks and uphold best practices.

Key Responsibilities

• Support the Credit Control Manager in reviewing and optimizing current department processes for timely invoicing and cash collection.
• Prepare, review, and provide Management Information System (MIS) reports on receivables by division and customer, offering insights to the Credit Control Manager for identifying areas of concern.
• Collaborate with the Credit Control department to mitigate financial risks.
• Prepare and report on key performance indicators (KPIs) for each division, regularly reviewing them with the Credit Control Manager and Business Unit Finance Manager.
• Provide strategic insights to assist the Credit Control Manager in developing and executing collection strategies and action plans.
• Liaise closely with Finance Shared Services on debtor reports, accounting, and receivables monitoring.
• Perform monthly preparation and review of reports with the Credit Control Manager and Business Unit Finance Manager according to an agreed timetable.
• Ensure timely submission of receivables provision, providing insights and reconciliations for disputed customer balances.
• Conduct timely reviews of customer outstanding dues and collaborate with the Credit Control Manager to devise payment plans where necessary.
• Support efforts to reduce the overdue percentage by providing strategic insights.
• Provide necessary support to the Credit Control Manager in addressing difficult customers and overdue payments.
• Foster an open and honest work environment that promotes teamwork to achieve common business objectives.
• Perform tasks outside the standard scope of work as required by business demands.

Qualifications and Requirements

• Possess an internationally accredited professional accountancy qualification or a Bachelor of Commerce/Diploma in Accounting Financial Management.
• Minimum of 3 years of experience in receivables management, preferably within a large company.
• Prior experience with Parts Dealers business is considered an added advantage.
• Excellent communication skills, both verbal and written.
• Knowledge of Arabic is considered an added advantage.

Required Skills

• Strong analytical skills to interpret financial data and develop strategic recommendations.
• Ability to lead and coach teams effectively, fostering top performance within diverse groups.
• Proficiency in SAP or other advanced computer applications, demonstrating high computer literacy.
• Capacity to engage effectively with all organizational levels, providing clear communication internally and externally.

Work Environment

This is a full-time position based in Riyadh, Saudi Arabia, within Al-Futtaim Automotive's BYD Body Shop. The role requires 2-5 years of experience in receivables management.

About the Role

The Olayan Group's General Trading Company (GTC) is seeking a meticulous and detail-oriented Credit & Collections Coordinator to join their team in Riyadh, Saudi Arabia. This role is vital in supporting the credit control function by ensuring accurate and timely application of customer collections, diligent monitoring of customer accounts, and effective management of balance confirmations. This position primarily contributes to the preparation of necessary financial provisions and assists in optimizing collection performance, aiming to mitigate credit risk and enhance the company's cash flow through the maintenance of accurate financial records.

Key Responsibilities

• Accurately and promptly apply customer collections and payments within the ISELL system.
• Monitor daily collection activities and proactively follow up with sales representatives to ensure timely remittances.
• Escalate any collection delays or cash handling exceptions to the relevant management for necessary action.
• Review daily bank transactions to identify and reconcile any unallocated receipts, ensuring proper allocation.
• Reconcile customer open items and perform regular account reconciliations to maintain accuracy.
• Prepare customer balance confirmations and diligently follow up to achieve set targets.
• Calculate and prepare monthly Expected Credit Loss (ECL) provisions and support efforts to minimize these provisions.
• Contribute to the improvement of Days Sales Outstanding (DSO) through effective collection follow-up strategies.
• Actively participate in weekly collection review meetings, providing insights and updates.
• Process credit notes (DN), journal entries, and other necessary adjustments in a timely manner.
• Effectively coordinate with sales teams regarding collection status and confirmation processes.
• Communicate directly with customers to resolve any discrepancies identified during reconciliation processes.
• Work collaboratively with accounting, finance, and credit control teams to ensure smooth operations.
• Support internal and external audit requirements by providing necessary documentation and information.
• Prepare daily collection reports to track performance and identify trends.
• Generate monthly reports for Expected Credit Loss (ECL) provisions for management review.
• Track and report on Days Sales Outstanding (DSO) performance metrics.
• Monitor the progress of balance confirmation activities.
• Prepare collection review reports and maintain action trackers for items requiring follow-up.
• Perform additional duties as assigned by management to support departmental objectives.

Qualifications and Requirements

• A Bachelor's degree in Finance and Accounting is required.
• A minimum of 1 to 2 years of experience in credit control, accounts receivable, or collections is essential.
• Experience in a distribution environment is preferred.

Required Skills

• Proficiency in credit control principles and practices.
• Strong understanding of accounts receivable processes.
• Experience in collections operations.
• Ability to maintain accurate financial records.
• Skill in performing reconciliations.
• Competence in report generation and analysis.

Job Details

This is a full-time position based in Riyadh, Saudi Arabia. The role requires 0-1 years of experience and presents an opportunity for career development within a reputable organization in the Saudi market.