Manager Credit Review

About the Role

Alfanar is seeking a Manager Credit Review to lead the credit review function in Riyadh, Saudi Arabia. This full-time role involves assessing customer creditworthiness, monitoring credit exposures, identifying key risks, and ensuring compliance with the company’s credit policies and risk appetite. The Manager Credit Review provides timely credit insights and recommendations to support effective risk management and informed business decisions.

Key Responsibilities

• Lead and oversee the credit review process for customer accounts in accordance with approved credit policies, procedures, and risk appetite.
• Conduct comprehensive reviews of customer creditworthiness, financial position, payment performance, and overall credit exposure.
• Assess the adequacy of credit facilities, limits, terms, and conditions, recommending appropriate actions based on identified risks.
• Identify credit weaknesses, exceptions, and emerging risks, ensuring timely escalation to relevant stakeholders.
• Ensure credit review activities align with the Company’s credit governance framework, risk appetite, and financial policies.
• Monitor compliance with approved credit policies, procedures, delegated authorities, and credit approval requirements.
• Recommend appropriate risk mitigation measures for customers with elevated credit risk or deteriorating financial performance.
• Provide oversight of credit risk exposures and highlight material risks and trends to senior management.
• Maintain accurate and up-to-date credit information to support effective credit review, monitoring, and decision-making.
• Prepare periodic credit review and risk reports for management, highlighting key exposures, trends, exceptions, and areas requiring attention.
• Coordinate with business, finance, collections, risk, and other stakeholders to obtain necessary information for credit reviews.
• Communicate credit review findings, risk observations, and recommendations clearly to relevant stakeholders and management.

Managerial Accountabilities

• Recruit, recognize, and cultivate high performers to build a robust second line of management.
• Guide low performers towards improvement or manage their release.
• Ensure fair treatment of subordinates, with performance as the primary assessment criterion.
• Take full responsibility for operations and deliverables as per the job description and company guidelines.
• Anticipate problems and take proactive steps to prevent them, making timely and appropriate decisions.
• Deliver required results in a timely manner, meeting quality and cost standards.
• Contribute tangibly to the area of operation, exceeding business expectations.
• Transform corporate goals into business plans, monitoring performance and initiating corrective actions.
• Monitor and control budgets and expenses to achieve optimum cost efficiency.

Qualifications and Experience

• A minimum of 5 to 10 years of relevant experience.
• Ability to develop the organizational structure according to current and future requirements.
• Proficiency in developing and coordinating written systems, policies, and procedures.
• Familiarity with IT solutions relevant to the job and business, promoting their full utilization.
• Commitment to quality as a competitive advantage.
• Adaptability to new techniques, technologies, management structures, and business models.
• Ensuring a safe, secure, and legal work environment in accordance with standard regulations.

Work Environment

This is a full-time position based in Riyadh, Riyadh, Saudi Arabia. The role operates within Alfanar's framework, emphasizing adherence to company policies and a commitment to continuous improvement in credit review methodologies and controls.