Assigned as Credit Team Leader
Saudi Industrial Development Fund
Total years of experience :24 years, 7 Months
Assigned as Credit Team Leader July 2011 - Present Saudi Industrial Development Fund (SIDF), Riyadh, Saudi Arabia.
• Heading the credit team, which is responsible for offset non petrochemical projects, phosphate fertilizer sector, aluminum smelter and rolling mills sectors, complete mining sector, steel sector (mega projects), pharmaceutical sector, animal feeds sector, industrial cities and technological parks development projects, logistics and industrial support sector, all industrial studies for different sector of the economy for SIDF financing and all special assignments.
• Conducting Credit Orientation Program for newly hired Saudi Credit Officers twice a year.
• Handling portfolio of 67 projects which is SR 11.63 billion of SIDF exposure and looking after the affairs of a team consisting of 6 credit consultants and senior credit analysts.
• During the current period of five months, 12 projects appraisal reports were completed and submitted to SIDF Loan Committee and Board of Directors for their approval which includes seven mega projects bauxite mining and refinery, aluminum smelter and aluminum rolling mills, two industrial estate development projects and two gold and copper mining projects.
• Handling of all the special assignments requested by the Fund's senior management frequently.
• Conducting thorough industrial studies covering all industrial sectors; these studies form the basis for setting the Fund's lending policies. During the last five months completed four industrial studies.
Senior Credit Consultant/Credit Consultant June 2004 - Present
Saudi Industrial Development Fund (SIDF), Riyadh, Saudi Arabia.
• Managing a portfolio of around 18 investments with a total exposure exceeding SR 3.39 billion.
• Responsible for analysis and evaluation of new and expansion loan applications and writing full appraisal reports with recommendations. Has prepared over 31appraisal reports (project costs from SR 10 million to SR 20 billion) . Handlemining sector, aluminum sector, pharmaceutical sector, animal feed sector, phosphate fertilizersector, industrial cities and technological parks developmentsector.
• Responsible for loan management, which covers all aspects including coordination for the completion of legal documentation, follow-up on operational projects, monitoring of the project, disbursement to the project and collection of loan installments on timely basis. Handling all the problems faced by the projects and recommend necessary measures. Responsible for projects loan reviews and financial analysis on regular basis, paying site visits and reporting to management about new development in the assigned projects.
• Responsible for all industrial studies for different sectors of the economy for SIDF financing and all special assignments.
• Conduct Credit Orientation program of two weeks duration twice a year for the new credit officers coming back from USA and Canada after completing their professional training of six month duration.
Project & Credit Risk Consultan September 2003 to June 2004
National Landers, Toronto, Canada.
Responsible to establish an effective internal control and risk management system that is capable of recognizing and continually assessing material risks that could affect the performance and financial condition of the company. Monitor market environment and perform risk analytics. Display good grasp of market risk measures such as Market Value Exposure, Earnings Volatility, Credit Exposures and Assets Grading. Identify and articulate traded risks such as source, direction, magnitude and concentration. Assist senior management in ad hoc analysis in support of the line of business. Managing and follow up the existing and new projects and make recommendations to the partners of the group for financing. My major responsibilities included the followings:
• Interact with the marketing, customer operations, finance and risk management departments to manage the financial and volumetric portfolio position.
• Assist with underwriting mortgage-financing request for new & existing customers including use of analytical models for cash flow analysis.
• Participate in establishing credit limits on customer accounts and handle special credit arrangements and deviations from credit policies.
• Assist with the review of collection reports to ascertain status of collections and balances outstanding and to evaluate effectiveness of current collection policies and procedures.
• Assist with the monitoring of delinquent accounts considered to be un-collectible to ensure maximum efforts have been taken before assigning bad debt status to account.
Financial & Credit Analyst September 2002 - September 2003
IBM Global Financing, Toronto, Canada
• Assisting in credit risk evaluation of derivative and securitization structures.
• Maintain a set of portfolio as assigned through collection activities, reconciliation and investigation of client disputes in a timely and professional manner.
• Performed preliminary review of customer credit request submitted through online database from different parts of the world, review and analyze customers' financial statements through the use of Risk Model, assign risk rating and allowed a maximum credit line in Credit Sales Database and communicate decision to Sales, Pricing and Contract Department.
• Review credit line within operating grant of authority and submit recommendations beyond position authority to Chief Credit Officer/Director IBM US.
• Negotiate security with customers as required to establish the appropriate credit line and work with Contract Administrator and Pricier to resolve issues.
• Identify high-risk accounts & recommend actions to management in minimizing loss.
Project and Financial Analyst May 2002 to August 2002
Hudson's Bay Company-Information Services Department, Toronto, Canada
(Largest department stores chain in North America with the name of Zeller, Sears, and Home Outfitter over 650 stores)
• Performed conversion of old legacy accounting systems to Oracle ERP System and during data validation 98 to 100 per cent accuracy found in different periods.
• Conversion of all group credit card databases into Oracle ERP System and allocating credit limits to different credit files.
• Preparation of initial working papers for annual budgeting, planning and forecasting.
• Responsible for reviewing credit applications & credit investigations for each application in accordance with approved credit policy and procedure; written recommendations for applications below the approved score cut-off.
• Involved in full accounting cycle functions including preparation of different financial statements in Oracle, passing month end adjusting entries and variance analysis.
Credit Risk and Financial Analyst July 2001 - Jan. 2002
Ensign Security Services Inc., Mississauga, Ontario, Canada.
• Developed the Credit Policy for the Credit Department and Collection Section.
• Responsible for all the activities of Credit Department, Collection Department including month end closing, variance analysis, and MIS reports for management.
• Responsible for the Group's planning, budgeting and forecasting activities.
Sr. Vice President/VP/Regional Head/AVP: Oct. 1990 to Jan 1997
Bankers Equity Limited (Leading Development Financial Institution), Pakistan
I have worked in different departments which includes project appraisal, project monitoring, finance and accounts, internal audit and assistant company secretary and provincial chief. My last placement was in Project and Credit Risk Department where I was responsible to provide quality financial management information to the senior management according to BASEL Accord requirements, develop and maintain them in conjunction with Corporate Finance (Accounting Policy & Procedures) and Risk Management Department, the accounting, assets valuation, credit scoring and reporting of all existing and any new projects. My other major responsibilities included the following:
• Preparation of annual corporate plan and corporate strategy on the basis of Financial Bill / Ordinance.
• Preparation of detailed appraisal reports for consideration of the Credit Committee and/or the President and/or Board of Directors, for their approval, as the case may be.
• To hold meetings and coordinate with syndicate members their requirements arising out of appraisal reports, till the sanction/rejection of the project.
• Review large delinquent accounts and recommends course of action. Investigates and resolves discrepancies as appropriate.
• Recommends credit cancellations and bad debt write offs on accounts determined un-collectable based on established credit guidelines.
• Prepare preliminary appraisal reports to enable the Management to take a decision whether to accept the proposal for detailed processing or reject it.
• Maintain computerized data on Bankers Equity’s clients regarding their credit - worthiness and provide details to other Development Financial Institutions and Nationalized Commercial Banks and Bankers Equity’s clients.
Manager, Project Appraisal Department June 1990 to October 1990
National Development Finance Corporation (NDFC), Islamabad - Pakistan
I was responsible for the preliminary and detail appraisal of the project received in the northern region of the Corporation and the monitoring and other related matters.
Assistant Manager/Manager May 1987 to May 1990
Youth Investment Promotion Society (YIPS) (A subsidiary of NDFC)
Worked in different departments e.g. project appraisal department, project monitoring department, and Assistant Secretary to the Loan Approving Committee in Head Office, Islamabad.
It is a highest professional certification in credit. It duration is of two years after graduation.
• Certified Financial Consultant, Institute of Financial Consultant
• Chartered Seretary is responsbile for the company secretarial works.
• Fellow Member, The Institute of Corporate Secretaries of Pakistan April 1994G
Institute of Taxation Management was established in Pakistan under licence of gthe Federal Governmnet of Pakistan granted by Corporate Law Authority, under Section 42 of the companeis ordinance 1984.
Institute of Marketing Management was established in Pakstan under license of the Federal Government of Pakistan.
The Institute of Bankers in Pakistan is established by the Federal Governmnet. Its diploma consisting of two parts and each part contains four papers.
• MBA (Finance), IBA, University of the Punjab, Pakistan May 1987G
• Post-Graduate Diploma in Cost and Management Accounting June 1986G University of the Punjab, Lahore Pakistan.