Head of Credit
Alraedah Finance
Total years of experience :12 years, 5 Months
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.
Key Responsibilities :
• Primary support to Relationship Managers in underwriting new and complex credit transactions, including credit negotiations.
• Identify, draft, develop and implement operational processes, policies and guidelines leading analysis of general financial condition and credit worthiness of existing and potential clients, managing due diligence processes.
• Prompt actions to report and remedy adverse risk conditions as they may arise.
• Set and monitor credit limits and acceptable terms for all customers based on available information and market demands in close cooperation with Marketing & Sales.
• Mea sure department performance with appropriate metrics.
• Manage relations with internal and external parties (i.e. Credit reporting agencies, valuation companies, Board of directs…etc.
• Comply with the company’s credit policy and standard operating procedures.
• Lead and manage the Credit Risk team.
• Created unique financing solutions and products to better serve the targeted clients base.
• Accept I Reject credit files based on underlying fundamentals of clients as well as adherence to the Company & regulatory policies
• Continuously monitor of credit processes for gaps and implementation of technology to create a more efficient process.
• Facilitate and leads several internal committees, such as Annual Budgeting, Restructuring, recruitment, business development…etc.
• Maintain existing client base (High net-worth clients with over SR 20, 000, 000 net-worth ) and recommend investment and financing plans.
• Identify and enlist potential high income clients through networking.
• Managed over 80 key clients for a portfolio valuing around SR 7.0 Billion, consisting of High-net worth individuals, institution and corporate entities.
• Analyze client background to recommend appropriate products.
• Target client financial issues and propose ways to strengthen their situations.
• Identify operational process inefficiencies and recommend necessary improvements.
• Create business development presentations.
A bachelor degree in Finance Cumulative GPA 2.9 / 4