Credit Review Manager

Role Overview

Credit Review Manager at alfanar. This role leads the credit review function, assessing customer creditworthiness, monitoring credit exposures, identifying key risks, and ensuring compliance with the Company's credit policies and risk appetite.

Role Purpose

To lead the credit review function by assessing customer creditworthiness, monitoring credit exposures, identifying key risks, and ensuring compliance with the Company's credit policies and risk appetite. Provides timely credit insights and recommendations to support effective risk management and informed business decisions.

Key Responsibilities

Credit Review and Assessment

• 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 and recommend appropriate actions based on identified risks.
• Identify credit weaknesses, exceptions, and emerging risks and ensure timely escalation to the relevant stakeholders.
• Ensure that credit reviews are conducted consistently, objectively, and within established timelines and standards.

Credit Governance and Risk Oversight

• Ensure credit review activities are aligned 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.
• Support the continuous enhancement of credit review methodologies, controls, and processes.

Credit Data Management and Reporting

• Maintain accurate and up-to-date credit information to support effective credit review, monitoring, and decision-making.
• Ensure the completeness, accuracy, and integrity of customer credit data and supporting documentation.
• Establish and maintain appropriate records of credit reviews, findings, recommendations, and management actions.
• Prepare periodic credit review and risk reports for management, highlighting key exposures, trends, exceptions, and areas requiring attention.
• Provide management with relevant credit insights and recommendations to support informed credit risk decisions.

Stakeholder Management

• Coordinate with relevant business, finance, collections, risk, and other stakeholders to obtain information required for effective credit reviews.
• Communicate credit review findings, risk observations, and recommendations clearly to relevant stakeholders and management.
• Follow up on agreed corrective actions and ensure timely resolution of identified credit risks and exceptions.
• Provide regular updates to senior management on significant credit review findings and portfolio developments.

Responsibility and Delivery

• Take full responsibility for the operation as per the job description and required deliverables, taking into consideration general company guidelines.
• Anticipate problems and take necessary proactive steps to prevent them.
• Take necessary and proper timely decisions.
• Deliver required results in a timely manner with required quality and cost.
• Make a tangible difference to the area of operation and exceed business expectations.

Business Planning and Performance

• Transform corporate goals into business plans.
• Plan, follow-up, and execute annual or development plans.
• Monitor plan performance and initiate action to strengthen results and take corrective action accordingly.
• Provide periodic work progress reports.
• Monitor and control budgets and expenses to achieve optimum cost efficiency.

Organizational Development and HR Management

• Recruit, recognize, and cultivate high performers and expose them to create a robust second line of management.
• Recognize low performers and guide them to improve or release them.
• Treat subordinates equally without any discrimination.
• Base assessment criteria of subordinates on performance that leads to planned results.
• Ensure availability of delegation of authority matrix with sufficient delegations as per company policy.
• Develop the organizational structure according to current requirements taking into consideration future and development plans.
• Ensure availability of job descriptions for all job roles and deployment.

Business Process Improvements

• Develop and coordinate well-defined written systems, policies, and procedures and seek automation opportunities.
• Navigate through IT solutions relevant to the job and business.
• Promote automated systems and their full use to spread its culture.

Quality and Adaptation

• Act in accordance with alfanar's prime competitive advantage of quality.
• Adapt to new and alternative techniques, technologies, management structures, and business models.

Health, Safety, and Environment

• Ensure a safe, secure, and legal work environment as per standard regulations.

Qualifications & Experience

• Bachelor Degree in Accounting, Finance, or any relevant field.
• 6 to 10 years of work experience.

Skills & Competencies

• Consolidation of Cost Accounts.
• Financial Reporting.
• Compliance Reporting.
• Cost Control.
• Cost Variance Analysis.