Job Status: open

Position Title: Head of Credit Risk

Position Based In: Abu Dhabi, UAE  

Employer / Client’s Detail: A Banking Sector

Gender: Equal Opportunity Employer

Education:Relevant professional qualifications will be preferred.

Experience:Atleast, 10 years experience of credit control, financial analysis, and Commercial evaluation with 5 years in a Risk management role.

Job Descriptions / Responsibilities:

• Develop, implement and maintain an effective and professional credit control policy and procedures. Implement enhancements where required.
• Manage the credit and analysis for new customers based on the available information including financial statements, external information agencies and trading experience.
• Set and monitor credit limits and acceptable terms for all customers based on available information and market demands in close cooperation with Marketing & Sales.
• Decide where it is appropriate / necessary to seek risk mitigation through secured payments, guarantees and/or credit insurance. Work closely with the sales managers to obtain the security while still maintaining good customer relationships.
• Work closely with Treasury to ensure bank credit risk arising from LCs and bank guarantees are acceptable.
• Manage the periodic re-review process to ensure in-house credit information is up to date and limits are in line with each customer’s current situation.
• Resolve all problems for clients, copy invoices, proof of delivery, credit notes, and liaise internally to progress any problems that are being handled in any other department.
• Visit major and high-risk customers to build personal relationships, assess their operations and gather information.
• Work closely with Accounts Payable to ensure overdue receivables are handled.
• Represent the company in court if required.
• Prepare monthly credit risk management reports.