Analyst, Financial II, Credit Risk

Role: Credit Risk Analyst

One of our prestigious clients in the Kingdom of Saudi Arabia is looking to hire a Financial Analyst, Credit Risk, who will be responsible for but not limited to:

1. Growing financial performance through analysis of financial results, forecasts, variances, and trends, as well as developing financial models to support valuation, planning, and forecasting to create recommendations to be presented to management and executives.
2. Conducting comparable analysis and market research to support internal financial analysis.
3. Reconciling existing transactions through cross-referencing of incoming and outgoing data is a key function a senior financial analyst should be able to practice.
4. Maintaining up-to-date technical knowledge of financial instruments, market conditions, and trends.

Responsibilities:

1. Evaluate the credit worthiness of the service providers as per the internal procedure based on the SOW and the size of contracts.
2. Assess the performed contracts and related experience of the potential engagement with the service providers.
3. Propose and verify the necessary qualifications, certification, and licenses prior to permitting the official registration of the potential service providers.
4. Carrying out a detailed credit analysis of the Credit and Investment proposals, including financial modelling, analysis, ratios, projections, valuations, and industry & peer analysis.
5. Identify and analyze counterparty risks and report the mitigation strategy.
6. Ensure that all approved credit applications comply with the company policies and procedures.
7. Assist in monitoring credit facilities and customers competencies, completing credit risk review memos, assessing risk-return investment and preparation of executive committee minutes and reporting of credit exposure/risk in line with internal policies and risk appetite.

Skills:

1. Research skills
2. Strong problem-solving, mathematical and analytical skills
3. Excellent written and verbal communication skills
4. Ability to maintain confidentiality
5. Proficiency with computers and computer software, like programs that aid in statistical and financial calculations
6. Proficiency with financial reports and statements

Qualifications:

1. Bachelor's degree / higher diploma / Masters (preferably majors in Finance)
2. Profound knowledge of financial principles, credit terms, and risk assessment practices.
3. Analytical abilities to evaluate financial data and determine credit worthiness.
4. Collaborative spirit to work synergistically with finance, sales, and other departments.
5. 3-5 years of proven experience in credit analysis or related financial roles.